Annuities
Annuity Income
With the right kind of annuity, you could secure guaranteed* protection of principal, a reasonable rate of return**, and more. A fixed-indexed annuity (FIA) lets you earn indexed interest when the market rises. When the market goes down, however, you will not suffer losses*. Could annuity income be the right option for you? We aim to help you make smart decisions by offering as much relevant information as possible. When devising a retirement income strategy, we believe knowledge is power. Get in touch with us to learn more.
Annuity Income Misconceptions
There are a few misconceptions about how an annuity works. You may have heard some professionals say they're bad. Why is this? Well for starters, not all financial professionals are looking out for your best interest. However, it's also true that not all annuities are the same. There are multiple types of annuities. With a variable annuity, your money is invested directly in the stock market. As a result, it will lose value if the market declines. Personally, we wouldn't recommend a variable annuity as a retirement income source. A fixed annuity, meanwhile, keeps your money protected, but without the opportunity for the interest rate to increase. Lastly, a fixed indexed annuity offers safety* and indexed interest, allowing for potentially better returns** over time. This, in our opinion, makes an FIA the best annuity income option.
Annuities Then Vs. Now
In the past, there weren’t many options for annuity income. Some products offered protection of principal, but came with disappointed interest rates. Others had better returns, but didn’t offer enough in the way of security. Neither of these options were ideal. In recent years, however, the market has changed. If you work with the right company, you can find a product that fits your needs. You can have protection,* a reasonable rate of return,** and other benefits, all with one annuity product.
