Income that doesn't stop when the paychecks do.
Annuities & Retirement Income
Annuities are contracts with an insurance company that can provide guaranteed income. They fit some retirement plans well and others poorly — the honest answer depends on your other assets and your timeline.
What to understand
Fixed annuities
A set interest rate for a set term, similar in feel to a CD.
Fixed indexed annuities
Growth linked to an index with a floor, subject to caps and participation rates.
Income riders
Optional features that provide lifetime income, usually for an additional fee.
Liquidity and surrender
Withdrawals above the free amount during the surrender period incur charges.
Questions worth asking
- How much guaranteed income do I actually need each month?
- What am I giving up in liquidity to get it?
- What are the fees, caps and surrender terms?
- Is the issuing carrier financially strong?
Talk it through with Daniel
A no-cost consultation is the fastest way to find out which options actually fit your situation.