Knowledge is power. So why not arm yourself with annuity quotes before buying an annuity?

Lately, annuities are emerging as popular savings tools. Consider Richard, who as he neared retirement became more and more nervous about making ends meet. He has decent savings, but is worried about outliving them. After all, Richard’s mother is still healthy and active at age 95. What if longevity ran in the family?

Of course, Richard is hesitant about investing his savings in the stock market. He asks his mother, who is doing very well financially, what he should do. “Buy an immediate annuity,” his mother states. “But don’t buy the first one you find! Get some annuity quotes first.”

Well, mother knows best, Richard thought as he gathered up all his financial documents. After confirming the exact amount he had in his savings account, in his 401(k) and IRA, Richard starts Googling. A quick search lands Richard on BuyAnnuitiesOnline.com. After reading testimonials and the basics of immediate annuities, he decides to bite the bullet and call for some immediate annuity quotes.

After speaking with an Annuity Specialist at BuyAnnuitiesOnline.com, Richard feels even more strongly that an immediate annuity would be right for him. The Specialist began by asking what his goals for retirement were. Then, after determining that an immediate annuity would be the right kind of annuity for Richard but before gathering annuity quotes, the Specialist asked how Richard planned on funding the annuity.

“That’s a good question,” replied Richard. “I have a savings account, a 401(k) and a Roth IRA. What should I do?”

Since he has such a large amount of money just sitting in a savings account, earning little interest, the Specialist recommends that Richard use a portion of this savings account to buy his annuity. As a bonus, Richard will not need to claim all of the income generated from the immediate annuity on his yearly tax return, only a certain percentage is considered taxable interest earnings. The Specialist tells Richard that he’ll be called back once a list of annuity quotes has been drawn up and compared.

Two hours later the Annuity Specialist calls back with a list of annuity quotes. After carefully describing the terms and conditions of each annuity quoted, Richard selects the one that seems to align the best with his goals. He has the annuity set up so payments begin 7 months down the road, exactly one month after Richard retires. He’s now looking forward to retiring, not dreading it!

If you believe that an immediate annuity would be right for you, call BuyAnnuitiesOnline.com today at 1-800-994-3023 to get your list of immediate annuity quotes.