Renwanz Insurance & Financial Solutions, Carlsbad, CA
There are a lot of different kinds of annuities available from dozens (perhaps even hundreds) of insurance companies. Annuities are offered by insurance companies and primarily used as a means of securing a steady cash flow during retirement years. In many ways, an annuity is very much like a pension plan offered by a company for retirement.
Perhaps the best feature of an annuity is safety. Insurance companies are rated as a measurement of financial strength and have proven over the past 125 years or so to have financial stability second to no other type of financial institution.
In today's world where fewer and fewer employers offer a pension, planning for a reasonable retirement income stream seems to be challenging for most workers. An annuity (or even several) can provide the type of retirement income security that previous generations have enjoyed.
Should an annuity be the only retirement income vehicle for you? Absolutely not. Your retirement income plan should be balanced in a way that works for you. You should always seek the advice of a qualified retirement income planner so that strategies and products can be tailored to your individual situation.
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Perhaps the best feature of an annuity is safety. Insurance companies are rated as a measurement of financial strength and have proven over the past 125 years or so to have financial stability second to no other type of financial institution.
In today's world where fewer and fewer employers offer a pension, planning for a reasonable retirement income stream seems to be challenging for most workers. An annuity (or even several) can provide the type of retirement income security that previous generations have enjoyed.
Should an annuity be the only retirement income vehicle for you? Absolutely not. Your retirement income plan should be balanced in a way that works for you. You should always seek the advice of a qualified retirement income planner so that strategies and products can be tailored to your individual situation.