Annuities
Have you considered an annuity for your retirement? We can help you decide which variety of annuity is best suited to your individual needs and financial goals.
What is an Annuity?
What is the definition of an annuity? An annuity product serves as an alternative method of safeguarding your retirement funds. Furthermore, there are a number of distinct varieties of annuities. Variable annuities, fixed-indexed annuities (FIAs), and fixed annuities comprise the principal few categories.
An FIA is the only annuity option, however, that can provide a reasonable rate of return** while also safeguarding your principal.* An FIA earns interest from the performance of a market index; however, it does not put your money in the market, thereby keeping your money safe from potential losses.
Annuity Misconceptions
Some agents may assert that annuities are detrimental. What is the reason for this? Firstly, not all annuities are created equal. Protection of principal, reasonable rates of return,** and numerous other benefits are among the advantages that FIAs can offer. Variable annuities, in contrast, do not ensure the protection of your money, as they invest it in the stock market. It is crucial to be aware of the distinctions between the various types of annuities.
Furthermore, it's important to note that not all financial professionals prioritize your best interests. But at JM Seidel Insurance Solutions, we strive to help our clients in the goal of creating the most suitable retirement strategy for themselves, and their unique circumstances and needs. Therefore, an annuity may be a viable alternative for you.
How Annuities Have Changed
There was a period in which certain alternatives provided a reasonable rate of return** on your contribution, but they did not ensure principal protection. Meanwhile, others provided security, but their returns were disappointing. Nevertheless, the landscape has evolved in recent years. Currently, there are options, such as a fixed indexed annuity (FIA), that can provide both a reasonable rate of return** and the protection of your principal. Please reach out to us for additional information regarding this alternative.