Home / Retirement
Grow your savings without the risk of losing them.
Annuities are insurance contracts that guarantee your principal and, if you choose, a paycheck for life. They are not for everyone. Here is how they work and who they fit.
Why people move part of their savings into an annuity
- They are within ten years of retirement and cannot afford another 2008 or 2022.
- They want a guaranteed income to cover the basics, so the rest of their portfolio can stay invested.
- They have a CD maturing and want a better guaranteed rate for a longer term.
- They want to leave money to their kids without probate.
Who they are not for
- Anyone who may need all of the money in the next few years. Annuities have surrender periods, usually 3 to 10 years.
- People who want maximum growth and are comfortable with market losses.
- Emergency savings. Keep that liquid.
We will tell you plainly if an annuity does not fit your situation. That has happened plenty of times.
Annuities
Fixed, fixed indexed and multi-year guaranteed annuities compared in one table, plus what "guaranteed" does and does not mean.
Learn how annuities workRetirement review
A 45-minute conversation about where your savings are, what you want them to do, and whether an annuity or an indexed universal life policy belongs in the plan. No cost, no product pitch.
Book a review