A single premium immediate annuity (SPIA) is one of the simplest types of annuity contracts. ... If you use a SPIA with a fixed interest rate, your future income is not based on the market.

Single Premium Immediate Annuity. ... Annuity rate of return is classified one of three ways—variable, fixed and index. Annuities may be further classified by how long their payments last: ...

An immediate annuity is essentially a contract between you and an insurance company. You provide the insurer with a lump sum ...

Tomlinson gave this example comparing payouts for a SPIA vs. a FIA: For a 65-year-old female and a $100,000 purchase, highly rated insurers offer SPIAs paying about $533 per month for life.

Continue reading ->The post What Is a Single Premium Immediate Annuity (SPIA)? appeared first on SmartAsset Blog. Whether you’re a seasoned investor or just getting your feet wet, there's a good ...

A single premium immediate annuity (SPIA) is one of the simplest types of annuity contracts. ... If you use a SPIA with a fixed interest rate, your future income is not based on the market.

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Combining fixed and variable annuities can provide a reliable and flexible source of retirement income, though the strategy ...

Fixed Annuity: Your annuity earns a fixed rate over a set period of time. ... If you chose to fund your annuity all at once, this is called an immediate annuity, income annuity or SPIA.

Fixed indexed annuities "A Fixed Indexed Annuity (FIA) is a deferred annuity that offers more opportunity for protected growth than a traditional fixed annuity," said Stork.

A single premium immediate annuity (SPIA) is one of the simplest types of annuity contracts. ... If you use a SPIA with a fixed interest rate, your future income is not based on the market.

A single premium immediate annuity (SPIA) is one of the simplest types of annuity contracts. With a SPIA, you make a single large deposit with an annuity company and your ...