Annuities Bring Unique Qualities to Your Retirement Strategy

An annuity can provide stable, secure income for life, ensuring that you won’t run out of money when you need it most. Much like a pension, you can rely on the income stream  from your annuity (or annuities) to cover your needs in retirement. Payments from a fixed or indexed annuity won’t be impacted by fluctuations in the market, providing you with steady, guaranteed income you can count on.¹

Much like Social Security, an annuity can provide monthly income.¹ Unlike Social Security, you can begin withdrawing from an annuity any time.² That means you can use annuity income to bridge the gap between your desired retirement date and when you want to start collecting Social Security.  Many annuities also allow you to withdraw up to 10% of the annuity’s value each year without penalties, giving you flexibility to meet your financial needs.

Annuities are a great option if you want to save beyond 401(k) and IRA contribution limits. Not only can you save more, fixed and indexed annuities can help protect you from market fluctuations by serving as a low-risk investment. Plus, different types of retirement accounts have different tax implications;³ funds in an annuity grow tax-deferred, meaning you don’t pay taxes until you make a withdrawal. That can help provide balance to your retirement portfolio.