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There are two main categories of retirement annuities, immediate annuities pay out immediately after first investment and deferred annuity accumulates money over time.

Average retirement income is dependent on a variety of factors, and the best way to calculate this is to take stock of your present life. If your average over the last one or two years has been steady, you can easily consider the future value of that amount at the age of 60, and accordingly set out to plan and take stock of your retirement options

There are seven states - Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming, where there is no tax on personal income. New Hampshire and Tennessee only collect taxes on interest and dividend incomes. In 36 states around the country, retirees are allowed to exclude all or part of their retirement income from their taxable income.

You cannot put all your eggs in one basket if you want to earn a high-income retirement fund. You need to invest in different asset classes such as stocks, bonds, and cash. Investing in diversity ensures that you keep some safe investments and get high returns from risky investments. When the scales are balanced, you will be able to ensure your fin

Traditionally, the full benefit age was 65, and early retirement benefits were first available at age 62, with a permanent reduction to 80 percent of the full benefit amount. Currently, the full benefit age is 66 for people born in 1943-1954, and it will gradually rise to 67 for those born in 1960 or later.

For a high-income retirement fund, you need to ensure that you have enough basics on investing because a simple savings fund will not get you enough. You need to sign up for higher income investments and make sure that the interest accruals are reinvested as well. You may need to choose a few risky investments to up your funds so that you can inves