Compare different annuity options to make informed financial decisions
Input Parameters
Option 1
Option 2
When thinking about retirement, some people want a high-level of confidence that certain financial needs can be addressed on a monthly or yearly basis. That's where a financial tool called an annuity can help. Use the calculator to start to learn the basic differences between an immediate and deferred annuity.
Comparison Results
Option 1
Value of Annuity at Time of Payout:$0
Projected Annual Payout:$0
Option 2
Value of Annuity at Time of Payout:$0
Projected Annual Payout:$0
Seeing how two annuities work is the first step in evaluating whether you'd like to see if one might fit your needs. It's important to remember that the guarantees of an annuity contract depend on the issuing company's claims-paying ability. Annuities have contract limitations, fees, and charges, including account and administrative fees, underlying investment management fees, mortality and expense fees, and charges for optional benefits.
Most annuities have surrender fees that are usually highest if you take out the money in the initial years of the annuity contract. Withdrawals and income payments are taxed as ordinary income. If a withdrawal is made prior to age 59½, a 10% federal income tax penalty may apply (unless an exception applies).
