What is an Annuity?
An annuity is an insurance product that can help protect you against the risk of outliving your money. It generally comes in two forms: deferred and immediate.
Deferred annuities allow you to save money tax-deferred that you could turn into income in the future. Immediate annuities let you quickly turn some of your savings into a reliable income stream.
Annuities have many benefits. They can help you live more comfortably and predictably during retirement as they can provide you with a guaranteed lifetime income and ensure that you are not at risk of outliving your savings.
- Protect your principal with no downside risk
- Opportunity to participate in the upside of the S&P 500 or other indices
They provide the ability to protect your principal against market volatility while still having the ability to participate in the market.
- Protect your principal with zero market risk
- Competitive interest rate due to the high interest rate environment
They’re also a great option for high-income individuals who may max out their contribution limits on other retirement accounts.
We can help determine which annuity is best for your retirement plan. Reach out to us at 215-579-5601 or info@ewmginc.com.
As always, if you have any life changes or updates (i.e., new job, promotion, marriage, new baby, new grandchild, etc.) that may affect your current insurance and investing strategy, please contact us at 215-579-5601.
Stacy Brilliant, Chief Operating Officer
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