Archive for August 16th, 2012
Have you ever thought about what to do with your retirement pay when you retire from your work? I heard some people say they will put up a business, or they will open a time deposit account, or they will use the money to spend and enjoy life. Honestly i’m one of those people who would like to spend my retirement pay to travel and have the luxury of time to relax and enjoy. But i will do that only if my kids’ are already finished with their studies and have their own careers.
Another great way to secure your retirement is to get annuity insurance. This type of insurance is a way to provide a guaranteed income in retirement. You buy the annuity with your pension fund, and this is turned into a guaranteed regular monthly income for the rest of your life.
But you don’t have to use all your pension savings to buy your annuity. Just use part of your fund to generate an income, while leaving the rest invested in the stock market or any other type of business or for personal expenditures.
To understand more about annuity insurance, request for annuity quotes online now and ask how you can plan your retirement. The insurance providers can help you understand your savings and explain the options you have to provide an income in retirement.