After
spending their working lives building up a comfortable nest egg, ironically the last thing on the minds of many
retirees is to how to spend it. The biggest fear of most people is "Outliving
their Savings"
How prepared are you for retirement? Financial experts agree that you'll
need 70% to 80% of your pre-retirement income to maintain a comfortable retirement. Social Security and a company
pension can help, but for many people retirement income comes from personal savings.
Annuities have two major advantages for helping build financial security:
1. Your earnings accumulate on an income tax-deferred basis, so your retirement
fund grows faster.
2. You choose from
a variety of payout options, including a secure and steady income stream that you cannot outlive. |