Annuities: A Great Way To Secure Your Retirement
Helping You Prepare
Are you prepared for retirement? Whether you're just starting to plan, nearing the beginning of your retirement years, or already enjoying them, annuities can serve as both a savings tool and a source of retirement income.
They offer a variety of options to help you grow and safeguard your income, designed to meet your specific needs.
Why Annuities? Annuities can guarantee that you will never outlive your retirement savings.
Your Retirement Income Shield
Protecting retirement with annuities offers both financial security and peace of mind. Statistics indicate that having a reliable safety net and a clear financial plan makes people happier. With predictable income and protection from market changes, retirees can focus on what truly matters, enjoying their golden years without worrying about financial instability.
Understanding Annuities
What is an Annuity? An annuity is a contract between you and an insurance company. By utilizing an annuity, you can create a retirement strategy tailored to your personal goals and dreams.
What Is a Fixed Annuity? A fixed annuity offers a guaranteed interest rate for a specified period (deferred) or a fixed income (immediate or deferred).
What Is an Index Annuity? An index annuity links your investment growth to a stock market index like the S&P 500. This allows your money to grow with the market while protecting your principal from losses if the market declines, offering both growth potential and security.
Research indicates that Annuities reduce the risk of outliving one's savings by up to 33%
Consider an annuity as a personalized retirement strategy designed to help your money grow and last longer during retirement. Your savings can grow more quickly because you don't pay taxes on earnings until you withdraw or take distributions. While there are various types of annuities, they all share common benefits, such as:
1. Help you accumulate money for retirement through tax deferral.
2. Provide monthly income that can be guaranteed to last for as long as you live.
3. Offer a way to transfer money to loved ones or a charity that is important to you.
