How do annuities work? скачать в хорошем качестве

How do annuities work?

WEBSITE - http://www.sfsinvestments.com/ FACEBOOK -   / shoreline-financial-services-216614871691556   LINKEDIN -   / 17931879   Have you heard about annuities? Chances are you have but you may not know how they work or what role they can play in your retirement. The truth is there are many types of annuities with different purposes. In a moment we will take a closer look at exactly how they can benefit you. But first, let's take a step back and talk about your retirement. The rules of retirement planning have changed. In the past Retirees could depend on a well-funded company pension supplemented by Social Security and a modest nest egg. But today with company pensions virtually non-existent, this entire model has flipped on its head. Now retirees must proactively plan for retirement using their nest egg as their primary source of retirement funds. This takes careful planning and should follow three phases. Think of it as climbing a mountain. It's not just about getting to the top you have to get safely down as well. The accumulation phase is climbing the mountain during this phase of our 30s to 50s. We assume more risk and emphasize building asset base and growth. The transition phase is reaching the top. We are now in our 60s and looking to retire. Since income from our career is ceasing it’s time to convert to investments that earn guaranteed interest. In the distribution phase is safely returning down the mountain. At this time in our 70s, the goal is maximizing our distributions and utilizing our capital to earn guaranteed income. Annuities can be a powerful tool to help retirees generate the growth and income they need across all three of these phases. Let's take a look at the different types. Fixed index annuities have a guaranteed rate but additionally have an option to receive higher yields based on market performance with protection against market declines. These types of annuities are great in the accumulation phase where interest is earned with 100 percent protection of principal multi year fixed rate. Annuities are similar to a bank certificate of deposit with typically higher interest rates. They offer tax deferred growth and a guaranteed interest rate over a fixed term. This type of annuity is perfect for the transition phase of retirement. Income producing annuities are utilized in the distribution phase and provide a paycheck for life. Retirees can leverage their retirement funds and count on supplemental income that will never run out. At Shoreline financial, we believe in promoting financial health through education and expert advice. Our team works closely with clients to build uniquely catered portfolios using annuities and other financial products to meet their retirement goals. Want to see how an annuity can work for you. Call us today for a complimentary retirement analysis at 1-877-322-0407. Take the first step to understanding your financial health and get on the path to a successful and prosperous retirement.