If you’re like most investors, market volatility can really set you on edge. Especially if you’re concerned about how a deflated market might impact the income you’ll need during retirement. The idea of having a guaranteed income stream can be very appealing for those who hope to hedge their investments against loss and the possibility of outliving their money. Cue the Annuity.
Even though they are an insurance-based product, Income Annuities sometimes feel like investments (because many have investment-like qualities when saving for retirement). They’re actually a long-term insurance contract designed to provide you with a paycheck for as long as you live (which sounds pretty great, right)?
Unfortunately, because of their complexities there tends to be a lot of conflicting information about annuities, and some have gotten a bad rap as being expensive or difficult to decipher. This helpful, informative brochure debunks several of the myths and misperceptions about annuities. Hopefully, it will give you a better understanding of whether an annuity might be a good fit for you.
As always, our goal is to educate and guide investors so they’re able to make informed decisions about their future. If you’d like more information about annuities or retirement planning, or if you’d like to explore the benefits of working with a financial professional, give us a call. We’re passionate about what we do, and we’d love to help YOU! Give us a call or email to set up an appointment.