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Lead a relaxed retired life with retirement annuity scheme
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Posted On :
Jan-17-2012
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Article Word Count :
406
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Financial problems can be quite disturbing and distressing in the retired period. Investing in annuity terms and plans can be of great help in those times. Retirement annuity plans are particularly designed to be used post-retirement.
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Retirement brings with it several things that need to be taken into consideration. Time flies and you hardly realise that it is your retirement time. People who are calculative and have foresightedness start planning their retirement well in advance so that there are no problems in the retired phase and they can reap the fruits of their hard work in that phase. Investment in annuities is one of the most common schemes that people adopt to have a safe and financially secured retired life. Among the various schemes, the retirement annuity plan is the most popular one as it has guaranteed returns in the retired phase.
In a retirement annuity plan, a person can start investing from the time he earns his fist salary. This deposition and investment can continue for a long period of time till retirement. It is quite obvious that quite a bulk amount of money can be deposited in the scheme, if the savings are done on regular basis. This is the investment phase of the annuity plan. Post-retirement, is the income plan. In this period, the annuitant can reap the benefits of the investments that were done in the annuity plan. The biggest attraction of this annuity scheme is that the investments are deferred from taxes.
Among the various kinds of annuities, the retirement annuity scheme is the best as here are almost no hassles in the plan. After the investment phase gets over and retirement comes, the candidate is eligible to draw the money from the investment. The withdrawal of the money will depend on the preference of the candidate. One can either withdraw the money one-time in lump sum or can take monthly instalments from the same. Apart from monthly, quarterly, half-yearly and yearly instalments can also be taken. Taking monthly instalments can help in dealing with monthly expenses smoothly.
Annuities have different kinds of terms and conditions attached to it. Nowadays there are many companies that offer annuity plans and schemes and you must choose the right company for the investment of your lifetime. It is quite obvious that common people might fail to understand all the terms and conditions by themselves. In that case, it is wise to contact the company for assistance. They have professional executives who will go to your home and explain the various things regarding the annuity plan or scheme. You can clear all your doubts and queries with them.
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Article Source :
http://www.articleseen.com/Article_Lead a relaxed retired life with retirement annuity scheme_135057.aspx
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Author Resource :
Robert Cook is a Financial consultant who has good information on retirement annuity . For more information on Annuities he recommends you to visit www.immediateannuities.com/
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Keywords :
Annuities, Retirement Annuity,
Category :
Finance
:
Finance
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