Investing in Annuities for Your Retirement

Retirement in your golden years goes much more smoothly when you've planned ahead with savings and investments. Annuities are a great way to secure your future and live life to the fullest. When you get life insurance, you invest in the future of your family, with annuities you can invest in your own future, as well as your families. You are responsible for yourself and your future, so make sure it's enjoyable by preparing ahead of time.

Annuities are customized by the individual or individuals involved. There are many different options and many providers. Before jumping into it, a lot of thought must be given such as planning what you will need for retirement and what you can afford now. You can discuss these with licensed agents by filling out our quick form so we can connect you with the right licensed agents for your needs. You can then compare annuity quotes with a strong foundation of knowledge.

Who Needs Annuities When I Have Social Security?

Many people are not expecting Social Security to provide all of their retirement needs. For many, it is insufficient, and others are concerned about the long-term stability of the Social Security system and want to have a back-up plan.

Online Insurance Quotes for Your Retirement

Just like obtaining homeowners insurance, planning for your retirement is an important part of ensuring you are financially secure for the rest of your life. Annuity policies are a great way of setting up a fixed or guaranteed income for your retirement. When you shop for online insurance quotes, you can find the right option for your financial needs. There are many benefits to choosing this as part of your retirement plan. Before you can make the right choice, you may want to find out more about this valuable retirement tool.

The simplest explanation of an annuity is a scheduled set of payments that exist for a predetermined period of time. The schedule for and amount of the annuity payments will rely largely on your retirement goals and the period of time until you retire.  Once you have made your scheduled payments, or investments, you will be able to begin receiving payments.  These disbursements will serve as your retirement income. 

Many people prefer annuities for retirement because they come in many flexible options and they provide a guaranteed income upon retirement. The main types are:

• Immediate - Allow you to be paid a set amount of money on a predetermined schedule.
• Fixed Period Annuities - Are a more conservative option and come with a minimum interest rate guaranteed.
• Equity-Indexed - Give you the opportunity to earn a higher rate of return.
• Variable Annuities - The most flexible annuity and are subject to rises similar to stocks, bonds, or mutual funds.