Fixed Annuities
Maximize Your Retirement: Explore the Benefits of Fixed Annuities
Are fixed annuities the key to secure retirement income?
Contact us today to discuss your options.
A fixed annuity is akin to a CD-type investment offered by insurance companies. You contribute funds, either in a lump sum or through periodic payments, and receive guaranteed payments in the future, either for a specified period or throughout your lifetime.
How Can Fixed Annuities Aid Retirement Planning?
Fixed annuities serve as a means to save for retirement while ensuring a steady income post-retirement. They offer numerous advantages, such as:
-Tax-deferred growth potential. -Shielding from market downturns, which is particularly beneficial for combating rising medical expenses and inflation. -Flexible income options. -Joint-life payout for you and your spouse during retirement. -Death benefit for beneficiaries or a cause you support.
Fixed annuities come in two forms: immediate and deferred. Deferred annuities accumulate interest over time, while immediate annuities provide fixed payments during retirement based on your age and the annuity's value. Fees associated with fixed annuities vary by type and amount, and understanding these costs may require professional guidance. If you're considering a fixed annuity to enhance your retirement prospects, our agents at Eastern Insuring Agency in Plattsburgh, New York, can assist in finding the ideal insurance solution for you and your spouse.
How Can Fixed Annuities Aid Retirement Planning?
Fixed annuities serve as a means to save for retirement while ensuring a steady income post-retirement. They offer numerous advantages, such as:
-Tax-deferred growth potential. -Shielding from market downturns, which is particularly beneficial for combating rising medical expenses and inflation. -Flexible income options. -Joint-life payout for you and your spouse during retirement. -Death benefit for beneficiaries or a cause you support.
Fixed annuities come in two forms: immediate and deferred. Deferred annuities accumulate interest over time, while immediate annuities provide fixed payments during retirement based on your age and the annuity's value. Fees associated with fixed annuities vary by type and amount, and understanding these costs may require professional guidance. If you're considering a fixed annuity to enhance your retirement prospects, our agents at Eastern Insuring Agency in Plattsburgh, New York, can assist in finding the ideal insurance solution for you and your spouse.
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