A payout annuity is a simple retirement option you can use to create income. Inexchange for a sum of money, you receive income payments made up of interestand principal that are determined by your age (and in certain cases, yourspouse's age), current interest rates, the length of time the payments areguaranteed for and the amount of money used to purchase the annuity.
Payout annuities can offer the highest guaranteed income amount possible from an investment at the time of planning. They are an exceptional choice for an investor who wants to help cover essential expenses in retirement, prefers a guaranteed income stream, is concerned about outliving his or her savings,wants to reduce tax on investment income or subsidize early retirement income. It is also useful where an investor wants to fund a child's ongoing educational costs.
Contact us to discuss payout annuity options available that may suit your overall investment planning.
Mutual Fund Disclaimer Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual Funds are not guaranteed and are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Fund values change frequently and past performance may not be repeated. Investors should inform themselves regarding securities, taxation or applicable regulations/legislation, which may affect them personally. Investment products or strategies may not be suitable for all investors.
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