Annuities Provide A Living Benefit And So Much More
For those looking for stable investment options that protect against drops in the market, but also allow for some growth potential, annuities are worth considering. Annuities provide a tax deferred investment option as well as guaranteed income payments for life in retirement. There are two different types of annuities to choose from: immediate and deferred annuities.
Annuities give you and income for life and tax-favored savings. They can help to diversify your portfolio and mitigate against any downside risk in the market.
Deferred annuities come in many varieties: Fixed, indexed and variable. Each of these has different potential returns with varying levels of risk. However, you can add riders that provide downside protection on the more risky ones to provide the best of both worlds. We belive they are an excellent tool to supplement your retirement income and should be considered when planning for retirement.