Annuities can be staggeringly complex and can be purchased for the wrong reasons, creating a terrible experience or hurting your ultimate goals. In truth, they are a tool and, if used correctly, can provide incredible benefits and opportunities.
We are committed to educating you on every available possibility and will only advise you to invest in something that will help you effectively achieve your goals.
What is an annuity?
A pension is a type of annuity. Annuities are investments that can help you increase savings, protect your savings or generate a steady stream of reliable income that you can’t outlive. A pension is annuity—it is a fixed amount of monthly income that pays you for the rest of your life.
How do I know if it’s right for me?
Ultimately it’s your decision, one that we’ll help you understand the cost & benefit of, but it’s usually most beneficial if:
- You’re a high-income earner in a high tax bracket and looking for more tax-advantaged saving vehicles
- You want to take a lump sum of money and convert it into a stream of steady income
- You want to add regularly to an account that allows you to build and maximize a personal or family-based lifetime income