Is an Annuity Right for You?
What is an Annuity? Annuities are long-term, tax-deferred vehicles designed for retirement.
Many people are living longer, healthier lives, so reliable income that lasts is essential to any retirement plan. Annuities can be structured to be a valuable part of your financial future!
Can an annuity help you reach your goals?
- Annuities can be good solutions if you need consistent income.
- Annuities can offer tax deferred growth and may provide tax savings.
- They can provide a steady stream of income that can last a lifetime.
- Guaranteed Income can reduce the concern of running out of money.
- They can provide a tax deferred legacy to your beneficiaries
“Similar to life insurance, annuities can be oversold by advisors. It’s important to understand that annuities can be expensive and complex. Also annuities can have many moving parts and high fees, so make sure your advisor has explained all of these features when buying complex investment vehicles!”
As an independent advisors we work with many Different insurance companies.
Please feel free to reach out to us for Detailed Quotes from different Annuity providers.
There are several different types of annuities, which are meant to address different stages of life and risk tolerance. While this isn’t a complete list, a few examples include variable annuities (more risk with the potential for growth), registered index-linked annuities (offers various levels of protection and options for growth), fixed-index annuities (less risk involved, with downside protection), and fixed annuities (growth potential through a fixed-rate of return).
For more information on whether an annuity is right for you please feel free to Contact Us.
