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How To Find The Best Annuity Rates In Atlanta
At Income For Life, we can help you find the best annuity rates for your retirement planning strategy in Atlanta, Georgia through our retirement planning services. Our financial planner can help you find retirement solutions that will make the most sense for you long-term because when you retire, you want to stay retired. Contact us today to schedule an appointment with our Top Rated National® Retirement Income Planners.
Continue reading this blog post for tips and advice on finding the best annuity rates in Atlanta.
Your Two Main Types of AnnuitiesBefore you get to searching for the best annuity rates in Atlanta, keep in mind that there are two main kinds of annuities: immediate annuities and deferred annuities. Immediate annuities are best for those who have already retired or are about to retire, and deferred annuities are for those usually under 40 planning for their retirement.
Immediate annuities are when you invest a certain portion of your savings to the annuity and your insurance company starts connecting you with your monthly payments immediately. This type of annuity has some risks to it due to inflation, as you can either decide to have a fixed monthly payment rate for the entirety of the annuity or you can have a variable monthly amount sent to you based on the investments in the annuity.
Deferred annuities are when you invest a certain portion of your savings to the annuity either once or multiple times before your planned retirement, giving any of your investments in the annuity an opportunity to grow, deferred of taxes. When you do finally decide to retire after the age of 60, your monthly payment amounts will ultimately depend on the size of your annuity portfolio over the years.
There are three types of deferred annuity rates that each post their own advantages and risks:
- A fixed–deferred annuity rate, which is when your investments will earn a guaranteed annual rate of return until your retirement;
- A variable-deferred annuity rate, which is when you invest in stocks and bonds provided by your insurance company, ultimately adding flexibility (good or bad) to your retirement payout; and
- An equity-indexed annuity rate, which is when your investment depends solely on how well a broad stock index performs, such as the Dow Jones.
Annuities are great for folks who want to contribute as much as they desire when they desire to. They’re also a great retirement solution for those who want to have peace of mind knowing they’ll get a guaranteed monthly income for however long the annuity plan is set for.
Let Income For Life Find You The Best Annuity Rates In AtlantaIf you are content with a stable retirement planning strategy that isn’t high-risk, an annuity rate might be the right fit of retirement solution for you. When you chat with our retirement planners about your game plan and what you hope to get out of an annuity rate plan, we can help find a solution that will ensure when you retire, you stay retired.
For more information, call us at (888) 228-8814 or you can fill out our online form.