30 Mechanic Street
Suite 5Foxborough, MA 02035

Insurance professionals that have your back

Call Us 508-543-1067


We are happy to assist you in selecting the best coverage.

Get a Quote

Personal Lines

We get you the right coverage for the right price.

Get a Quote

Life & Health

We offer free quotes and dedicated personal service.

Get a Quote
Home » Future Considerations
November 17, 2015

Future Considerations

Investors concerned about outliving their money may be drawn to an investment vehicle known as a “longevity annuity.” Also known as a “deferred income annuity,” this investment requires a lump-sum payment in return for monthly lifetime income that begins at some future date. The payout, which typically begins at age 80 or so, is used as a supplemental retirement investment and helps hedge against the risk of outliving one’s money. If IRA funds are used to purchase a longevity annuity that meets certain IRS guidelines, up to $125,000 of its cost (or 25% of the account balance, whichever is less) will not be used to calculate minimum distributions that must be taken from a retirement account at age 70.5.


Leave a Reply

Your email address will not be published. Required fields are marked *