Consider an annuity if you want to receive guaranteed income during your retirement. Fixed and variable annuities are great options for people thinking about their long-term retirement (10-20 years to retire), while immediate annuities are good for those nearing retirement who want income right away.
An annuity is a contract with an insurance company that can guarantee income for your retirement years. An immediate annuity can begin income-for-life payments within a year of the purchase, or payments can be postponed to the future with a flexible premium deferred income annuity.
Everyone should plan for their retirement. Annuities are an additional way to plan for your future, along with an IRA, 401(k), or pension. Creating a stream of lifetime guaranteed income, can be a critical component to a retirement strategy.
Spend your time focused on the things that really matter—your loved ones, living with a purpose, a happy retirement—knowing you're protected with guaranteed income.