Category Archives: Deferred Income Annuities

Replace Unpredictable RMDs with Secure Lifetime Income

Replace Unpredictable RMDs with Secure Lifetime Income

Fixed income annuities can be purchased in retirement plans to provide sustainable lifetime income that can better meet one’s retirement needs than unpredictable and fluctuating required minimum distributions, or RMDs.

Is Cognitive Impairment Part of Your Retirement Income Plan?

Is Cognitive Impairment Part of Your Retirement Income Plan?

The basic purpose of a retirement income plan is to develop tax-efficient strategies that are designed to provide predictable income streams to meet an individual’s or family’s financial needs during different stages of retirement. A comprehensive plan should also include provisions for addressing potential life-changing experiences. One such event that’s generally associated with the latter…

Income-Proof Your Aggressive Portfolio

Income-Proof Your Aggressive Portfolio

With the Dow Jones Industrial Average (DJIA) crossing the elusive 20,000 barrier last Wednesday for the first time, a lot of people are excited about investing in the stock market. Never mind the fact that the DJIA has tripled in price from its low of 6,470 on March 6, 2009, increasing at a mind-boggling average…

The 401(k) Unlevel Playing Field

The 401(k) Unlevel Playing Field

With the Summer Olympics in Rio de Janeiro underway, sports are on my mind. There’s an unlevel playing field in the retirement planning world. Forgetting about defined benefit plans which are in a league of their own, 401(k) plans are the clear favorite for employees who want to save for retirement. 401(k) participants enjoy a…

Period Certain is Cheap Insurance on SPIAs and DIAs

Period Certain is Cheap Insurance on SPIAs and DIAs

Single premium immediate annuities (SPIAs) and deferred income annuities (DIAs) are often used to provide sustainable lifetime income to replace a portion of employment income in retirement.  Both are tax-favored when nonretirement funds are used to purchase them since a portion of each income payment is a nontaxable return of principal. The primary difference between…

Deferred Income Annuities Comparing More Favorably with FIAs with Income Riders

Deferred Income Annuities Comparing More Favorably with FIAs with Income Riders

If you’re planning for retirement and you want to receive sustainable lifetime income beginning at a future date, deferred income annuities (DIAs) and fixed index annuities (FIAs) with income riders are potential suitable choices. These are the two types of deferred fixed income annuities that are sold by life insurance companies. The question is which…

Optimize Deferred Income Annuity Pre- and Post-Income Start Date Payout

Optimize Deferred Income Annuity Pre- and Post-Income Start Date Payout

Deferred income annuities, or DIAs, are one of the two types of deferred fixed income annuities sold by life insurance companies, the other being fixed index annuities, or FIAs, with income riders. DIAs are the simpler of the two products to understand and are often the most suitable choice in many situations. A DIA is…

Don’t Defer Your QLAC Purchase

Don’t Defer Your QLAC Purchase

I was recently asked by CNBC personal finance writer Tom Anderson, who was writing a story on qualified longevity annuity contracts, or QLACs, “What are the biggest mistakes clients make when buying QLACs?” My answer, which was quoted in Tom’s September 9th An Option for Those Who Fear Outliving Their Money article, was not purchasing a…

Looking for a Deferred Fixed Income Annuity on Steroids?

Looking for a Deferred Fixed Income Annuity on Steroids?

For individuals concerned about longevity who are looking for a sustainable source of income they can’t outlive, fixed income annuities are an appropriate solution for a portion of a retirement income plan.

Is a QLAC Right for You?

Is a QLAC Right for You?

Given the fact that opportunities to reduce RMDs and associated income tax liability are limited, QLACs are an attractive alternative.

QLACs are Here

QLACs are Here

Since the Treasury and IRS finalized a regulation in the beginning of July blessing the use of qualified longevity annuity contracts, or “QLAC’s,” a lot of people have been wondering when and where they can buy one.

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