Indexed Interest Potential

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Indexed Interest Potential

Many factors affect whether an annuity product could play a part in your retirement income strategy. Every person has a different life situation, goals, and needs. It’s important to take the time to learn if a particular product will fit your situation. How much you have in total assets, for example, will impact whether or not an annuity could be a good option for you.

Additionally, It’s important to ask: What are your income needs? An annuity can provide you with enough income to live off of, paying for your retirement living expenses. And, still, leave something behind for your beneficiaries. A fixed indexed annuity (or FIA) holds onto your initial contribution and keeps it protected in a reserve. This way, your money isn’t at risk of a loss in the event of a stock market drop. Furthermore, an FIA provides a reasonable rate of return** based on the performance of an index. This makes it more beneficial than many other “safe” accounts, such as CDs, which tend to provide disappointing returns.

Annuity Income Options

It’s advantageous that you get informed about how annuity income works. An annuity may be an excellent option for some retirees, but it may not be the right choice for others. An FIA offers protection and a reasonable rate of return,** which may make it favorable compared to other options. But, your situation may not be optimal for using an FIA. We can’t answer that until we get to know you. Schedule a one-on-one meeting with us so we can talk about your situation. Or, you could attend one of our educational dinner seminar events first, where we can help you learn more about your options and the factors that may affect your retirement. These events are also no-cost, and come with a delicious gourmet dinner.

Senior couple enjoying themselves on a ferris wheel while discussing their retirement annuity income options

You Can Depend On Annuity Income

Some options carry built-in risks: Some investments are definitely riskier than others. With an FIA, though, it’s not an investment. There is only guaranteed* safety, no matter what happens in the markets. However, annuity income is based on the performance of an index. This means it could provide you with a lifetime source of income.

Just think about how many years of retirement you could have ahead of you. More and more retirees are living well into their 90s nowadays. Many retirees worry about whether their money will last them the rest of their life. An FIA may be an excellent option to consider if you want to secure your principal. A flow of guaranteed* annuity income for the rest of your life could certainly provide you confidence and peace of mind when it comes to your retirement. And an FIA may be able to provide this.

A magnifying glass looking at annuity income interest rates on a graph.

Annuity Interest Rates

What you get in interest from an annuity depends on a few variables. Different insurance companies offer different annuities, and each individual annuity contract has different rules. Each of these has its own set of rules and benefits. The rate you get could change from one annuity product to the next. Here at Redelsperger Financial Group, we work with highly reputable insurance companies with solid business models. Reach out to us to learn more about these products and if they might be right for you. We can discuss your options and what your potential interest rate may be.