Are your retirement savings protected from the ups and downs of the market? Consider an annuity to give you peace of mind.
What is an Annuity?
An annuity is a financial product that pays out fixed stream payments to you either immediately or at some point in the future. You can purchase an annuity to help grow or protect your retirement savings, or to provide you with guaranteed income. Once you own an annuity, any growth in your account may be on a tax-deferred basis while you continue to have control of your money, as needed.
Why Should I Get an Annuity?
Annuities can ensure that your retirement income is protected even when there are downturns in the market. So, no matter how your other retirement investments perform, annuities provide you with a source of protected lifetime income. Essentially, an annuity alleviates the risk of outliving your assets.
With fewer people receiving pension plans, and the uncertainty of the market, annuities can fill a critical gap in retirement. Let’s talk about your options.