For most senior citizens, Social Security benefits are not enough to support them during retirement. People are living longer, which means that outliving your resources is a huge concern. An annuity is a great, secure savings option that can guarantee an income during your retirement. You won’t have to worry about losing money or running out of money as you age.
Unlike other plans, annuities have no market risk, so you’ll never have to worry about losing your retirement savings and you’ll gain interest on your funds. Annuities are also tax-deferred, so you won’t have to pay taxes until you begin to withdraw money from the policy; this allows you to earn more interest on your money than you could in account that isn’t tax-deferred. Annuities can also offer you an income for the rest of your life, so you won’t ever run out of money.
Annuities also allow your beneficiaries to access your funds without going through the lengthy and costly probate process when you pass away.
Other retirement plans risk your savings when the market decreases and can’t promise that you’ll have enough money to support you as you get older. That’s why annuities are such a safe and secure retirement option that can ensure that you have a brighter financial future.
If you’re interested in an annuity for your retirement, fill out the form to the right or give us a call today. We’ll have a licensed insurance agent help you find the best retirement option for you.
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