NEW from Harris Insurance’s Life and Retirement Department, we have an excellent financial tool that can provide stability and growth potential for your retirement savings: Fixed Indexed Annuities. With their unique features and benefits, fixed indexed annuities offer a compelling solution to help you achieve your long-term financial goals.
Key Advantages of Fixed Indexed Annuities:
Principal Protection:
One of the significant benefits of Fixed Indexed Annuities is their ability to protect your principal investment. Your funds are shielded from market downturns, ensuring that you don't lose your hard-earned savings.
Guaranteed Income:
Fixed indexed annuities can provide a guaranteed income stream during your retirement years. This reliable income can help you maintain your desired lifestyle, regardless of market fluctuations. Annuities can provide a stream of income that lasts for the rest of your life, no matter how long you live. As a result, this can be an excellent way to hedge against the risk of outliving your other retirement savings.
Growth Potential:
While offering principal protection, fixed indexed annuities also have the potential for growth. They are linked to specific market indexes, such as the S&P 500, enabling you to participate in market gains and benefit from increased account values. Never Worry About Losing Money in The Stock Market!
Another benefit of annuities is that they are not subject to the ups and downs of the stock market. Fixed annuities offer a guaranteed rate of return, which means you will never have to worry about losing money in the stock market. Fixed index annuities offer a rate of return linked to the stock market’s performance while protecting you from losses in a down market.
Tax Advantages:
Fixed indexed annuities offer tax-deferred growth, meaning you won't pay taxes on the accumulated earnings until you make withdrawals. This advantage allows your funds to grow faster and provides potential tax savings during retirement. You can defer taxes on your investment earnings with some annuities until you start withdrawing. This can be an excellent way to grow your money while postponing taxes on the growth. When you eventually withdraw, the money will be taxed as ordinary income.
Flexible Withdrawal Options:
Depending on your unique circumstances, fixed indexed annuities offer various withdrawal options. You can choose between lifetime income payments, partial withdrawals, or lump-sum payments, tailoring your strategy to meet your specific needs.
Estate Planning Benefits:
Fixed indexed annuities can also provide valuable estate planning advantages. They allow you to pass on your assets to your beneficiaries while avoiding the probate process, ensuring a smooth and efficient transfer of wealth. When you die, your annuity will pass to your designated beneficiary without probate. This can save your loved one’s time and money and provide them with immediate access to the money.
There are many reasons why an annuity may be a good investment for you. These are just a few of the benefits that annuities can offer. If you want to secure your financial future, an annuity may be your right choice.
Earn A Interest Rate Higher Than A CD:
An annuity may be a good option if you want a safe place to park your money and earn a guaranteed interest rate. You can earn a higher interest rate with an annuity than a bank CD.
An annuity may be a good option if you are looking for stability in retirement. Annuities can provide a reliable income stream in retirement and are a good investment for people who want protection from running out of money.
It’s no wonder Annuity Sales are projected to increase 40% in 2023 as Americans are looking for safer alternatives to investing their hard-earned assets to protect themselves as well as future generations.
To start the conversation about Fixed Annuities, please submit your quote request HERE.
