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Leave your Worries Behind by Choosing the Best Annuity Plan

By Robert Jhonson Subscribe to RSS | March 12th 2012 | Views:

Are the thoughts of living a life being dependent upon others, turning into a nightmare for you? Well, this is quite a common situation for all, where retirement drops you towards a helpless life ahead. Yes, this situation comes due to the little pension amount, with which you are left in your retired life. However, there is always a ray of hope to light up the darkest hours of your life and you can definitely opt for an annuity plan to secure your post retirement life to its best. Well, annuity plans come with different annuity schemes, like fixed annuity and deferred annuity and to know about which plan to go with, you can look up here.

Fixed annuities

As the name suggests, you can get a fixed return guarantee, when you go for this annuity plan.

Deferred annuities

As the name suggests, you can choose to delay the period, when you want to receive the payments.

Well, both the annuity plans have its own features, depending upon which you should go for applying to one of the retirement plan, which suits your requirements the best.

Comparison between both of the annuity plans

The fixed annuity, which offers a fixed rate, is considered more secure than the other one by some of the retirees. However, the annuity returns that cannot be delayed, can be a matter of trouble for some of you. Therefore, some people prefer to choose an annuity, which can be deferred.

The annuity, which comes with fixed returns, can be a dependable source of income for the retirees. Whereas, deferred annuities cannot offer fixed returns to secure the post retirement life.

If you want to save tax, deferred annuities can help you to do that. Here, until you withdraw the accumulated amount, no tax deductions are made. Therefore, you get to save the maximum amount.

Well, there is a type of annuity available in the market, where the fixed and deferred annuity is merged together to help the annuitant get the maximum benefits. Therefore, the annuitant gets the guarantee of fixed return with the assurance of delaying the period of receiving the repayments, whenever they want.

Therefore, if you are looking forward to apply to any of these annuity plans, you should understand your personal and economical requirements at first.

Apply to have your fixed annuity or deferred annuity now and make your retirement happier than ever.

Robert Jhonson - About Author:
Robert Jhonson is a Financial consultant who has good information on deferred annuity and fixed annuity. For more information, he recommends you to visit

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