Annuities are one of the many investment products we use at Financial Balance Group, LLC to help our clients with retirement planning. Depending on your age, primary concerns and overall investment objective, an annuity could provide great value to your personal retirement plan.
An annuity is an insurance product generally intended to help protect you against the risk of outliving your assets, or running out of money during retirement. It is an insurance contract between an insurance company and an annuitant (investor) and has the primary goal of accumulating and protecting retirement assets to eventually distribute through a lump sum payment or guaranteed income stream.
Depending on your circumstances, an annuity could provide significant value during retirement. Amongst the many benefits of annuities, here are just a few:
Financial Balance Group, LLC offers a variety of annuity options which are carefully reviewed to best fit each client’s individual needs and circumstances. Depending on an investor’s risk tolerance, time frame and investment objective, one type of annuity may be more advantageous than another. For general understanding, there are two primary types of annuities we offer:
Purchasing an annuity is similar to initially investing in any other investment account – the investor, or annuitant, can either make a single deposit or periodic payments. Unique to annuities, the annuitant can also select whether to begin taking immediate income distributions or to defer distributions until a future date.
Annuities can be a great option for many adults approaching retirement age. Call 888-513-2300 or request a complimentary consultation today to have one of our financial representatives assist you in assessing whether an annuity could help you reach your financial objectives for retirement.
Variable Annuities are sold by prospectuses only. Prospectuses contain important information including fees and expenses. You should read the prospectus carefully before investing or sending money. You should also carefully consider the investment company’s investment objectives, risks charges and expenses before investing.