Retirement Annuity
Discover how a retirement annuity provides growth and protection.
Are you looking for a retirement annuity to protect your life savings? More than seventy million people in the United States alone rely on the security of a retirement annuity to ensure they get the absolute most from their golden years. The retirement annuity was designed to protect and grow your life savings to make sure you have access to a guaranteed income for when you need it the most.
Many people looking for a retirement annuity want safety and guaranteed protection of their life savings over any possible risk to their future retirement funds. With the unpredictable nature of the stock market, most individuals looking for a retirement annuity are actually searching for a tax deferred annuity or immediate annuity product.
Tax Deferred Retirement Annuity
The tax deferred retirement annuity is the most popular of annuity products, designed to maximize the growth of your life savings and future retirement income. Tax deferred annuities work by deferring tax on the interest you would otherwise pay yearly, allowing you to compound interest on both principal and earnings. The long term growth advantage for the tax deferred retirement annuity can be significant, and provides the highest degree of guaranteed growth and protection with no risk to principal.
Immediate Retirement Annuity
The immediate retirement annuity is a predominant source of income for many retired individuals, allowing you to convert all or part of your savings to a guaranteed stream of income that you can count on for the rest of your life. An immediate annuity gives you the security of knowing you will continue to receive money each and every month - even if you live to be 100 or older. You can choose how often you receive a payment from the retirement annuity, as well as additional options related to beneficiaries, number of guaranteed payments, and more.
Depending on your retirement objectives and financial requirements, there are many other retirement annuity products and options available. A member of the Annuities Institute can help by providing objective and independent advice that helps identify what your retirement needs will be. Contact us today for a friendly telephone interview, and let us know how we can help you best prepare for the future.
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