Annuities as a Pension Alternative
Annuities as a Pension Alternative
With traditional pensions becoming less common, annuities offer a reliable alternative by providing a steady income stream throughout retirement. Annuities allow for customization, tax-deferred growth, and protection against market risk, ensuring long-term financial security.
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Common Myths About Annuities
Buying an annuity can be a good alternative to a traditional pension. With pensions becoming less common, an annuity allows you to create your guaranteed income stream for life, similar to the steady payments you would receive from a pension.
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You can customize annuities to fit your needs. Whether you want payments to start immediately or later, or you need an option that provides benefits to your spouse or heirs, there are multiple types from which to choose.
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While pensions used to be a standard retirement plan, they are disappearing in many sectors. An annuity allows you to fill that gap, providing peace of mind in knowing you’ll have a reliable income during retirement. If you’re thinking about using an annuity to replace a pension, it’s crucial to understand your financial goals, your risk tolerance, and the specific features of the annuity you’re considering. Contact us today for expert guidance!