Annuities
An annuity is a financial product that can provide a steady stream of income over a set period of time, typically for the rest of one’s life. Annuities can be particularly beneficial for people approaching retirement, as they can provide a reliable source of income during a time when traditional sources of income, such as a salary or wages, may no longer be available.
Annuities can also be customized to meet the specific needs and goals of each individual client. For example, some annuities may offer a higher payout rate for a shorter period of time, while others may offer a lower payout rate for a longer period of time. Our team at Mandelah Financial can work with clients to determine which type of annuity would be the most beneficial for their individual needs and goals.
15 reasons why annuities can be good for retirement:
- Provide a guaranteed stream of income for life.
- Protect against outliving your savings.
- Offer a predictable source of income.
- Can be customized to meet individual needs and goals.
- Provide tax-deferred growth.
- May offer tax advantages.
- Can provide a hedge against inflation.
- Protect against market volatility and downturns.
- Offer peace of mind and financial security.
- Can be used as a part of a diversified retirement portfolio.
- May offer higher payout rates than other retirement options.
- Can offer protection from creditors and lawsuits.
- May provide a death benefit for beneficiaries.
- Can help manage and distribute retirement income.
- Can be structured to provide income for both the annuitant and their spouse.
Cost
of Work
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