Annuties and Retirement
Because your retirement deserves predictable, lasting support.
Annuities and Retirement
Reliable Income for Your Golden Years
Planning for retirement means making your savings last. Annuities are powerful financial tools that provide a steady income stream — helping you enjoy retirement with confidence and peace of mind.
What Are Annuities?
Annuities are contracts with insurance companies that provide guaranteed income payments, either immediately or at a future date. They’re designed to help protect you from outliving your savings, offering financial security in retirement.
You invest a lump sum or make payments over time.
In return, the insurer guarantees regular income payments.
Payments can start right away or at a later retirement date.
Income can last for a fixed period or your entire life.
Annuities help turn your savings into dependable income so you can focus on enjoying retirement.
Types of Annuities
There are several annuity options, each suited for different goals and timelines:
Fixed Annuities: Provide guaranteed interest and steady payments.
Immediate Annuities: Start paying income right after a lump sum is paid.
Deferred Annuities: Grow tax-deferred until payments begin at retirement.
Choosing the right type depends on your financial goals, risk tolerance, and retirement timeline.
Why Choose Annuities for Retirement?
Annuities offer benefits that help secure your financial future and provide peace of mind:
Guaranteed Income: Regular payments that won’t run out — even if you live longer than expected.
Tax Advantages: Earnings grow tax-deferred until you begin withdrawals.
Flexible Options: Customize payments and terms to fit your lifestyle.
Protection From Market Volatility: Fixed annuities shield your income from market ups and downs.
Legacy Planning: Some annuities allow you to leave money to beneficiaries.
Annuities can be a key part of a well-rounded retirement strategy.
Who Are Annuities Best For?
Annuities may be right for you if you:
Want reliable, predictable income in retirement.
Are concerned about outliving your savings.
Prefer tax-deferred growth on retirement savings.
Are nearing or in retirement and want to reduce financial stress.
Want to protect principal from market risk (fixed annuities).
We can help you find the right annuity to meet your needs and goals.
ANNUITY FAQs
Are annuities safe investments?
Fixed annuities offer principal protection and guaranteed interest, backed by the financial strength of the issuing company.
How is annuity income taxed?
Withdrawals are generally taxed as ordinary income. Earnings grow tax-deferred until distribution.
Can I access my money if I need it?
Some annuities allow withdrawals or loans, but there may be penalties or surrender charges for early access.
Can I name beneficiaries on my annuity?
Yes, most annuities allow you to designate beneficiaries who will receive any remaining funds upon your death.
What’s the difference between immediate and deferred annuities?
Immediate annuities start payments right away after you invest, while deferred annuities grow your money until you choose to begin payments later.
What happens to my annuity if I pass away early?
Depending on the contract, some annuities provide death benefits to your beneficiaries if you pass away before payments begin or during the payout phase.
What’s the biggest advantage of getting an annuity instead of just a 401(k) or Roth IRA?
The biggest advantage of an annuity is the ability to receive guaranteed lifetime income, providing financial stability and peace of mind in retirement — something that 401(k)s and Roth IRAs don’t guarantee. While those accounts focus on growing your savings, annuities ensure you won’t outlive your money.
How do I choose the right annuity?
Your choice depends on your retirement goals, income needs, risk tolerance, and timeline. We’re here to help you navigate your options.