Annuities – A Steady Approach to Retirement Income
An annuity is a long-term financial product designed to help individuals protect their savings, grow assets at a steady rate, and create reliable income for retirement. Fixed annuities, in particular, are insurance products that offer principal protection and predictable growth, making them a popular option for people seeking stability and reduced market risk. Annuities are issued by insurance companies and can be structured to meet a variety of long-term financial goals.
- Principal protection – Fixed annuities help protect money from market losses
- Guaranteed interest – Earn a declared rate of return set by the insurance company
- Tax-deferred growth – Earnings grow tax-deferred until withdrawals begin
- Optional lifetime income – Can be structured to provide income you cannot outlive
- Issued by insurance companies – Backed by the financial strength of the issuing carrier