Annuities
Annuity For Retirement
An annuity for retirement can offer guaranteed* income protection—helping reduce the risk of outliving your savings. Even during market downturns, the right type of annuity contract may protect your money while still allowing for reasonable growth over time.
Retirement planning isn’t one-size-fits-all. Everyone has different goals, risk tolerance, and financial circumstances. That’s why it’s important to explore solutions that match your unique needs. Could an annuity be a smart way to safeguard your retirement funds? We’re here to help you understand your options and decide what fits best for you.
Myths And Misconceptions About Choosing Annuity For Retirement
There’s a lot of confusion surrounding annuities. Some financial professionals may discourage them—not necessarily because annuities are bad, but because many financial professionals profit more from market-based investments. It’s also important to note: not all annuities are the same.
Variable annuities can offer strong growth potential, but they come with market risk. Fixed annuities protect your principal, but often come with lower returns. A fixed indexed annuity (FIA) combines elements of both—providing income protection along with interest based on market performance, without suffering losses even during market downturns. For many, a fixed indexed annuity for retirement strikes the ideal balance. The “best of both worlds.”
Annuities Then Vs Now
In the past, annuities were more limited. You often had to choose between safety and potential growth. Today’s annuities—especially FIAs—can offer both benefits. Along with guaranteed* protection and potential interest growth, many come with added tax advantages. If you’re asking yourself where your retirement money will be safest and most productive, consider looking into an annuity for retirement. With the right plan, you can gain confidence and clarity for your financial future.