It could be an annuity.
The “fixed” in “fixed annuity” refers to the fixed rate of interest crediting that’s applied to your annuity. And fixed annuities offer growth potential without any stock market losses.
Fixed Index Annuities
Fixed index annuities (FIAs) offer custom growth potential but without any stock market losses.1 And some include ways to build a source of lifetime income.
It’s in the name: an income annuity can give you steady income for your basic expenses, lifestyle expenses, or both.
A variable annuity gives you investment flexibility and growth potential to help you keep up with changes in your life and retirement.
An annuity can do things for you that other products can’t.
Taxes make growing your money harder. But your money can grow faster with an annuity because any growth is tax-deferred until you start taking withdrawals. Watch how that works.2
You need a way to grow your money that fits your personal preferences. Different types of annuities give you many ways to do that including:
- Fixed, guaranteed growth potential3
- Growth potential with zero market losses1
- Greater growth potential but with market risk4
- Watch how one kind – a fixed index annuity – may help you grow your money without any down market losses.1,5
Do you know how to make your retirement savings last for what could be a 30+ year retirement? Watch how a fixed annuity can give you protected income you can’t outlive.
7 in 10 people aged 65+ will need long term care (LTC) for everyday things like eating and getting dressed.6 But your savings may not cover your LTC needs. Watch how a fixed annuity with LTC benefits can help.
Planning to leave something to your loved ones? Wondering how much of your money will be left? Certain annuities offer death benefit options (some available at an additional cost) that can make your legacy planning more predictable.
So, what is an annuity?
An annuity is a contract between you and an insurance company. They’re meant for a portion, not all, of your retirement savings.
How do you buy an annuity?
Where do you buy one?
What do you get from an annuity?
How do you choose the right one?
Thinking of adding an annuity to your retirement strategy?
Talk to your financial professional today to see which type of annuity makes sense for you.