Annuitization Phase

Annuitization Phase
The period when the annuitant starts to receive payments from the annuity. This period is after the accumulation phase where money is invested into the annuity.
When one retires they often rely on their savings as a source of income, after retirement annuities are rolled over from the accumulation phase to the annuitization phase, providing income for retirees. The more that was originally invested into the annuity, the more that will be received when the annuity is paid out.
Introductory Tour through Retirement Plans - Here you will find tutorials that are each devoted to one the most common retirement plans, explaining how to establish, fund, and then take distributions from it. Determining Your Post-Work Income - Setting a target amount is the first step. We show you how to calculate your goal and how to reach it. Passing the Buck: The Hidden Costs of Annuities - These may look like good retirement vehicles, but beware of fees buried in the fine print.