05 Nov How Annuities Can Boost Your Retirement Income: A Comprehensive Guide
Annuities and Retirement Income
Retirement income often falls short of what’s needed to maintain a comfortable lifestyle. Annuities offer a solution by providing a steady income stream that lasts through retirement. This article covers the benefits of annuities, types available, and how they fit into a retirement plan. (How Annuities Can Boost Your Retirement Income)
Types of Annuities
- Fixed Annuities: Offers guaranteed payments, ideal for conservative investors.
- Variable Annuities: Linked to market performance, suitable for those with a higher risk tolerance.
- Fixed Indexed Annuities: Blends stability with growth potential, providing market-linked returns with downside protection.
How Annuities Work in Retirement
Explaining how annuities provide predictable income, protect against market downturns, and defer taxes until withdrawal.
If you’re looking for ways to supplement your retirement income, an annuity could be the answer. Reach out to The Policy Shop to find the right annuity for your retirement needs.
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