Retiring Is Easy, Staying Retired Is Difficult.
We Specialize In Keeping You Retired.
4 Annuity Types to Help You Stay Retired
You may be concerned about staying retired.
- What if you run out of money?
- What if you have to go back to work?
These are two of the scariest questions to answer.
Your retirement plan is a huge factor in staying retired. You want to reduce the chance of needing to come out of retirement and increase your retirement income.
At Income For Life, we help you stay retired. One way we do this is with annuities. You may be thinking, what about my interest gains in a savings account? While you may get a small percentage increase in savings interest rates, it’s too small of growth to actually help fund your retirement income.
Instead, you should consider annuities. These investments are simple, straightforward, and guarantee* your money after you reach a certain age through insurance companies. You see, you invest money through an insurance company so that they can invest your money and make more of it. The insurance company guarantees* you an amount of money in distributed payments after you reach a specific age for investing through them.
Choosing investments like annuities can be confusing and overwhelming. That’s why Income For Life helps you plan and implement a retirement strategy plan that actually funds your retirement. Unlike other companies, we’re here to help you stay retired.
Annuity Investment Types
#1. Variable Annuities — More Growth. More Risk.
#2. Immediate Annuities — Instant Income
An immediate annuity offers you the ability to get immediate payments when you invest a lump sum through an insurance contract. Most people who need to bolster their retirement income because they lost most of it or didn’t start investing when they were younger utilize this annuity type. However, every individual’s situation is different and needs to be planned for accordingly.
#3. Fixed Annuities — Best Interest Rates
Fixed annuities offer you a set interest rate earned on your returns. This means that when you invest through an insurance contract, the money you potentially make back will have a fixed interest rate that adds to what you invested, similar to a savings account but better.
#4. Fixed Index Annuities — Hybrid Investment
If you’re looking to grow your money and get interest back on your returns, the fixed index annuities are a great option. These offer you a guarantee* on your principle, as well as a fixed interest rate on your returns. The primary difference between fixed annuities and fixed index annuities is that the interest gained is based on the stock market indices.
Reap the rewards of annuity investments to bolster your retirement income. If you’re concerned that you don’t have enough or don’t know enough about your retirement strategy, find an Income For Life agent near you today!
*Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurance company. Annuities are insurance products that may be subject to fees, surrender charges and holding periods which vary by carrier. Annuities are NOT FDIC insured.