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Specials
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Investing in an Annuity
People are retiring younger, living longer and have a desire for a better life
in their later years. In many cases their savings are low or non-existent and
pensions are scarce. The markets are constantly changing. many investors find
they need fixed assets in their portfolios
as they near retirement because of their desire for stability. Some people turn
to CDs for this dependability, but many have invested in fixed annuities.
Fixed annuities provide a competitive and predictable
yield with no sales charge and no annual expenses. The money invested is
guaranteed by the insurance company issuing the annuity and in most cases there
is a money back guarantee of principal should the need arise for a full
withdrawal of the funds. in addition, the interest from a tax-deferred annuity
is not taxed until it is withdrawn.
At retirement time, the annuity can be annuitized for a lifetime income for
predictable periodic payments to pay bills, medical expenses or take
vacations.
Before investing in an annuity, you should consider:
- How much total income you need
- Other sources of income you have to meet retirement needs
- Do you need income for anyone other than yourself
Always consult with your personal financial advisor before investing in an annuity.
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