Retirement annuities can be calculated with the help of annuity calculators. Retirement annuity also covers medical expenses. Though they are tax-deferred annuity, existences of hidden clauses are highly plausible. You may have to pay tax for the amount that you will receive after maturation of the annuity plan. There are two kinds of retirement annuity plan:Fixed retirement annuity - With fixed retirement annuity a fixed monthly income is ensured.
- Variable retirement annuity – you can rise to unknown market heights with variable retirement annuity plan. As this plan is subjected to the market condition involvement of risk factor cannot be denied. Market condition at that point of the time will determine the interest you would receive.
The author, Aalina Jones here provides smart suggestions on retirement annuity. This article will certainly help people gather plenty of information regarding annuities.