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ANNUITES
GEORGE WAMBI SOLUTIONS
What Are Annuities?
Annuities are financial contracts that provide a stream of income payments. They can be a valuable tool for retirement planning, offering a guaranteed income source and protection against outliving your savings.
Types Of Annuities We Offer:
- Fixed Annuities: These annuities offer a guaranteed rate of return, making them a suitable option for those seeking stability.
- Fixed Indexed Annuities: These annuities offer a guaranteed minimum return and the potential for higher returns based on the performance of a specified index.
How Do Annuities Work?
Enjoy a steady income stream in retirement with annuities. Choose from fixed, variable, or indexed options. Learn more and find the best fit for your goals.
- Accumulation Phase: During this phase, you invest money into an annuity contract.
- Payout Phase: Once you reach retirement age, you can start receiving payments from the annuity.
Annuities and Retirement Planning
- Guaranteed Income: Annuities can provide a reliable income stream in retirement, helping to ensure financial security.
- Tax Deferral: Contributions to annuities are often tax-deferred, allowing your money to grow without paying taxes until you withdraw it.
- Longevity Protection: Annuities can help protect against the risk of outliving your savings, especially if you live longer than expected.
Choosing The Right Annuity
Choosing the right annuity depends on your retirement goals and risk tolerance. Consider fixed, variable, or indexed options. Learn more and make an informed decision.
- Your Retirement Goals: Determine how much income you need and how long you want the payments to last.
- Risk tolerance: Assess your comfort level with investment risk.
- Tax Implications: Understand the tax implications of different annuity types.
- Fees and Expenses: Compare the fees and expenses associated with different annuity contracts.
