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Annuities and Retirement Planning
Annuities are an important part of any retirement plan because they are safe, secure and risk free. An annuity allows you to accumulate funds for retirement on a tax-deferred basis, and upon retirement you’ll receive income from the annuity that can be guaranteed by the insurer to last either a fixed number of years, or as long as you live and your spouse can be included.
Like any investment vehicle, annuities have both their benefits and their disadvantages. Certain annuity types are better than others, but in general, the decision on whether an annuity is right for your retirement portfolio will depend on your particular financial profile. Consider the following benefits and downsides of annuity investment:
- Lifetime Income Stream, Regardless of How Long You Live, You Cannot Ever Outlive Your Money
- Tax-Deferred Growth
- Competitive Fixed Interest Rates
- Protection Against Market Downturns, Your Funds are Guaranteed
- Death Benefit Options
- Access to Your Money
How Annuities Work
Our website will give you a solid foundation about annuities and will help you understand how they work, but in practice the choice of an annuity and an annuity contract can be tricky. Today, most insurance companies offer custom-tailored annuities for every imaginable financial situation. Are you married, widowed, or divorced? What is your investment risk-tolerance? How diversified is your retirement savings? Do you own your own home? Do you run your own business? Answers to these questions ultimately determine which annuity is best for you. We invite you to look around our site, and then call us today to get a Free safe money Guide & Personalized Annuity Quote – the best and fastest way to see for yourself whether an annuity is right for you!
Do you leave your retirement to chance? To hope and pray? The answer of course is obvious, planning is essential. Over the last 10 years the Financial Services industry has identified Income Planning as the most important and needed planning for the Baby Boomer generation. Fortunately, there are financial advisors now who specialize in “Retirement Financial Planning,” specifically Income Planning.
Instead of looking at your funds as the need for financial planning, consider retirement financial planning. In simpler terms, how much income can you generate form your accounts while reducing risk and protecting yourself from inflation concerns. Believe it or not, planning with a focus on income is available and very possible.
Over the past ten years there have been new products that are designed for income that guarantee income for as long as you live, regardless of how long you live. The concept is simple you allow a larger entity to accept the responsibility for performance of your important retirement income while at the same time providing strong and dependable guarantees.
Retirement Income Planning might be exactly your answer to concerns about income, inflation and a solid interesting retirement.