Annuities
Annuities For Retirement
WE'RE HERE TO HELP YOU LEARN
Annuities For Retirement
An annuity for retirement may be able to provide guaranteed* income protection and help you avoid running out of money in retirement. Even if the stock market falls, your money is safe with the right type of annuity contract. All the while, you can earn reasonable rates of return** on your money.
Retirement strategies are not “one-size-fits-all.” Everyone’s financial situation is unique, so each person requires options that are tailored to their specific needs. Contact us; we can help you become more knowledgeable so that you can make the best decisions for yourself. Where is the best place to keep your retirement money? Could an annuity be a good option for you? We can help you find out.
Myths And Misconceptions About Choosing Annuities For Retirement
Annuities are the source of numerous myths and misconceptions.
Why do some financial professionals think they’re bad? You may have overheard them say this. To begin, many brokers profit more from managing your money in the stock market than they would from selling you an annuity. As a result, it is beneficial to them if you keep your money in the market. Another important consideration is that there are various types of annuities, and some may be more advantageous to your situation than others.
A variable annuity provides high returns, but you risk losing your cash value if the market falls. In contrast, a fixed annuity protects your cash value, but may provide diminishing returns, as the interest rate cannot increase. Finally, a fixed indexed annuity (FIA) provides the advantages of both guaranteed* income protection and indexed interest at a reasonable rate of return.** For some people, a fixed indexed annuity for retirement offers the best of both worlds. Furthermore, an annuity provides additional benefits. For example, certain tax benefits.
