AnnuitiesPeople are living longer, healthier lives. Living longer can cause worries, such as outliving your money. Social Security and company pension plans may not provide enough income to live the way you want. Therefore, you may need to use your savings to supplement your income. Will your savings last for as long as you need it to? An annuity allows you to accumulate tax-deferred funds for retirement and then, if you desire, receive a guaranteed income payable for life or for a specified period of time.
Some advantages of annuities include:
- Tax Deferral - taxes are deferred on annuities until the funds are withdrawn.
- 100% guarantee of principal- you don't have to worry what the stock market does.
- Secure - the annuity value is guaranteed and protected.
- Lifetime Income - can offer an opportunity for guaranteed income payments for the rest of your life. A predictable stream of income that cannot be outlived.
- Probate Avoidance - benefits can be paid directly to a beneficiary so they avoid the probate process
There are many options available, please contact us to discuss your needs so you can enjoy your retirement.