Annuities can offer you several financial advantages.
Longer lives and heavier strain on retirement savings are causing more Americans to spend all of their 401(k) or IRA savings sooner, leaving Social Security as their only means of support. The good news is there are some retirement income products that will help extend your income for life.
An Annuity is a product from an insurance company that promises to pay you income for life, based on the option you choose. Think of it as the opposite of life insurance that only pays in the event of death. You can purchase an annuity with part of the savings you set aside for retirement.
Help alleviate the fear of running out of money in retirement and enjoy a newfound level of reassurance in an unsure financial economy by investing in annuities.
Contact 57Financial to see if an annuity is appropriate for you.