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Don’t buy an annuity if you are trying to get it ALL at a very high level – growth, income, LTC, inflation riders, etc. Some annuities are better for different reasons and you should be aware of the the different types out there….(read more)
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Get it ALL from just one annuity?
An annuity is a financial product that can provide a steady stream of income for a specified period, often throughout retirement. It is commonly used as a way to secure a reliable source of income in addition to other retirement savings. But did you know that with the right type of annuity, you can get it ALL?
When most people think about annuities, they think about a monthly payout for the rest of their lives. However, there are other types of annuities that can provide additional benefits. For example, some annuities offer a lump sum payment in addition to the monthly income, while others allow the holder to access their funds as needed, without incurring penalties.
One such type of annuity is a fixed index annuity. This type of annuity offers a guaranteed minimum interest rate, as well as the potential for higher interest earnings based on the performance of a stock market index. With a fixed index annuity, you can receive a steady stream of income while also having the potential to benefit from market gains.
Another type of annuity that offers flexibility and growth potential is a variable annuity. With a variable annuity, the holder has the opportunity to invest in a selection of sub accounts, typically consisting of stocks, bonds, and mutual funds. This can provide the opportunity for higher returns compared to a fixed index annuity, but also comes with greater risk.
One of the key benefits of having just one annuity that offers a variety of benefits is the simplicity and convenience. Instead of dealing with multiple financial products and accounts, having a single annuity that provides both income and growth potential can simplify your retirement planning and management.
Additionally, having the ability to access a lump sum or withdraw funds as needed can provide peace of mind and financial security. Whether you need to cover unexpected expenses, make a large purchase, or simply want to have access to your funds without restrictions, a flexible annuity can provide the flexibility you need.
In conclusion, with the right type of annuity, it is possible to get it ALL. From a steady stream of income to the potential for growth and the flexibility to access your funds as needed, a single annuity can provide a comprehensive solution for your retirement needs. If you are considering an annuity as part of your retirement planning, be sure to explore the different options available and find the best fit for your financial goals and needs.
Like what you hear in the video? Watch the whole video here: https://youtu.be/YgrUoZncz30
Here are some ways I can help:
1. Watch my free training on how to protect & grow your wealth in retirement: https://info.theannuityassociates.com/start
2. Schedule a call to work with me: https://go.oncehub.com/RetirementStrategyCall