As the market plummets, your trust in the investment industry follows the same pattern. You work hard for their money and especially as you near retirement age, you wish to avoid having money in dodgy investments. Most independent insurance agents have the facility to help folks invest sensibly so that they can still earn interest and keep their money safe. Here are a few key reasons why you should think about fixed annuities.
1. Fixed annuities provide safety with an interesting rate of interest that you can't get in a CD or high-interest account.
2. The closer you are to retirement, the more you should be lowering your investment risk and moving into an amassing phase. The very last thing you wish to do is make risky investments, or keep current dodgy ventures open. A fixed annuity will still offer you a secure place to keep your money and still earn interest.
3. Consider the advantages to your estate. How often do you hear of a family being ripped to shreds because they fight over the assets of a family member who has passed away. With an annuity, you get to name the beneficiary and generally avoid the probate process so your successors can receive swift benefits and it doesn't have to go through a will. Each beneficiary can receive their portion without others knowing the details. This type of insurance leads to peace of mind.
4. Annuities provide both safety and expansion, and offers options to draw funds as the policy gains value. Many retirees actually use payments out of their annuity investments to bolster their retirement income.
5. Consider the tax advantages. There are not many tax advantages in hedge funds; but fixed annuities supply a tax deferment option that can help with your taxes.
Arrange an appointment to chat to a local agent who is an authorized allowance expert (CAS) to help define a finance plan that will keep your hard earned money safe.
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Tags: annuity insurance, choosing an annuity, fixed annuity, Insurance