A secure, guaranteed income later in life is one of the most important parts of any strong retirement plan. Annuities can play a critical role.
Annuities throughout Central Pennsylvania.
Annuities can be a valuable investment, but there are risks to consider. Our experts will help you decipher the different types of annuities so you can decide whether this type of investment is right for you.
Worried about outliving your retirement money? If so, you’re not alone: Most retirees cite this as their biggest fear of the future. One great way to add to your income is to convert a portion of your retirement savings into an Income Annuity. These contracts provide a guaranteed income for life, no matter how long you live. You can also name beneficiaries to receive any unused balances in the event of your death.
Annuities aren’t just for current income though: They can be used as an investment for later in life. Annuities can help you:
- Grow your money without the risk of stock market losses
- Earn higher rates of return than bank savings products
- Protect against the long term effects of inflation
- Replace lost income do the death of a spouse
Whether annuities are right for you and what level of risk is appropriate will depend on your financial circumstances. You’ll also need to carefully consider the tax implications, particularly if you want to retire early.
Contact us today to discuss your annuities options.
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As an independent agency, we offer multiple options at competitive prices.