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Annuities for Retirement Planning
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Immediate Annuity
Provides income payments that start shortly after a single premium is paid. Suitable for retirees looking for immediate income.
Deferred Annuity
Delays payments until the investor elects to receive them. Suitable for long-term retirement savings.
Fixed Annuity
Offers a guaranteed fixed payment amount. Suitable for individuals seeking a predictable income stream.
Variable Annuity
Provides a variable payment amount based on the performance of the chosen investment options. Suitable for those willing to take on more risk for the possibility of greater returns.
Indexed Annuity
Offers returns based on a specified equity-based index. Suitable for those seeking a balance between fixed and variable annuities.
Immediate Variable Annuity
Combines features of immediate and variable annuities, offering the potential for higher payouts soon after investment based on the performance of the underlying assets.
Longevity Annuity
Designed to begin paying out at a later stage in retirement, this annuity helps protect against outliving other retirement funds. Suitable for those with concerns about longevity risk.
Qualified Longevity Annuity Contract (QLAC)
A type of deferred income annuity purchased within a qualified retirement plan. It allows for deferral of RMDs until payouts begin. Suitable for those looking to minimize RMDs prior to need.
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