It used to be the great thing about working for a company for so many years was that when you retired you were given a handshake, a gold watch and a pension plan.  At least that’s how it used to be.  Now a day you are lucky to get a gold watch when you retire.  That is why immediate annuities have become so popular over the last 10 years is because they help plan against the biggest risk we face as retirees; longevity.  Longevity risk is the risk that we will outlive our money during retirement; and with so many people living into their 90’s and even their 100’s these days outliving your investment dollars is becoming a reality. 
Let’s look at how an immediate annuity works.  1st you call Annuity Rate Shopper at  888-515-7152  to get a personalized quote.  The friendly staff of ARS will give you a personalized annuity quote from a top rated insurance company like; American National, Genworth, Hartford, MefLife, Old Mutual, United of Omaha just to name a few.  All quotes are good for generally two weeks and begin making monthly payouts 30 days after receipt of the funds and last for life. 

For example:  If you were to get a quote for an immediate annuity that said if you deposit $500,000 they will guarantee you $4,000 per month guaranteed for the rest of your life.  The beautiful thing about an immediate annuity is all of the risk associated with outliving your investment dollars is taken away and put on the shoulders of the insurance company.  If you would like to get your immediate annuity quote and learn how to create a personalized pension plan give us a call at  888-515-7152  or email us at ryan@annuityrateshopper.com.