Services: Annuities
Annuities For Retirement
Annuities For Retirement
An annuity for retirement can offer guaranteed* income protection and possibly ensure don’t run out of money in retirement. Even in the event of a stock market decline, your money will remain protected–with the correct kind of annuity contract. All the while, you can receive reasonable rates of return** on your contributions.
Retirement strategies are not “one-size-fits-all.” Everybody’s financial circumstances are a bit differemt. Because of this, each person requires unique options tailored to their needs. Get in touch with us; we can help you get informed, so that you can hopefully select the options that are best suited to you. Where is the best place to keep your retirement money money? Could annuities for retirement be an option for you? We can assist you in making the decision.
Misconceptions About Annuities For Retirement
Annuities are the subject of numerous myths and misconceptions. Why do some financial professionals think they’re bad? You may have heard them say as much. To begin with, a lot of brokers profit more from managing your money in the stock market, moreso than they would by selling you an annuity. Thus, it’s better for them if you leave your money in the market. Another important distinction is that there are different types of annuities, and some may be more helpful to your situation than others.
Some types of annuities expose your money to risk, as it’s invested in the stock market and could lose value in the event of a drop. However, there are other types of annuities that can offer guaranteed* protection, no matter what happens in the market. And these are the type that we focus on. A fixed indexed annuity (FIA) can offer you both guaranteed* principal protection, and indexed interest at a reasonable rate of return.** For some, this combination of benefits makes an annuity the perfect retirement option for them.
Annuities Then Vs Now
When it comes to annuities, your options were once much more limit. Certain products had lower interest rates, but protected your principal contribution. Some offered higher rates, but came with risk. Neither of those options is particularly advantageous. But now, there are more options available. An FIA can provide both protection and a reasonable rate of return,** and other benefits, such as certain tax advantages. To find out more about if annuities for retirement could be right for you, get in contact with us.