A tax-deferred annuity is a long-term investment option that can give you stability and guaranteed income in retirement. An annuity is one of many products offered by an insurance company. So the same company you trust with your life insurance can also help you with retirement planning.
Let’s look at the facts:
More than half (56 percent) of pre-retirees and retirees do not expect to receive enough income from Social Security and employer pensions to cover their basic living expenses in retirement.
— Retirement Income Preferences, LIMRA, 2006.
Four in five (78 percent) nonqualified annuity owners intend to use their annuity for retirement income.
— “The Facts of Life and Annuities” LIMRA.com.
Social Security replaces approximately 41 percent of the average earner’s income at retirement and is forecast to fall to 30.5 percent.
— “The Facts of Life and Annuities” LIMRA.com.
Contact us for help with your retirement plan
Posted Thursday, June 16 2016 1:41 PM
Tags : Retirement Planning, Annuity, tax-deferred, guaranteed income, investment options, life insurance
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