Annuities
Have you considered an annuity for your retirement? We can help you decide which annuity is best suited to your individual needs and financial goals.
What is an Annuity?
What is an annuity? It’s a product that may be used as an alternative way of protecting your retirement money. However, there are a number of different types of annuities. The major categories are fixed annuities, variable annuities, and fixed-indexed annuities (FIAs.)
Of these, an FIA is the one that can both protect your principal and offer a reasonable rate of return.** An FIA gains interest based on the performance of a market index, however, does not invest your money directly in the market, so you aren’t at risk of losing it.
Annuity Misconceptions
You may hear some agents say that annuities are bad. Why is this? Well, not all annuities are created equal. FIAs can provide you with protection of principal, reasonable rates of return,** and several other benefits. However, variable annuities, for example, invest your money in the stock market, and therefore do not guarantee safety. It’s important you know the difference between the different types.
Additionally, not all financial professionals have your best interests in mind. However, at Strategic Wealth Alliance Group, we do what we can to make sure our clients have the best retirement strategy in place for their own specific situation and needs. So, could an annuity be the option for you?
How Annuities Have Changed
There was a time when some options offered you a reasonable rate of return** on your money, but didn’t guarantee safety. Others, meanwhile, offered safety, but disappointing returns. However, in recent times, things have changed. Now, there are options, such as a fixed indexed annuity (FIA) that can grant you both a reasonable rate of return** and safety of principal. Get in contact with us to learn more about this option.