Annuities
An annuity is a piece of the retirement plan for people who want protection from market risk. They could provide access to market gains and protection from market downturns, a guaranteed lifetime income stream, or even compound annual growth without market risk. Annuities are designed to provide safety and security for your pre and post retirement and savings accounts, while offering tax deferral benefits and protecting your hard-earned assets for loved ones in case of premature death.
Types of Annuities
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Immediate Annuities
The most basic form of an annuity, where you make a single lump sum contribution and receive regular payouts for life or a specific period of time. -
Deferred Annuities
These annuities also provide a guaranteed lifetime income stream at a predetermined future start date in return for a lump sum contribution. Deferred Annuities will grow based on a declared interest rate until the income stream begins. -
Fixed Index Annuities
A fixed index annuity is a great vehicle for people who want to protect their hard earned savings and retirement accounts while having the opportunity to participate in market gains but not in any market losses. These can provide an opportunity for safe, secure, tax-deferred growth and can even provide a lifetime income stream. -
Variable Annuities
These are investment products and the value of your account will fluctuate depending on the available investment options you've chosen to allocate your funds to. -
Multi-Year Guarantee Annuities
These annuities provide compound growth based on a declared interest rate each year for the term of the annuity. Terms range from 2-5+ years.
Why Consider an Annuity?
Annuities provide safety, long-term growth, and can offer a stable source of lifetime income. They allow pre-retirees to protect their retirement assets from market downturns before entering retirement; they can also set up retirees to receive a secure lifetime income stream, protecting them against outliving their retirement savings. Annuities also provide tax deferred benefits.
Are you concerned about how to protect your retirement assets? Do you have assets you’d like to protect and pass on to loved ones? If yes, then contact our team at [email protected] to learn more!