Annuities for Guaranteed Income
Secure Your Retirement with Predictable, Lifetime Income
Build a retirement strategy that provides guaranteed income you can never outlive
What are Annuities?
An annuity is a financial product designed to provide you with a steady, predictable income stream during retirement. Think of it as a personal pension plan—you invest money now, and in return, you receive guaranteed payments for a specific period or for the rest of your life.
Annuities are issued by insurance companies and offer unique benefits that other retirement vehicles don't provide, including guaranteed lifetime income, protection from market volatility, and tax-deferred growth.
Whether you're concerned about outliving your savings, want to supplement Social Security, or need reliable income in retirement, annuities can be a powerful tool in your financial strategy.
Types of Annuities
Fixed Annuities
Guaranteed interest rate and predictable growth, regardless of market conditions.
- •Guaranteed returns
- •Principal protection
- •Low risk
Fixed Indexed Annuities
Growth potential tied to market indexes with protection from market losses.
- •Market-linked gains
- •Zero floor protection
- •Balanced approach
Immediate Annuities
Start receiving income payments immediately or within a year of purchase.
- •Instant income stream
- •Lifetime payments
- •Simple structure
Key Benefits of Annuities
🔒Guaranteed Lifetime Income
Never worry about outliving your money. Annuities provide income for as long as you live, giving you financial security and peace of mind in retirement.
🛡️Principal Protection
Your principal is protected from market downturns. With fixed and fixed indexed annuities, you'll never lose money due to market volatility.
📊Tax-Deferred Growth
Your money grows tax-deferred, meaning you don't pay taxes on earnings until you withdraw them. This allows your investment to compound faster over time.
👨👩👧👦Death Benefit Protection
Most annuities include death benefits, ensuring your beneficiaries receive the remaining value if you pass away before the contract ends.
📈Predictable Income Planning
Know exactly how much income you'll receive each month, making budgeting and financial planning in retirement much easier and stress-free.
🌟Inflation Protection Options
Many annuities offer optional riders that increase your payments over time to help keep pace with inflation and maintain your purchasing power.
Who Should Consider Annuities?
Pre-Retirees & Retirees
Those within 5-10 years of retirement or already retired who want guaranteed income to supplement Social Security.
Conservative Investors
Individuals who prioritize safety and guaranteed returns over aggressive market growth.
Those Without a Pension
Workers who don't have access to traditional pension plans and need to create their own guaranteed income stream.
Longevity Concerns
People with family histories of longevity who want to ensure they don't outlive their retirement savings.
Tax-Efficient Retirement Planning
Those who have maxed out other retirement accounts and want additional tax-deferred growth opportunities.
How Annuities Work
Purchase & Accumulation Phase
You purchase an annuity with either a lump sum or through a series of payments. During this phase, your money grows tax-deferred based on the type of annuity you selected.
Annuitization (Income Phase)
When you're ready to start receiving income—often at retirement—you "annuitize" the contract. This converts your accumulated value into a stream of regular payments.
Payment Distribution
You receive guaranteed payments for the period you selected—whether that's a set number of years, your lifetime, or the lifetime of you and your spouse. Payments continue regardless of market conditions.
Common Questions
Are annuities safe?
Yes, annuities are backed by the claims-paying ability of the issuing insurance company and are regulated by state insurance departments. Additionally, most states have guaranty associations that provide protection up to certain limits if an insurance company fails.
Can I access my money in an annuity?
Most annuities allow partial withdrawals of up to 10% per year without penalties after the first year. However, withdrawals before age 59½ may be subject to IRS penalties, and larger withdrawals during the surrender period may incur surrender charges.
How much income will my annuity provide?
The income amount depends on several factors: the type of annuity, the amount you invest, your age when payments begin, current interest rates, and the payment option you choose. We'll provide detailed illustrations showing exactly what you can expect.
What happens to my annuity when I die?
This depends on the payout option you selected. Many annuities offer death benefit options that provide remaining value to your beneficiaries. Options include period certain payments, joint life payments, or return of premium riders.
Ready to Secure Your Retirement Income?
Let's discuss how annuities can fit into your retirement strategy and provide the guaranteed income you deserve