Starting with an investment of $100,000, a “split”annuity can be created that will:
- Provide an annual, fixed income for a specified period of time.
- Renew itself within the same specified period of time.
Example Of A Split Annuity
Immediate Annuity of $50,000 (will provide an annual income of $6,584)
and
Deferred Annuity of $50,000 at 7% (will grow back to $100,000)
Income From Growth Of Year Immediate Annuity Deferred Annuity
1 $6,584 $54,393
2 $6,584 $58,201
3 $6,584 $62,275
4 $6,584 $66,634
5 $6,584 $71,299
6 $6,584 $76,290
7 $6,584 $81,630
8 $6,584 $87,344
9 $6,584 $93,458
10 $6,584 $100,000