As part of an overall retirement strategy, annuities can be a favorable option and guarantee an income stream for life.
The biggest advantages of an annuity are tax deferment and no maximum contribution limit.
There are two basic types of annuities: immediate and deferred; with each type offering a fixed or variable option. A fixed annuity provides a payout that is a predetermined fixed sum, while a variable annuity is tied to the performance of the overall market, a specific group of investments, or a combination of the two.
Owens Group can educate you on the benefits and costs of annuities, and help determine how well suited they are to you. Let us help assess your options and figure out an effective and secure plan for your retirement.