Summerlin Benefits Consulting Q&AAnswer
Oct 15, 2024 - 09:39 AM
To buy an annuity and achieve financial security, you’ll want to start by selecting an annuity that fits your goals—whether that’s a fixed annuity for stable, guaranteed returns, or a fixed index annuity for growth tied to market performance with principal protection. An annuity can provide guaranteed income for life, which helps ensure you don’t outlive your savings, and offers peace of mind during retirement. Many annuities also feature tax-deferral benefits, allowing your money to grow without being taxed until withdrawal, helping it accumulate faster. You can also choose annuities with inflation protection or death benefits to safeguard your purchasing power or pass on assets to your heirs. Working with a financial advisor can help you choose the right annuity based on your risk tolerance, timeline, and financial objectives, ensuring it complements your broader retirement plan and provides the financial security you need.
