WHAT IS AN ANNUITY

☑ An annuity is a contract between you and an insurance company in which you make a lump-sum

payment or series of payments and, in return, receive regular disbursements, beginning either

immediately or at some point in the future

☑ Annuities are low-risk investment products that ensure legit, tax-deferred growth

☑ Think of them as a nest egg and when nurtured, they provide guaranteed monthly income

☑ There are a variety of annuities: fixed, variable, immediate, deferred, and hybrid

☑ Are lower risk compared to other investments

Is an annuity the right move for me?

Because annuity payouts are guaranteed, they are considered a safe, yet conservative, retirement option. Annuities are not an aggressive investment option, meaning they are low-risk investment, and correspondingly come with more conservative returns.

While annuities are very versatile, they don’t fit everyone’s needs. Specifically, annuities are designed for people interested in guaranteed monthly income throughout retirement.

STEP 1.

The first step is to determine if an annuity is the best investment vehicle for your retirement situation. This is a function of the amount of savings you have, age, when you plan to retire, & where you live.