Fixed Annuities:
Americans are living longer and enjoying better health. It is not uncommon for people reaching retirement age to live many years in good health. You want your income to last as long as you do and for your savings to have the purchasing power needed for your longer life. An annuity can be an excellent choice.
Because of this, annuities are an important part of any retirement plan. Annuities can help you accumulate money on a tax-deferred basis and can provide you a guaranteed income for the rest of your life, no matter how long you live.
You should buy an annuity if you want to:
- Accumulate money income tax-deferred
- Have security from a down-turn in the Market
- Avoid probate
- Have guaranteed income for the rest of your life
Equity Indexed Annuities:
These annuities are underwritten by insurance companies and offer returns that are linked to the performance of specific equity based indices. These plans have many of the features of traditional fixed annuities including minimum guaranteed interest rates, income tax- deferred accumulation, penalty free withdrawals, and a guaranteed income for life.
Benefits of Indexed Annuities:
- Safety of Premium
- Tax-deferred Accumulation
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