Blog tagged as Retirement Products

You know the sources of your income today, but do you know what retirement income sources you’ll need to allow you to live comfortably later?

If you worry that your retirement savings won’t last as long as it needs to, you’re not alone. Forty-nine percent of pre-retirees are concerned about outliving their money..

It’s hard to prevent money matters from feeling personal — after all you’ve worked hard to save for retirement. But removing emotions from financial decisions can help set you up for future success.

Consider it the new normal: planning for financial success in uncertain times. While it can be tempting to hold off on making decisions or taking action, waiting to see what changes future legislation may bring isn't likely to help you reach your retirement goals.

As you plan for retirement, you likely come across many options for building your portfolio and creating the savings you need for the future. Among these retirement income solutions, you may have seen annuities. If you don’t fully understand these products, don’t worry, you’re not alone.

What is an annuity? Annuities provide insurance against the risk of outliving your money after you stop working. You get the potential to grow your savings and create guaranteed income for life so you can retire your way.

Annuities are financial products that guarantee a steady stream of retirement income. They offer tax-deferred growth potential while you’re saving for retirement, and dependable income after you retire..

Inflation has reached a level Americans have not experienced in decades. The rising cost of goods can chip away at retirement funds, and most people expect inflation to increase.

An annuity is a financial product that can be customized to give you lifetime guarantees.

Annuities offer a wide range of benefits and features which can make them a good option for helping you reach your future financial goals.

There are several types of annuity products available to choose from. Whether you’re looking for income options, legacy planning tools or spousal protection, your advisor can tailor a plan to meet your specific goals.

Fees depend on the annuity product chosen. The following are charges or fees that can be applied to an annuity — along with an explanation of what you get in return.

Unless you’re an actuary, you probably have only a vague idea of how much money you should have saved for future expenses and retirement, and whether or not you are on the right track.

The advantages of annuities for generating income (compared to bonds, dividend paying stocks, equities, ETFs, ETNS, mutual funds, REITs and owning rental properties)

Customizing the annuity contract to meet your individual needs Riders are optional enhancements that are available on your annuity contract at an additional cost.

An immediate annuity can provide you with predictable income during retirement that you can use for essential living expenses.

Fixed annuities give you growth paired with control. Fixed annuities protect your money from market ups and downs with guaranteed rates

A fixed indexed annuity offers growth potential based on the performance of an index or indices.

A registered index-linked annuity is designed to help limit exposure to downside risk while offering growth potential based on the performance of an index or indexes.

Deferred variable annuities allow clients and advisors to determine how assets are invested by choosing from a selection of investments called sub-accounts.