Have You 'Driven' The Newer Annuities? A Possible Faster Way To Meet Your Retirement Income Needs
Read the full article at: Money Chat with Diane
When preparing for retirement, many feel excited about beginning the next chapter. Ideas about what they'll do, where they'll go, and with whom begins occupying more time and space in their mind. Then, as reality draws nearer, their thoughts tend to move in a different direction. What will replace my current income? Will my assets last as long as I need them to? Should I be changing my investment style or products?
What Makes Annuities Attractive: When considering a new car purchase the make, model and added options are all important features one considers. That same decision process is true when shopping for an annuity.
Annuities have evolved in their effectiveness, options, and individuality and if purchased over 5 years ago, it may be prudent to compare it against the newer annuity "models" to ensure your current annuity adequately meets your retirement goals.
Over the last decade we have seen an increase in the number of individuals who include annuity products in their investment portfolio. With guaranteed lifetime income; the absence of market volatility risk; COLA increases to stave off inflation and the opportunity to capture growth, it is no wonder the annuity has become a "go-to" product for many nearing retirement.
Interested in knowing how much income an annuity may generate for you? Try our free 'online tool'. You've worked hard to reach retirement, time to ensure your investment works hard for you.
*Guarantees are subject to the claims-paying ability and principal strength of the annuity issuer.*
EDWARDS & ASSOCIATES, FINANCIAL SERVICES, INC.
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