Retirement Annuity Plan | (Company Name)

Retirement Annuity Plan

Have you ever asked yourself the question, what does my ideal retirement lifestyle look like? What about, how am I going to fund my lifestyle in retirement? If you are considering what your needs are going to be at retirement, you need to talk to an advisor about the best annuity plan you can get to pay for basic needs at retirement at the very least. An individual retirement annuity can help to ensure that you can have the lifestyle you desire. We offer the best retirement annuity plans. (Company Name) offers retirement annuity contracts. You can depend on us for your retirement financial needs. Contact today!

Retirement Annuity

A retirement annuity can help you cover your basic needs when you retire. Many people find that a retirement annuity can assist in growing their retirement savings and creating protected, guaranteed income they can use to cover general expenses and contribute to having the life they want to live in retirement. A retirement annuity is a contract between an individual and a life insurance company. A retirement annuity can be purchased with part of your retirement savings with a single payment or many payments over time. Depending on the retirement annuity you select, of course. When you are the owner of a retirement annuity, growth in your account can be tax-deferred. A retirement annuity is a solid component of a smart retirement plan because a retirement annuity can ensure your retirement income is protected whether the market falls or not. It does not matter how your other investments are performing, because an annuity can provide you with a source of protected income that other financial products do not provide.

Best Annuity Plan

A retirement annuity plan is a type of financial product that can ensure regular income is there for retirees when they reach retirement age and well into their retirement. The idea behind a retirement annuity plan is to give retirees the ability to attain income after they retire. A retirement annuity plan (RAP) is a kind of retirement plan that is similar to that of an IRA which provides a regular stream of income distributions to the retiree. Conditions such as time between disbursements and amounts of disbursements can be defined and the kind of annuity issued can change the conditions. There are many kinds of retirement annuities offered. Depending on your situation and individual needs, one type may work better for you than another. The best annuity plan is the one that works for you. A retirement annuity plan advisor can help you decide what that means.

Immediate Retirement Annuity

An immediate retirement annuity is an annuity that can be purchased in one lump sum, and the payments on it begin directly after the entry into the contract period, meaning there is no accumulation phase on an immediate retirement annuity. An immediate annuity is good when you need to turn a large amount of money into a source of income, for example – a pension. It is not used often because there is no accumulation phase. It works for wealthy people who want to retire and purchase a passive income source.

Fixed Retirement Annuity

People who get a fixed annuity can decide in advance how much they will receive when they enter the distribution phase. A fixed annuity gives the ability to fix the rate of return for a predetermined number of distribution periods for life. Usually, fixed annuities are conservative given that the rate of return is about equal to the rate of return on a Certificate of Deposit (CD).

Variable Retirement Annuity

Different than fixed annuities, variable annuities have other ways of operating. The final value of distributions that an individual would accumulate from the investments they made during the accumulation phase is dependent on the performance of the investment options selected. Individuals usually use mutual funds that invest in market products like bonds or stocks.

Deferred Retirement Annuity

Payments on a deferred retirement annuity begin after a selected period. The period can vary from one year to several years or even decades. A deferred annuity is used frequently to organize payments from a pension.