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“Securing Your Financial Future”: Understanding the “Safety Benefits of Fixed and Indexed Annuities”

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How To Protect and Secure Your Financial Future From Losses

Are you looking for a safe and secure way to protect and grow your retirement savings? In today’s financial landscape, it is more important than ever to consider the role of fixed and indexed annuities in helping protect and grow your retirement savings. By diversifying your investment strategy with these financial products you can ensure a stable income stream for your golden years, providing financial security and peace of mind as you plan for a comfortable and worry-free retirement. Fixed Annuities and Indexed Annuities offer a unique combination of stability, safety, growth potential, and tax advantages that make them an ideal choice for your retirement portfolio.

Here are 10 reasons why you should consider using Fixed and Indexed annuities to help “Safely Protect & Grow” your retirement dollars.

1. Fixed and indexed annuities can provide guaranteed income for life. Unlike other investments that can fluctuate with the market, annuities can offer you a guaranteed stream of income that you can’t outlive. This can provide peace of mind and financial security during your retirement years.

2. Annuities offer tax-deferred growth. Any interest earned on your annuity is not taxed until it is withdrawn, allowing your money to grow faster and giving you more control over when you pay taxes on it.

3. Annuities protect against market downturns. With fixed and indexed annuities, your principal and previously credited interest is protected from any market losses. This can be especially important as you near retirement and want to ensure that your savings are not at risk. **Remember the closer you get to retirement the harder it is to recover from a loss.**

4. You can choose from different types of annuities. Fixed annuities offer a fixed interest rate, while indexed annuities allow you to earn interest based on the performance of a market index like the S&P 500. You can choose the type that best fits your risk tolerance and retirement goals. You could also use a strategy that combines both fixed and indexed annuities.

5. Annuities can be customized to fit your needs. You can choose the length of your payout period, the frequency of payments. Some fixed indexed annuity plans offer a “Guaranteed Lifetime Income Rider” which allows your income account (money you will be using for your retirement income each month) to earn anywhere from 8% up to as high as 12% for up to 10 years.

6. Annuities provide a steady stream of income in retirement. Annuities can be structured to provide a regular income stream, similar to a pension or Social Security and provide a guaranteed income for life. This can help you budget and plan for your retirement expenses.

7. Annuities can help you save for retirement if you’ve maxed out other options. If you’ve already contributed the maximum amount to your 401(k) or IRA, annuities can be a great way to continue saving for retirement in a tax-advantaged way.

8. Annuities can be used to fund long-term care expenses. Some annuities offer riders that allow you to access the funds for long-term care expenses without penalty. This can be a valuable addition to your retirement plan.

9. There is no contribution limit for annuities. Unlike other retirement accounts, there is no limit to how much you can contribute to an annuity. This makes it a great option for those who want to save more for retirement.

10. Annuities can be passed on to your heirs. If you don’t use all of your annuity funds in your lifetime, the remaining balance can be passed on to your beneficiaries. Annuities also by-pass probate which is a key feature to have. This can be a valuable legacy to leave for your loved ones.

Don’t Believe What Some So-Called Financial Advisors Say…

You may have heard some financial advisors on tv or the internet who tell their clients and anyone who will listen to stay away from annuities because they are not safe. It depends on what type of annuity they are talking about. What these financial advisors forget to tell is they are only talking about “Variable Annuities”. You can lose both principle & interest in any down year in a “Variable Annuity” because they use stocks & mutual funds to grow your money.  “Fixed & Indexed Annuities” are not Variable Annuities…. They try to group Fixed & Indexed Annuities in with Variable Annuities which is very misleading. You cannot lose either principle or previously credited interest in a down year in the market with a Fixed or Indexed Annuity!

In conclusion, fixed and indexed annuities offer a unique combination of stability, growth potential, and tax advantages that make them an excellent choice for protecting and growing your retirement dollars.At Shanley Insurance Agency, we are dedicated to helping our clients  “Protect and Preserve” their financial futures. Contact our office today to learn more about how we can help you plan for a safe and secure retirement! 

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