Although annuities come at a significant cost, they may be a suitable insurance product. Given that retirement funds may need to provide income for 30+ years, longevity is a big risk. An annuity can provide you with a flow of income that you cannot outlive. Plus, its internal growth is on a tax-deferred basis.

You can select an annuity to cover your life only, and at additional cost, have a percentage of your benefits continue to your spouse after your death. This provides your spouse with a baseline of guaranteed lifetime income. Read More→

An annuity is a way to save for retirement on a tax-deferred basis and be provided an income stream over your life and, optionally, the life of your spouse. An annuity can be looked at in two ways; as an insurance vehicle to secure lifetime income; and as an investment. Your needs will determine whether or not an annuity is right for you.

Annuities are products, sold by insurance companies that typically provide a stream of future income in return for an up-front cash outlay. You can choose a lifetime income payout, among other options. Thus, as an insurance vehicle, the annuity can provide you with a flow of income that you cannot outlive (provided the insurance company remains solvent).

There are many fees associated with annuities. Read More→