Fixed Annuities – The Ideal Low -Risk Investment

Fixed annuities offer both protection against market exposure and real growth potential for your investment. This popular investment vehicle can help you grow your retirement income and ensure that you never outlive your money.

A fixed annuity may be the ideal low-risk component of your retirement plan. Below we explore these products further to help you make an informed financial decision.

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What is a Fixed Annuity?

A fixed Annuity is a contract between you an insurance carrier in which requires the insurer to make payments to you, either immediately or in the future. The payout from your annuity may come in two ways, either a single lump sum or through income payments that can last the rest of your life. 

Fixed Annuities vs. Variable Annuities 

Fixed annuities have a fixed interest rate that guaranteed the rate of growth on your investment. 

Variable annuities offer interest rates that fluctuate depending on market performance. These products have the potential for higher yields. However, they also carry the risk of no growth and even loss of investment principle. 

Making The Investment

There are two main types of annuities, immediate and deferred.

Deferred annuities allow you to build up your investment over time through a series of income payments. Therefore, the benefits of the annuity are ‘deferred’ into the future. Once the accumulation of the annuity funds is complete, you can begin taking distributions as income payments.

Immediate annuities form through a single, one-time premium payment, making all the benefits of the annuity immediately available.

With a fixed-rate immediate annuity, you can begin taking income payments right away or delay them into the future.

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Fixed Annuities – The Ideal Low-Risk Retirement Investment

After the 2008 recession, many people came to realize the substantial risk that traditional retirement investments carry. Overnight, millions of people lost a significant percentage of their retirement savings. Savings they thought was secure.

Since 2008 many people have shifted their retirement savings into more conservative investment vehicles. However, traditional low-risk investments such as CDs and Bonds do not provide any real growth potential.  And in many cases, these vehicles fail to keep up with inflation.

Fixed-rate annuities keep your money safe and protected from market exposure. It also offers real growth potential and the option for lifetime income. 

Tax advantages

An annuity tied into a qualifying retirement plan has significant tax advantages. Retirement annuities delay your tax obligation on your investment until you begin taking income payments. This allows you to fund your annuity with pre-taxed dollars, which grows your investment at a faster rate. As a result, you have more income in retirement.

Find out more about qualified vs. non-qualified annuities.

Find Your Best Investment Option

Annuities can be complex products for individuals outside of the world of insurance, which is why only licensed agents can facilitate quotes, illustrations, and annuity purchases.

Our independent agents help you shop and compare annuity companies across the country so you can find your best investment opportunities.

Not all insurance companies are the same. The details of annuity contracts can subtly vary yet have a big impact on your retirement income.  Therefor, its critical to shop around before you buy. 

If you’re ready to explore your options, fill out the form on your screen. One of our friendly agents will assist you with a personalized fixed annuity illustration, which then you can compare among the top insurance carriers. 

Our services are free. And there’s no obligation when speaking with an agent. 

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