Absolute Retirement Solutions

Annuities

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What Happens to an Annuity when the Owner Dies?

Annuities have many benefits for retirees, the most important being that they are capable of providing a reliable source of outcome that can’t be outlived. When considering whether or not to purchase an annuity, many are concerned with what will happen to their annuity when they die. They want to ensure that the wealth they’ve …

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Annuities Offer Lifetime Income Similar to Pensions

Many retired workers of past generations received pension checks that lasted their entire lives. Your parents or grandparents may have worked for one employer for the majority of their lives, and upon retirement began receiving monthly pension checks in perpetuity. It was commonly used as a main source of income in retirement, along with Social …

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Some Pros and Cons of Fixed Indexed Annuities (FIAs)

Many people are concerned about not getting a regular paycheck anymore once they retire. They are also concerned that a market downturn could wipe out a significant portion of their nest egg. Some insurance companies offer contracts called annuities, which allow a consumer to create a consistent stream of income in retirement. Some types of …

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Are Fixed-Indexed Annuities Protected?

Annuities are retirement saving products issued by insurance companies. They are designed to provide retirees with a guaranteed stream of income that they can’t outlive. Annuities provide protection against market volatility and the potential for conservative, tax-deferred growth. With many retirees citing their number one concern as outliving their money, it’s no wonder that annuities …

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What are annuities and how do they work?

If you are wondering “what is an annuity?”, it’s likely that this tax-deferred accumulation vehicle has been recommended to you by a friend or financial professional. Annuities can be a complex subject because there are multiple types and varieties, including variable annuities, fixed annuities, fixed-indexed annuities, immediate annuities, and deferred annuities. In short, an annuity …

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