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Immediate Annuity Calculator
An immediate annuity is a product sold by insurance companies that is designed to provide you with an income stream for life. The income, by definition, is designed to start immediately, although some immediate annuities allow you to defer payments for up to one year. It is very important to remember that once you set up an immediate annuity, you no longer control the money you put in it. Likewise, while the income stream is guaranteed for your lifetime, an untimely death will not result in any money being returned to your estate. This calculator is designed to help you estimate your monthly payments from an immediate annuity.
Wiki User
∙ 13y ago
Wiki User
∙ 12y agoIf you are retired or nearing retirement age, you might know about annuity investments that guarantee a fixed income for the rest of your life. Investing in an annuity, however, requires that you first pay a large sum of money, called a premium, in exchange for the lifetime annuity income. It is important to bear in mind that, unlike other types of investments, there are no eligible heirs that can receive the annuity investment income after the investor dies, because annuity income ends at the time of death.
You can use a free online annuity calculatorSince annuity investment premiums often involve large amounts of money, you need to understand the exact amount of monetary income you can expect to receive. An immediate annuity calculator can help you to determine the total amount of your monthly income payments. There are several websites that provide free online immediate annuity calculators to help people understand their monthly payments.
How to use a free online annuity calculatorImmediate annuity calculators are easy to use. All you need to do is enter the annuity investment amount, the annual interest rate, the number of years for the investor's life expectancy and whether the payments are monthly, quarterly or annually. An immediate annuity calculator helps an annuity investor to plan ahead.
If you are considering the possibility of investing in an annuity, it is a good idea to talk this over with a financial planner you trust before you sign any contracts. This prevents any future misunderstandings about how annuities work and how the payments are calculated.Investing in an annuity without using an immediate annuity calculator means that the investor is not able to stay informed about how much income to expect. An investor who invests money in any type of investment involving interest rates or dividends needs to understand the interest or dividend rate in order to comprehend the total rate of return.
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what is an immediate annuity calculator?
An immediate annuity calculator will help determine your income when your annuity comes due. Find a reputable place to help plan your future. www.fidelity.com is a good place to reserach.
Where can I find a great immediate annuity calculator?
YOu can go to the folllowing website to get a great immediate annuity calculator to help you with your new home purchase http://www.immediateannuities.com/
Can I use an immediate annuity calculator to calculate how much I will have for my retirement?
An imeediate annuity calculator are for people who are interested in immediate annuities. I would assume that you could use this calculator to calculate how much you will have for your retirement.
Where might one find a calculator for immediate annuity?
There are a variety of ways that someone can find a calculator for immediate annuity. Some of these places are; Forbes, Find, Immediate Annuities and Mini Web Tool.
Is there a free calculator for immediate annuity?
I also found these websites that offer online calculators; www.freeannuityrates.com/annuities/calculators/annuitycalculators and www.money-zine.com/Calculators/...Calculators/Immediate-Annuity.
What does an immediate annuity calculator allow a person to determine?
A Fixed Annuity can provide a very secure, tax deferred investment. It can provide a guaranteed minimum interest rate, with no taxes due on any earnings until they are withdrawn from the account. Use this annuity calculator to help you determine how a Fixed Annuity might fit into your retirement plan.
Using An Immediate Annuity Calculator?
An immediate annuity is a type of investment that provides income for a specified number of years for an individual or a beneficiary and may be purchased at any time. However, prior to establishing this type of investment fund, it is necessary for an individual to determine if this type of annuity is the most advantageous method of saving for future needs and supplemental income. By utilizing an immediate annuity calculator, an individual can easily find out the value of current funds and the future investment growth potential of those funds using minimal information.Information Necessary When Using An Immediate Annuity CalculatorIn order to use an immediate annuity calculator, an individual must know the amount of money to be initially invested into the immediate annuity. This monetary value cannot be changed once it is established with the insurance company and is elemental to the calculations as the future fund value and payments depend on the initial investment amount. The second value necessary for using an immediate annuity calculator is the estimated life expectancy or the investor or the total number of years payment is to be made from the fund. Additionally, in order to effectively use an immediate annuity calculator, an investor must determine how often payments are to be issued from the fund. Normally, payments are made on either a monthly, quarterly, or yearly basis to the investor or fund beneficiary designated by the investor. Finally, the last piece of information needed to accurately estimate the future value for an immediate annuity fund is the Annual Rate of Return expected to be paid on the investment as this number is key to future fund value.Planning For The FuturePlanning for the future is an important decision for every individual, and immediate annuities are sound investment options. Prior to establishing an immediate annuity fund, it is a good idea to use an immediate annuity calculator to determine the investment amount necessary to yield the desired future income. Because very little information is needed to complete the calculations, it is a fast and easy investment tool when determining future monetary needs and payment amounts.
Where can one find an online calculator that will give an immediate quote on an annuity?
The website for Immediate Annuities offers an online calculator that will give you a quote immediately. This company also gives you the option to call them for a quote at 1-800-872-6684.
Variable Annuity Calculator?
Variable Annuity Calculator Contributing to a Variable Annuity creates long term tax-deferred growth. Use this calculator to see how a Variable Annuity might fit into your retirement plan.
Where can i find an immediate annuity calculator?
Its best to look on the net to find such calculator. They usually come in many different formats so some may be better then others in terms of useability.
What does an annuity calculator do?
This type of calculator gives you the annual payment of annuity. If you don`t know what annuity is, then this won't help you out very much. But I hope that it will.
What is immediate annuity and what is it used for?
An immediate annuity is something that will give you a stream of income for life. You can purchase them from insurance companies. They are great because even if you live to be 120 years old you will still get payments.
