Retirement Income Center

Single premium immediate annuities (SPIAs) and deferred income annuities (DIAs) are often used to provide sustainable lifetime income to replace a portion of employment income in retirement.  Both are tax-favored when nonretirement funds are used to purchase them since a portion of each income payment is a nontaxable return of principal. The primary difference between […] The post Period Certain is Cheap Insurance on SPIAs and DIAs appeared first on Retirement Income Center.