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HomeFinance4 Straight Reasons to Invest in Annuities

4 Straight Reasons to Invest in Annuities

There are a plethora of avenues available when it comes to investing, each with its corresponding unique features. Traversing through the pitfalls, advantages, and associated jargon of an investment opportunity can be a daunting task for most people. 

But according to the figures released by the Bureau of Economic Analysis(BEA), the cumulative level of investment increased by USD 244.9 billion between 2019 and 2020. Notwithstanding the challenges, an increasing number of Americans are looking for and investing their money in newer and better opportunities, such as on different types of annuities. Annuities pack several advantages over traditional avenues of investment and have steadily become popular among investors.

 

What are annuities? 

Annuities are an excellent source of investment that can bring a steady inflow of cash into your pocket. Among the different types of annuities, there are many that can yield varying levels of returns. A person needs to invest a lump sum amount to buy into an annuity plan. This investment can be made on a single occasion or over several years, as per individual capacity, and can expect receiving returns once the amount has been reached. 

 

The Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) regulate annuity offerings or products. Because of its reliability, it is widely preferred by investors looking for a steady income after retirement. But of course, there are many reasons for investing in annuities as well.

 

Security 

 

One of the greatest reasons why many people refrain from investing is market volatility, which often results in a washout of the principal investment amount. This is where annuities can prove attractive to even the most cautious of investors, as you will always have the guarantee of obtaining your principal investment. 

 

Additionally, if you select a fixed annuity, you are liable to receive a fixed percentage of payment irrespective of how the object of investment is performing. 

 

But let's say you want higher returns by investing in more flexible options. In that case, you also have the opportunity of putting your money on fixed indexed annuities, which have the security of fixed annuities along with the prospect of getting higher returns when the market is up.

Lifetime Earning Potential

 

Many studies indicate that those who have a fixed income stream after retirement are happier than people who do not have that option. The necessity of having a fixed income after retirement has never been direr, as pensions with a dependable income are becoming scarce. 

 

Many annuities provide the investor with a stream of guaranteed income for life, even after the initial investment amount has been fully returned. Annuitants can also go for joint annuity contracts whereby the investor's spouse can receive payments for their life in case of the annuitant's passing.

 

Beneficiaries 

 

Apart from a joint contract that guarantees annuity payments to your spouse after your demise, some options can enable you to name other beneficiaries after your death as well. How the funds will be doled out depends on the contract between you and the insurance company that provides the annuity. 

 

You can name multiple beneficiaries who will each get a percentage of the principal investment amount or continue receiving the same returns over a predetermined period.

 

A significant advantage of investing in annuities is that it can bypass probate if the beneficiary is named in the contract. Probate is the legal process of dividing a person's fortune as per their will, which exacts time and money.

 

Save Taxes

 

According to the IRS, Americans who filed for taxable returns paid an average income tax of USD 15,322 in 2018. To fend off paying more taxes, you need to make tax-efficient investments, such as annuities. 

 

Unlike most investments, which require yearly payment of taxes, deferred annuities can save your money from following out. When you invest in deferred annuities, the amount is securely tucked away from getting taxed until you decide to start receiving payments against the investment. When you start getting payments, an income tax will be levied on that specific revenue.

 

Annuities are a great investment opportunity, especially for post-retirement. But before investing in any annuity products, go through the terms of the contract thoroughly or have a professional look into it for you. You should also ascertain the financial condition of the company.

Can You Ship Alcohol at Home via Mail?
Can You Ship Alcohol at Home via Mail?
    Finding the right party supplies can be challenging without spending a fortune. And while people can always head to the store, it can be more fun to try something new once in a while. If folks are looking for something unique and exciting to bring to their next party, they might be shocked to learn that they can send alcohol via postal after following a few restrictions. 
 
This article answers the question of how can you ship alcohol through the mail and everything one needs to know to get started. So read on and find out how shipping drinks at home can add extra fun to your next celebration!
 
What is Alcohol, and How is It Shipped?
 
It is a type of beverage that is produced from fermented sugarcane or other plant sources. It can be shipped in any container approved by the U.S. Postal Service, such as a box, bottle, or can. Folks must package it properly to ensure it does not leak and cause a public disturbance. The shipping package should also include information about the product, such as the brand name and quantity.
 
How to Ship?
 
So can you ship alcohol via mail? Yes, you can send them via mail. However, keep these factors in mind:
 
You'll need to ensure that the package can withstand damage during shipping.
Ensure that the item is appropriately packaged and labeled to avoid any issues at the border.
Follow all the applicable state and federal regulations when shipping.
 
Contact a professional logistics provider if you have questions about shipping alcohol via mail. They can help you get your package shipped without any issues.
 
What are the Requirements for Shipping Alcohol via Mail?
 
The U.S. Postal Service (USPS) states that alcohol is not eligible for mailing and must be shipped in containers that are three-quarters full or less. These can only be shipped to addresses within the United States. Additionally, USPS prohibits this shipment via Priority Mail, Express Mail, or First Class Package Services.
 
To ship such items via mail, you will need to provide the following information to the USPS:
 
A physical address where the items will be delivered
 
The weight and volume of the items being mailed
 
The type of package being mailed (It may only be sent in a package that is labeled as containing alcoholic beverages)
 
Choose to ship your drinks via Priority Mail, Express Mail, or First Class Package Services. You must provide documentation from your liquor store certifying that the product meets government regulations and is classified as an alcoholic beverage.
 
What are the Regulations on Such Shipping?
 
There are specific regulations governing the shipment of alcohol via mail. The Federal Alcohol Administration (FAA) prohibits shipping any alcoholic beverage across state lines. In addition, shipments of more than 3.4 ounces per item will be subject to additional taxes and fees.   To ship drinks through the mail, you must obtain an FAA permit. Permits are only available for shipments that do not exceed 24 fluid ounces per package and travel no farther than your address. You should also include a copy of your state liquor authority license with your application.   Once you have obtained a permit, you must follow all the same packaging and shipping requirements as if you were shipping alcohol through a commercial carrier. Ensure all required documentation, including proof of delivery, signed paperwork, and insurance information.
 
Conclusion
 
Trying to get your drinks shipped home through the mail can be tricky. The ideal way to send alcohol via mail is by contacting a trusted logistics partner. Look for multiple services available online and choose which fits the best.   
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