Just to give you an initial idea of what an annuity might give you, check out the table. It reflects income for people in Indiana who spend $200,000 on an immediate fixed annuity.
Qualified longevity annuity contracts, or QLACs, can be bought with IRA money (up to 25% of retirement account assets or $125,000, whichever is less). Money tied up in an IRA QLAC is ignored when ...
there’s more to the story than just the type of annuity you choose and how long you’ll receive payments. Your age and gender are also key. Insurance companies use actuarial tables to determine ...