The age of the glorious retirement dinner, gold watch and lifetime pension has passed. Now retirement can be characterized as an event you prepare for starting in your 30s. Some even begin preparing right out of college. And forget the image of a retiree golfing and lounging about all day – some retirees are opening new businesses, some volunteer and others spend their retirement traveling. This “new retirement” has people scrambling, because with these lifestyle options comes the need for safer, more stable income. Without the traditional pension to fall back on, Americans are looking for other options to provide financial freedom. One option, the retirement annuity, provides the freedom of guaranteed lifetime income, no matter what retirement ends up being for you.

Life expectancies have almost doubled since the 1900s, making retirement practically a second adulthood. During this second adulthood, many retirees are not content to just sit around and watch TV – they want to interact with the world. That’s why a retirement annuity can be so attractive to these “second” adults. Freedom from worrying about investments, a check every month and the peace of mind in knowing those income payments are guaranteed by some of the largest and most financially sound insurance companies in the country sounds like the perfect way to fund a second adulthood.

It’s useful to sort out why you want to buy an annuity in the first place. If you are going to continue working and don’t need monthly income, then perhaps a retirement annuity is not right for you. But if you are ready to start your second adulthood, job free, a retirement annuity probably makes sense for you.

To purchase a retirement annuity also called immediate annuities, first gather quotes from a number of insurance companies. The monthly income you will be quoted depends on a few things: first, your age and how much premium you will be depositing to purchase a retirement annuity? If you want to add any special features to the annuity, such as joint and survivor benefits, or period certain benefits, which guarantee that you (or your heirs) will receive payments for a specified number of years, then your monthly amount will be lowered.

Want to learn more about retirement annuities? BuyAnnuitiesOnline.com offers a comprehensive overview of retirement (immediate) annuities. Also, be sure to call the Annuity Specialists at 1-800-994-3023 for a complete retirement annuity quote line-up. Let us help you start on your journey to a second adulthood – without financial worry.