What You Should Know
Whether you are planning for the future or already
in retirement, annuities offer benefits that
make them useful financial tools.
- They can be a safe, reliable way to accumulate
money for the future.
- They are the only financial
tool that can provide guaranteed income for
life — and protect
you from outliving your savings.
- They provide
tax savings, because earnings are tax-deferred
for federal income tax purposes.
-
They offer multiple payout options for receiving
your money.
- They can help you provide for a
loved one after your death.
This article contains information to help you
understand:
- How annuities work.
- How to select and buy an annuity.
As with any financial product, you should
consult a financial planning professional for
details
and specific advice. Select a fee-only or noncommissioned
financial planning professional who is not obligated
to sell a particular company’s products.
Other
topics covered in this section are:
|
Basic Money Management
Basic Money Management