Retirees today have worked hard for their money in the hopes that someday their money will work hard for them. Retirees are faced with the ever-increasing costs due to inflation, rising costs of health care, market volatility and multitude of other issues that affect pre and post retirement. The nest egg seems to be decreasing, leaving inadequate amounts to live even a modest retirement life style. The forces some retirees to re-think their retirement, changing the scope of the retirement they had once dreamed and planned for.
What if there was a safe place for retirees to put their money and still participate in the market-like returns? What about a guarantee without the risk of loss in principal and credited modest gains? Think of the possibility of protection against inflation, protection against outliving ones nest egg or the ability to avoid probate at death. What if there was a safe place that offered preferential tax treatment where gains are not taxed until distribution and may provide some health care benefits in cases like unexpected confinement, disability and terminal illness? Wouldn’t this be ideal? Sounds too good to be true? Well, it’s not. This can all be found in an annuity.
Believe it or not, annuities have been around since the days of the Roman Empire. Over those retirees who are looking for a safe harbor to protect their nest egg. There are a multitude of annuities that address needs ranging from providing a guaranteed lifetime of income to generating funds that can be passed on to future generations. While avoiding taxation during the deferral period and passing on a financial legacy which ultimately avoids legal headaches that can sometimes lead to dissension within your family core after death.