Are Annuities One Option to the National Economic Crisis?

Online, June 4, 2010 (Newswire.com) - OVERLAND PARK, KS. The economic crisis is weighing heavily on Americans, leaving them to question financial factors such as retirement, savings and spending. With social security on the decline and Baby Boomers reaching retirement age, it's hard to see a bright financial retirement. Can the nation's dim financial future be illuminated by annuity insurance? Well, according to BuyAPension.com, investment annuities are the "new retirement."

In short, an annuity is monies given to an insurance company that are invested and grow on a tax-deferred basis, and then are paid back to the investor in a series of installments over time. Annuities can be broken down into a few different categories-deferred annuities, immediate annuities, fixed, variable or indexed. By selecting a deferred annuity, periodic installments are made over a set amount of time prior to retirement; the payout is "deferred" while the invested monies accumulate interest, payable at the time of retirement.

On the other hand, an immediate annuity invests a lump sum of money that is payable upon purchase, plus interest, throughout the lifetime of the investor. The frequency of the payout (e.g., monthly, annually, etc.) is decided by the investor. Fixed annuity, variable and indexed annuities refer to the interest rate of the investment annuity. It can be fixed, varied or based off an index.

Overall, annuities are a low-risk investment geared toward retirement savings with the benefit of tax deferment. This may be one option that can help lift the financial burden of retirement. How? Instead of putting money in a certificate of deposit (CD) or a savings account, an annuity offers a low-risk option that yields higher interest on your money while receiving payments on a monthly, quarterly, semi-annual or annual basis. If you still have a few years until retirement, monthly installments into an annuity can accumulate interest while you're waiting for retirement.

For more information, visit www.BuyAPension.com, or contact BuyAPension.com at:

College & Metcalf Plaza
7027 West 110th Street
Overland Park, Kansas 66210
(877) 651-4626

About BuyAPension.com

BuyAPension.com was formed in 2008 as an annuity company to serve the ever-expanding retirement income needs of Baby Boomers and their parents. Planning for income in retirement presents many challenges, and investments products are often complex; therefore, it is our goal to provide simple solutions and to explain these solutions.