Did you know that there is a thing that protects you from living too long? Read this.

Putting away money for retirement can be an arduous process. Once you figure out how much you need to save to retire, the real planning begins.

In this episode of the New Nomad, Paul Tyler (CMO of the Nassau Financial Group) discussed annuities and how it offers exposure to the market’s upside while protecting against the effects of market declines on your account value or future income.

Annuities can help you supplement your retirement income, but they aren’t necessarily right for everyone. But as with any other contract, be sure to understand first what you’re getting yourself into.✨

Do you agree? Comment ❤️ if you do.

Tune in to the full episode here:

#wifiwealth we love #workingfromanywhere and live #expatlifestyle do some #remotejobs to embody #digitalnomadspirit and #workingremotely for the #digitalnomadlifestyle take in the #nomadiclifestyle with #digitalnomadgirls #Finances #Annuity #FinacialTerms #DebtFree #FinancialPlanning #FinancialFreedom…(read more)

LEARN MORE ABOUT: Retirement Annuities

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An annuity is a financial product that can provide a steady income stream in retirement or during other periods of financial need. Annuities are typically offered by insurance companies, and they can be a valuable tool for individuals looking to secure their financial future.

There are several different types of annuities, but they all share the same basic function: to provide regular payments to the annuitant over a period of time. These payments can be fixed or variable, depending on the terms of the annuity contract.

One of the key benefits of an annuity is that it can offer a guaranteed income stream for life, which can provide peace of mind and financial security in retirement. Annuities can also be used to protect against market fluctuations, as some types of annuities offer guaranteed minimum returns.

In addition to providing a steady income stream, annuities can also offer tax advantages. While annuity payments are typically taxed as ordinary income, the growth of the annuity account is tax-deferred, meaning that taxes on the earnings are not due until withdrawals are made.

Annuities can also provide a death benefit to beneficiaries, which can be a valuable tool for estate planning. By naming beneficiaries on the annuity contract, annuitants can ensure that their loved ones will receive a portion of the annuity payments in the event of their passing.

Overall, annuities can be a valuable financial product for individuals looking to secure their financial future and provide for themselves and their loved ones. By offering a guaranteed income stream, tax advantages, and death benefits, annuities can help provide peace of mind and financial security in retirement and beyond.