Accountant

Retirement Income

The more sources of income you have in retirement will greatly enhance your ability to overcome financial hardships.

The main sources for retirement income:

  • Social Security retirement benefits

  • Employer retirement plans and Individual Retirement Accounts (IRAs)

    • 401(k), 403(b)​

    • "traditional" and "Roth" IRAs

  • Personal savings and investments

    • Bank accounts, certificates of deposit, money-market mutual funds​

    • Stocks, Bonds, and mutual funds

    • Real estate

    • Annuities 

    • Precious gems and metals

  • Post-retirement employment

Annuities

Annuities offer tax-deferred growth and a variety of payout options, including payments guaranteed to last for the annuitant's lifetime or until the death of a second annuitant.

Fixed Indexed Annuities are an asset class that credits your account with interest based on the performance of an index.

 

Why are Annuities needed in your portfolio?

Fixed Indexed Annuities help navigate a volatile economy. It can be hard to feel balanced while riding that roller coaster stock market. A diversified retirement plan is essential and indexed annuities can add balance giving you some peace of mind-- no matter what happens on Wall Street. But like most financial products, they are complex. So, it's important to understand the product and its benefits. 

Your interest earning rate always remains somewhere between the interest rate floor and cap. Earnings won't rise about the cap, even if the index goes higher. Earnings never fall below zero even if the index goes way lower.

Because of these features, the value of your money will never decline for as long as it is in the annuity. But it can increase with a rising index, offering growth potential. Once interest is credited, it can never be lost due to interest rate adjustments or negative market fluctuations, and it may even compound.