Retirement is a phase that comes in the life of every person. We get old with time and strive to make enough savings to support ourselves financially in our old age. There are many important decisions that you need to make and among them the most important one is regarding lump sum annuity option. Well, you need to know if you wish to get your pension in one go or you want monthly installments at a fixed rate of interest[....]
There is a game plan that has to be devised, when going for an annuity, and that too in a crafty way, so that when the time comes you are able to extract the full benefits from it. There is always a confusion about Annuities. There are quiet a few products in the range, and it becomes a kind of solving a jigsaw puzzle, deciding which one is the best one to have.[....]
People who are in a job are always on the tenterhooks & the question that bothers them the most is: “Where they should invest or where to park their savings?”. This is a question that remains at the back of their mind because they know it very well that the time will be coming soon , when they will be retiring. Anyone who is in a job has to think of ways of creating a regular income stream over and above what they are earning from a job. This is a reality because everyone doesn’t have the kind of financial resources to fall back on after they retire. [...]
Retirement is a part of every salaried person and much before his retirement he has to decide about his structured income after retirement. It is here that Lump Sum Annuity comes into picture.
This is how this scheme works. During the tenure of service, it is just and natural that every employee saves some money for [...]