If there ever was a moving target, it’s the challenge of pinning down the future solvency of Social Security. The good news is that the pendulum seems to be swinging towards the notion that nation’s fall-back retirement plan will continue to be solvent. The bad news? We all know that depending mainly — or only — on Social Security can be a tough way to live in retirement.
Annuities can be an effective way to provide the same type of steady and reliable income in retirement. There are many different types of annuities available, and just like 401ks and IRAs, annuities have some attractive tax benefits. Another plus: Annuities don’t have an annual contribution limit. That’s especially important if you’re playing catch-up in terms of retirement planning!
Questions about retirement planning and which financial products may be best for you and your family? We can help you determine whether annuities — or any of a number of other types of retirement tools — are right for you!