Wednesday, January 5, 2011

Investment Calculators


Here’s a handy tool – a savings-investment calculator:

Another interesting tool is this

Immediate Annuity Calculator

Calculate monthly income or initial deposit with one click!
Immediate Annuity Calculator

What Is An Immediate Annuity - An immediate annuity can be summarized as an investment with an insurance company that does not guarantee a specific rate of return but rather a lifetime of income that begins as early as one month after purchase and will last until death.  Immediate Annuities are used mostly for retirement purposes as a way to provide another source of guaranteed lifetime income.  When purchasing an Immediate Annuity there are several common payout options to choose from.

Straight Life Payout - Pays the purchaser a monthly sum of income until the purchaser’s death (highest monthly payout)

Joint Life Payout - Pays the purchaser and spouse a sum of income until the last spouse is deceased.

Life or (Joint Life) with Period Certain (5, 10, or 20) - Pays for as long as the purchaser (or purchaser's spouse if joint life is chosen) is alive with a minimum of 5, 10, or 20 years (depending upon period certain option) should the purchaser die prior to the period certain option.  Period certain options are most common in the immediate annuity world, because they provide some level of protection for beneficiaries.

You can find so much interesting financial info online these days. ~ Michele


Post a Comment