Annuities
Talk to Wealthful about your current retirement strategy and if it could be improved with an annuity.
Individualized Strategy
Could Annuity Income Work For You?
If you’re looking for an option to ensure you don’t run out of money in retirement, while keeping your savings protected, annuity income is an option to consider.
The right annuity product might allow you to earn reasonable rates of return,** without worrying about the possibility of losing your retirement savings. If the stock market drops, your money is protected. But, when the market is trending up, your money can still grow. Again, this is if you have the right type of annuity.
What’s your current retirement plan? Do you know what risks it comes with? What are your current fees? Is there a way your plan can be improved? We can analyze these questions and more with you at a one-on-one appointment and review. Reach out to us to learn more if you’re looking for a financial advisor anywhere around Honolulu, Hawaii.
Myths About Annuities
There are some myths about annuities and annuity income.
Specifically, you may have heard some agents say that annuities are bad. Why do they say this? Well, it’s important to remember that not all annuities are the same. Some of these products do, in fact, depend on the stock market. This means that, if the stock market drops, some of the money in them will be lost. However, the annuities we deal in don’t work the same way. The main product we offer is a fixed indexed annuity, or FIA. An FIA can ensure* your money is kept safe, while also getting you reasonable rates of return** over time. If these benefits are important to you, you should seek to learn more about FIAs.
Get Educated
To determine if annuity income is right for you, we use a thorough process.
First, we offer dinner seminars where we educate clients on topics like the stock market, tax laws, and the potential upsides and downsides of different retirement planning options. Next, we meet one-on-one with clients. We can discuss your individual financial retirement plan, how it suits your situation, and how it might be improved.
Annuities: Then Vs Now
In the past, annuity income options were much more limited. Some annuity products offered protection of principal, but low interest rates. Others came with better rates of return, but also came with risk. However, times have changed. You can now have both of these benefits, with the right annuity. This is the type of annuity we mainly focus on, a fixed indexed annuity, or FIA.
And those are just the two main benefits of FIAs. Additionally, an FIA can help you leave a legacy. And, because it is an insurance product and not a traditional retirement plan account, it doesn’t apply to the same tax rules as many other options. You can contact us for more details.