Hello Everyone,

I have been researching annuities recently and I have a few questions. I am not interested in qualified retirement annuities with age restrictions on withdrawls and penalties. My goal is to have guaranteed monthly income and a check come to my door every month regardless of what happens. True passive income. I am slowly building a portfolio of dividend stocks, but I would like to balance this with annuity income.

My questions are:

1. Do any companies sell non-qualified (not for retirement) immediate (payments start right away) annuities to individuals that are in their twenties?

2. Is it possible to buy a contract for $1000 or less?

3. Will they mail the check to my door or do I have to initiate a withdrawl.

Thank you,

R

Maybe. However, given your age, the payments would be really (really really) low.



$1000 up-front price? Or $1000 per month? I doubt you could find anything for $1000 up front; it would cost the insurance company more than that to set it up, it just wouldn't be worth their time.



I'm sure they would mail you a check every month or even do direct deposit.

Yes these people are right on here, you would get very little with a $1,000 thats too small of an investment to start with. As an Investment Advisor and licensed annuities insurance agent I work with a broker that specializes in annuities, I could ask them for you if you want. One annuity out right now pays a 7% interest rate guaranteed for 10 years then you can take income from it for the rest of your life. If your interested email me here: mgoldberg@goldbergfinancialLLC.com

and I can get you some clear answers.