New York, NY (PRWEB) July 26, 2013
Resource4Retirement.com was awarded the "Best of the Best" by Follow Media Consulting, Inc. for excellence in the field of Deferred Annuity. Resource4Retirement.com is an excellent online educational portal for consumers looking for retirement planning information or financial education.
Annuities are one of the most debated products in the financial services industry. Many experts like them and many don’t. This is in part due to the fact that many people don’t fully understand them. First off, an annuity is a contract between a client and the insurance company. In return for a deposit, or premium, the insurance company promises to provide certain benefits. Like most things in today’s world, clients can customize a contract to fit their specific needs. And if one is maxed out on qualified plans or need to catch up on retirement, annuities can be a great way to accomplish goals.
Deferred annuity is a product designed to provide income at some point in the future. One might purchase an annuity to provide income in retirement which might be up to 15 years down the road. Deferred annuities have two phases; an accumulation period and a payout period. While a client is in the accumulation period, their annuity is growing tax-deferred; they won’t pay taxes until they transition into the payout period and begin receiving income. Deferred annuities are funded with either a single premium or one might use a flexible premium annuity where they can deposit additional premiums whenever they like.
Resource4Retirement.com is an industry leader focusing on educating consumers in retirement or about to enter retirement. Based in Minnesota, their brand is specifically geared towards education the boomer generation on all things financial. Visit their website at http://resource4retirement.com/deferredannuity/ to learn more about Deferred Annuity.
About Follow Media Consulting, Inc.
Named one of the best SEO companies by Jonas Marketing, Follow Media Consulting, Inc. is a rapidly growing worldwide firm of SEO, Social Media, and Mobile Marketing Professionals. Follow Media Consulting, Inc. headquarters is located in Richmond, VA. However, our professional team is networked across the world, with regional offices across the United States, in the United Kingdom, Canada, Australia, France, South Africa, the Philippines, and India.