What Are Annuities?
And what are your options?
Annuities are insurance contracts that provide regular payments usually during retirement. Annuities may help you grow or protect your retirement income or provide you with guaranteed income during retirement. The right annuity will help you save money while earning a reasonable rate of return.**
There are several types of annuities.
Types of Annuities
Myths About Annuities
Myths surround how annuities are earned. Some agents may say that certain annuities are not good. Why? The most common way brokers make money is by managing client dollars in the stock market. Annuities may make some agents money, but they still may not suggest them. They would rather make more money managing money in the market.
Moreover, annuities are not all the same. Some agents do offer annuities. However, many of those products depend on the market. As a result, you could lose your principal if the market crashes.
GPS Retirement is different.
We work with reputable companies that put clients’ needs first without putting their money at risk.
Choosing the Right Annuity
We use a thorough approach to determine if annuity income makes sense for you. First, we explain the market in a dinner seminar. Our retirement seminars explain the differences between annuities and most retirement vehicles. Then, we will discuss your retirement strategy individually. Here are a few factors we discuss together:
- What are annuities and the benefits?
- Where you are on the retirement journey
- Your current liquid asset holding
- The availability of that cash in an emergency
- Your comfort level with risk
- Can an annuity income cover expenses?
- All this and much more
Let’s schedule a no-cost meeting.
GPS Retirement helps clients protect their retirement income.
We understand that protecting your money during retirement is important We can provide more information on fixed index annuities.