How do you anticipate spending your retirement? Exploring new passions, spending more time with family and friends, volunteering, traveling? An annuity may be able to help.
Why purchase an annuity?
You may consider an annuity as your primary source of retirement income, as a supplement to an existing IRA you own, or to bolster your income from a retirement plan offered through your employer.
An annuity can help you accumulate assets and provide multiple options for taking retirement income – including the option to receive a steady stream of guaranteed income for life – so you can make the most of your well-deserved retirement years.
Unlike other retirement options, annuities are not subject to IRS contribution limits (although certain contracts may have a maximum limit) – a good fit if you’ve maxed out your 401(k) or other retirement vehicles.
An immediate annuity offers the opportunity to generate a guaranteed stream of income, starting within a year after purchase. It’s an easy way to generate a guaranteed source of income to meet your routine expenses, or to assure that your retirement savings last as long as you do.
Fixed deferred annuities
Fixed deferred annuities offer guaranteed growth at a specific interest rate, making them a lower-risk, predictable investment.
Fixed indexed deferred annuities
Fixed indexed deferred annuities offer the opportunity to earn interest linked to the changes in performance of an index, allowing you to potentially earn higher interest than you would with many fixed interest products.
Variable deferred annuities
Variable deferred annuities offer the ability to invest your contributions in variable investment options, making them a good fit for those who want market participation and are prepared to face market risk.