tiaa cref annuities tiaa retirement annuity accounts

The purchase of a pension is a very special opportunity to acquire a real estate. While the previous owner sold the object to the buyer and not immediately get the full purchase price, but a monthly pension in return. This monthly payment can either in the form of a time pension or a lifelong life annuity, be combined if necessary with a corresponding payment. In addition, receives the previous owner to request a right of abode for the specified duration of the contract and must not leave his familiar environment. Thus, the seller has the security of regular income as well as an accommodation and the buyer Gets the chance, without a real estate to acquire large capital outlay. In other countries such as France or the United States, the retirement of own real estate is already considered common method of pension schemes. In this country, this option has however still huge development potential.

What are the benefits?

The advantages of retirement purchase for the buyer are clearly obvious, because the cost of capital is relatively small. Should set a one-off payment at the beginning, this is still very low normally and can settle himself may even from the own assets. Of course the costs depend on the amount of the pension, the previous owner to receive. It was but a life tenancy agreed the pension to the so-called share of commercial value can be reduced. These are the equivalent for the use of the property, which significantly reduces the costs for the buyer in the normal case. Also there is also the possibility to sign an agreement on the maintenance of the property with the seller. This allows to prevent that the object will be pampering during the duration of the housing. Thus, basically to get planning security and real estate at the end of the housing itself use or rent. Is the object also bought as an investment, is the ability to make tax building depreciation, as well as the income portion of the body pension payment. As a seller, you can enjoy the advantage of being able to take an old-age pension in the form of an annuity, as well as a right of abode claims.