Annuities
Guaranteed Income for Life
For those looking for a predictable income stream in retirement, annuities can be a compelling option. Essentially, an annuity is a contract between you and an insurance company where you make a lump-sum payment or a series of payments, and in return, the company pays you a steady stream of income later on.
Key Benefits for Seniors
Guaranteed Income: Provides a reliable source of funds for as long as you live, eliminating worries about outliving your savings.
Tax-Deferred Growth: Your money grows without being taxed until you start receiving payments.
Customizable Options: You can choose when payments start (immediate or deferred) and how long they last.
Annuities can be a cornerstone of a sound retirement income strategy, offering security and predictability in an often unpredictable financial world.