{"id":122,"date":"2010-11-02T10:09:02","date_gmt":"2010-11-02T15:09:02","guid":{"rendered":"http:\/\/www.lifeannuities.com\/blog\/?p=122"},"modified":"2010-11-02T10:10:00","modified_gmt":"2010-11-02T15:10:00","slug":"how-do-annuities-work","status":"publish","type":"post","link":"https:\/\/lifeannuities.com\/blog\/retirement\/how-do-annuities-work","title":{"rendered":"How do annuities work?"},"content":{"rendered":"<div><span style=\"font-family: Arial; font-size: medium;\"><a href=\"http:\/\/money.cnn.com\/2010\/10\/28\/pf\/expert\/investing_annuities.moneymag\/\">This article<\/a> from CNN Money highlights the great problem facing  life annuity or annuity buyers today.<\/span><\/div>\n<div><span style=\"font-family: Arial; font-size: medium;\"><a href=\"http:\/\/www.lifeannuities.com\/blog\/wp-content\/uploads\/2010\/11\/iStock_000004435334Small.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-thumbnail wp-image-123\" title=\"How do annuities work\" src=\"http:\/\/www.lifeannuities.com\/blog\/wp-content\/uploads\/2010\/11\/iStock_000004435334Small-150x150.jpg\" alt=\"\" width=\"150\" height=\"150\" \/><\/a>If this was a straightforward life annuity you  would know what you have; you would have paid the life annuity company X dollars  and would be receiving Y dollars per month. The deal is settled and you don&#8217;t  care if the stock market goes up or down.<\/span><\/div>\n<div><span style=\"font-family: Arial; font-size: medium;\">But when it comes to an annuity or annuities which  are not really annuities but in fact are investments,you are talking about a  whole different ball of wax.<\/span><\/div>\n<div><span style=\"font-family: Arial; font-size: medium;\">And as investments they are tied to the performance  of the stock market,the CD market or both.And to add two final complications,you  can have different guarantee periods in the same contract along with large  transfer fees.<\/span><\/div>\n<div><span style=\"font-family: Arial; font-size: medium;\">You ask, how can I figure this out? The answer is  that you can&#8217;t. There are so many differing future scenarios that it is  impossible to know what the result will be.The only fact you can rely on is that  if you try to move your money,the fees will be large.So don&#8217;t confuse these  investments with life annuities where your income is guaranteed, no matter what  happens.<\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>This article from CNN Money highlights the great problem facing life annuity or annuity buyers today. If this was a[&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-122","post","type-post","status-publish","format-standard","hentry","category-retirement"],"_links":{"self":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/comments?post=122"}],"version-history":[{"count":2,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/122\/revisions"}],"predecessor-version":[{"id":125,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/122\/revisions\/125"}],"wp:attachment":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/media?parent=122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/categories?post=122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/tags?post=122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}