Annuities

What is an Annuity? A contract between you and an insurance company where you make a lump-sum payment or series of payments and, in return, receive regular disbursements

Types of Annuities:
  1. Fixed Annuities: Provide a guaranteed rate of return.
  2. Indexed Annuities: Offer a return based on a market index, with potential for growth while protecting against losses.
Benefits of Annuities:
  1. Guaranteed income:  Provides a steady stream of income in retirement.
  2. Tax-deferred growth: Earnings grow tax-deferred until withdrawn.
  3. Protection against market volatility:  Some annuities offer protection against market downturns.
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