Annuities
How Annuities Work
Guaranteed* annuity income can help ensure you don't end up running out of money during retirement.
The right type of annuity product can keep your money safe, even in the event of a stock market drop. All the while, still earning reasonable rates of return** on the money you contribute. Of course, provided you have the right type of annuity. Retirement strategies are not “one-size-fits-all.” Everyone has a different financial situation. As a result, everyone is in need of a different financial strategy, one suited to their needs. Reach out to us–we can help you stay informed in order to make the choices that are right for you specifically. Where should you keep your money? We can help you decide.
Misconceptions About How Annuities Work
There are many myths and misconceptions about how annuities work. You may have heard some financial professionals say that they’re bad–Why is this? Well, for starters, many brokers make more money by managing your money in the stock market, rather than selling you an annuity. So, it’s in their best interest to keep your money in the market.
It’s also an important distinction that not all annuities are the same. Some annuity products do put your money at risk, by investing it directly in the stock market. This means it’d be lost in the event of a downturn. However, there are other types of annuities that come with a guarantee* of safety, no matter what happens in the market. And these are the types of products we focus on. A fixed indexed annuity (or FIA) can offer you a source of guaranteed* income for life, and a reasonable rate of return** over time.
Annuities Then Vs. Now
In the past, options were more limited when it came to annuities. Some products offered protection of principal, but came with lower interest rates. Others had better rates, but came with the risk of losing your principal and interest. Neither of these options was ideal. Thankfully, the landscape has changed. With the right type of annuity contract, working with the right company, you can now get a reasonable rate of return,** protection of principal, and numerous other benefits, too. There are more options available now than ever. Contact us, to learn more about how annuities work and how one could help you.
