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Income Annuity |
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Contact our specialists on income annuity
Toll Free Help: 866-613-3636
Toll Free Help: 866-613-3636
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Contact our specialists on income annuity Toll Free Help: 866-613-3636 |
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An income annuity is a financial product that, like Social Security and company pensions, provides you with a regular stream of income payments that continue for the rest of your life or if you prefer, for a specific period of time. Given that it's the only product you can use that provides a stream of retirement income for life, an income annuity can be an important component of an effective retirement plan. When planning for retirement, many people underestimate how long they're going to live. They also tend to overestimate how long their money will last. As you plan for retirement, don't overlook two risk factors: the possibility that you'll outlive your savings and the chance that lower-than-expected investment returns will significantly reduce your portfolio. An income annuity can help insure that you do not outlive your income. Please consider that people are living longer than ever - According to the U.S. Department of Health and Human Services, if you're age 65 or older, chances are good you'll live another 20 years, which means your assets have to last at least as long. Also, poor market performance can diminish your nest egg - If you experience low or negative investment returns, especially at the beginning of retirement, your portfolio may never recover. To learn how lower-than-expected market performance can substantially affect your portfolio, see the impact of poor investment returns. With an Income Annuity You can make your assets last longer - Discover how you can make your retirement assets last longer, see Receiving longer income |
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