For your peace of mind
Annuities can function as a strategic part of your retirement plan, helping you plan for financial challenges like rising healthcare costs and an increasingly unpredictable global market. Every retirement plan and retiree is different, with different personalities, goals and worries. Some people are more risk-averse, for example, or simply have fewer assets and therefore are less comfortable with putting those assets at risk. Other people truly love the process of investing in the stock market, or they have amassed enough assets that they are less worried about the risk, perhaps. You have to know yourself and what will make you comfortable, because who wants a retirement filled with worry?
The first thing you need to know is that there is no simple definition of annuity. “Annuities” is a broad category of financial products that are offered by insurance companies. Within that category, there are numerous kinds of annuities. Even annuities that are called the same thing can behave very differently depending on the specific contract and terms attached to it. Keep in mind that you and your needs are the most important factor in choosing whether annuity is right for your retirement plan, and if, so which one.
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Annuity Features and Benefits
Annuities are filed with and approved by state insurance regulators. Fixed annuities have NO market risk, and owners of fixed annuities do not participate directly in any financial market. Whether interest is declared in advance or determined by the performance of a market index, that interest, along with the premium paid, is guaranteed NEVER to go down because the markets do. View the “9 Answers Every Investor Needs to Know about Annuities” now, or continue reading for a few highlights about these powerful products.
Misconceptions About Annuities
You may have heard the saying, “It’s not your father’s annuity.” That’s because annuity products have evolved significantly throughout the past decade. This has also contributed to an environment full of mixed messages regarding the pros and cons of annuities.
AZ Central published this article about questions an equity-indexed annuity (more commonly referred to as a fixed indexed annuity) to consider earlier this year. They brought up excellent questions that we can answer for you.
Have an article you’ve read with the information you need help clarifying? Looking for specific information about a particular product? Not every annuity is right for every client. To find out what makes sense in your unique financial situation and more about how annuities can positively impact your retirement future, contact the Trajan Wealth team.
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“Annuities Unmasked” is Jeff Junior’s in-depth guide to annuities. You’ll learn about the pro’s, the con’s, and the key questions to ask before purchasing any annuity.