We all get tired working in this hectic professional world today and dream of retiring early with steady cash flow to take care
of our daily expenses for life. While this may not seem possible but is also
not entirely impossible. If you have saved reasonable amount of corpus and has
passed all the major expense points of your life like children’s education,
marriage etc then by creating annuities on your corpus can help you in retiring
early.
Annuities, mentioned above, are nothing but a pension plan
with steady cash flow during your retirement years so that you don’t have to
depend upon others for your expenses. Immediate annuities are basically
opposite of a typical life insurance policy. Instead of paying regular premiums to an
insurer that makes a lump-sum payment upon your death, with an annuity you give
the insurer a lump sum of cash in return for regular income payments until you
die. Immediate annuities start paying out right away.
