Study confirms harms of anabolic steroid abuse (Reuters)

Reuters - Male bodybuilders who take muscle-building anabolic steroids risk sexual problems, reduced fertility and heart trouble, a study confirms.

Given the current scenario of the economy, it is quite normal to try and balance your future investments with current livable income. When it comes to retirement planning, most retirement plans allow you contribute money to the plan for a set period of time. However, there is one plan that takes care not just of your future but also of your present, and it is known as split annuity.

You can buy an annuity from an insurance company where you can opt to receive cash on a monthly basis or allow it grow tax-deferred. There are many different types of annuities and some of them are immediate annuities, tax-deferred annuities, split annuities, college annuities and charitable gift annuities. Each type of annuity has its own benefits and features. You can choose one depending on what your financial goals are.

A split annuity is actually a combination of a single premium immediate annuity and a single premium deferred annuity. You will receive regular payments regardless of what the market conditions are and these payments may be either quarterly, semi-annually or annually. You would have to pay taxes on the amount you receive depending on which tax bracket you fall under.

The other part of this annuity is tax-deferred and your money grows based on pre-determined interest rate. Usually the interest rate is fixed for a certain period of time after which it is reviewed and a new time period is set.

The reason why people should opt for this type of annuity is that they pay you the principal and interest on a portion of the money and thereafter the balance money grows at an interest rate which the insurance company is willing to pay. The other advantage to this type of annuity is the death benefit. If you pass away, your beneficiaries will receive the rewards of the annuity.

About Author:

Pauline Go is a professional writer for many website like babyboomercaretaker.com. She also writes other great articles like Social Security And Government Retirement Benefits, Baby Boomers Aging Needs and Ten Most Popular Cosmetic Surgical Procedures.