Do you know that it is possible to earn a steady income even after retirement if you plan extremely well and manage your current funds and post retirement benefits effectively? This is very true if you place funds in an annuity for retirement plan. If you have invested heavily in such a plan, you may even qualify for a lifetime income whereby payouts will be sent to you either on a monthly, quarterly or annually basis.
It’s extremely amazing how only few of us that get to age 65 would be able to cater for our needs. If while working we do not have enough, there is a high possibility that we will have less than enough to live on in retirement. Annuities for retirement can help close this gap and ensure we have enough to live on after our working years.
Over the years, we have noticed increasing cases of losses arising from investments in stocks and bonds due to market recession. The life expectancy of the average American is increasing steadily as well. It is important to note that even retired persons that have lots of assets right now may not be adequately prepared for the years ahead. So how do you convert your assets to a monthly income that you never thought could be yours? Annuities for retirement serve as an excellent solution.
The market rates for annuities differ so much between insurers and states. A comparison of what you need to put down for a steady stream of income is also an important point to check out. You may decide to compare with other investment products. It would however be wise to consider how risky those investment products may be and the rest of mind that comes from the safety net provided by a retirement annuity.
A retirement annuity may provide you with an income opportunity that you may never outlive, giving you the opportunity to leave some inheritance in case death comes. It is also important that you thoroughly understand an annuity product and the performance guarantees that it offers before putting your money into it. While you plan to have an income that will outlive you, it is important to shield yourself from reduced payouts from the insurance companies or higher expenses to them.
To get started, enter your zip code on the top of this page, and then answer some basic questions. This will help you to compare annuity plans from multiple providers for FREE to determine your highest eligible rate. It is important to provide accurate questions to these answers as our pool of providers will provide you with different rates depending on your individual circumstance and situation.