Retirement Planning That Makes Sense
Are you wondering if a fixed annuity or indexed annuity is right for your retirement? Most people look into adding an annuity to their overall retirement plan as a way of providing a guaranteed income during retirement. An annuity is an insurance product that you purchase and use for retirement income. Annuities are often part of an overall retirement strategy. They offer a steady income throughout retirement until a set date, or up until your death, or until the death of your spouse, depending on the terms of the purchase contract. An indexed annuity offers a guaranteed monthly payment that is tied to stock market performance. Therefore, a guaranteed income may fluctuate with an indexed annuity but will not go below a set amount as agreed upon in the terms of the contract. Unlike a fixed annuity, an indexed annuity will be subject to the ups and the downs of stock market performance.
In a recent Gallup Poll of people planning for retirement, 59% of those surveyed were very or moderately worried that they won’t have enough money for retirement.
An indexed annuity or a fixed annuity is a possible solution if you’re concerned about making your money last throughout your retirement. Would you like to learn more about adding an annuity to your retirement portfolio? Please don't hesitate to give us a call. We look forward to talking with you and helping you with your retirement planning.
Call us to talk about your life insurance needs at 800-392-6532
or fill out a Life Insurance Consultation Request online.