Demystifying Annuities

An annuity can be an income stream that may guarantee an increase for the rest of your life. Annuities are becoming more and more, a pivotal and important part of our clients’ retirement plans.

One of the income streams that everybody is very familiar with, is Social Security. When we reach social security retirement age, we choose how we’re going to receive that income for life. Social Security is the foundation for many people’s retirement.
There are numerous types of annuities:

• Income annuities;
• Deferred annuities;
• Variable annuities.

Each one of these products may be well worth having in your retirement portfolio.
If we had guaranteed income for life throughout our lifetime, we would have less dependence on investment and retirement accounts. Hypothetically, if I had an income need of say $100,000 a year and my social security and other annuity payments guaranteed me that amount, I would be less reliant on my investments. I could then avoid, as we have shown in prior blogs, the risk of taking out money during retirement when the market is down. The blogs and videos on retirement risks, illustrate how taking money out during down markets could have a devastating impact.

Give us a call if you’d like to learn more about the numerous types of annuities that are available and could help you potentially attain a guaranteed income for life.

Investors are asked to consider the investment objectives, risks, charges and expenses of the investment carefully before investing. Both the product and the underlying fund prospectuses contain this and other information about the product and underlying investment options. Please read the prospectuses carefully before investing.

Guarantees apply to certain insurance and annuity products and are subject to product terms, exclusions, limitations and the insurer’s claims paying ability and financial strength.

Registered Representative offering Securities through American Portfolios Financial Services, Inc. (APFS) Member FINRA/SIPC. Investment Advisory Services are offered through G&G Planning Concepts, Inc. which is not affiliated with APFS. Strategic Wealth Advisors Network and Gassman Financial Group are not affiliated with APFS.

Any opinions expressed in this forum are not the opinion or view of American Portfolios Financial Services, Inc. (APFS) or American Portfolios Advisors, Inc.(APA) and have not been reviewed by the firm for completeness or accuracy. These opinions are subject to change at any time without notice. Any comments or postings are provided for informational purposes only and do not constitute an offer or a recommendation to buy or sell securities or other financial instruments. Readers should conduct their own review and exercise judgment prior to investing. Investments are not guaranteed, involve risk and may result in a loss of principal. Past performance does not guarantee future results. Investments are not suitable for all types of investors.