Here’s a closer look at the advantages of annuities and CDs, the key differences between the two, and how to determine which one may be a good match for personal retirement goals.
Compound interest is a tool for growing savings and building wealth. Because various options exist, understanding how compound interest works could be helpful for choosing the right account to match your goals and maximize savings growth.
When it comes to sustaining retirement income, people often place importance on the average rate of return. However, what might be more impactful is not the average return, but the order of returns.
There is no “best” crediting method or index since each performs differently in various market scenarios, but understanding each option can help you make an educated decision on the crediting strategy that is most suitable for your needs.
Creating a diverse retirement income strategy is vital to help ensure retirees have enough money to last throughout their entire life. One solution that can make this guaranteed lifetime income is a fixed index annuity.
To ensure you have enough saved up to enjoy all of these activities, be sure to create a retirement plan that outlines the income you need to cover both planned and unexpected expenses.
Tax deferrals that most IRAs, retirement and profit-sharing plans are afforded don’t last forever. Whether you’re ready for retirement income or not, IRS rules require that you start drawing down your savings from certain types of accounts when you reach a certain age.
Annuities are often misunderstood. Many people may find them difficult to understand and navigate these insurance products due to misinformation, rumors, and myths. As a result, many individuals are put off from the idea of purchasing an annuity.
Creating a retirement plan is now more critical than ever. Including an annuity as part of your overall financial strategy can help you grow and protect your retirement savings while providing income for the future.
FIAs offer the opportunity for tax-deferred growth, and many give you the option to generate guaranteed, lifetime income within the same product while protecting your premium from market volatility.
