Worried about how long your retirement savings will last?
5 reasons to explore annuities
The state of the economy has prompted many of my clients to re-visit their retirement plans. Many are increasingly concerned about outliving their income. If you find yourself worrying about this, here are some excellent reasons to consider making an annuity part of your retirement income plan:
1. Annuity income is steady, reliable, and maintenance free. When you buy one, you know how much income you will receive and for how long.
2. Annuities are not tied to the market. You receive predictable income no matter how markets perform.
3. Annuities can be purchased with your savings or money from your RRSP. They include options that can help offset inflation, or make it easier to access income while “snow birding” in the U.S.
4. Annuities can offer income for a specified amount of time (Term Certain) or a lifetime (Life Annuity).
5. Annuities offer an established way to guarantee lifetime income—if you buy a life annuity, you won’t outlive your income.
I believe annuities are an important product that many people overlook in favour of growth-oriented investment vehicles. In fact, annuities should form a solid, reliable backbone for any retirement plan—they can give you the peace of mind that comes with knowing that you will receive a stable, predictable, lifetime income no matter what.
I will be happy to review your retirement income planning needs, and help you decide if incorporating an annuity makes sense for you. I will call you shortly to set up a meeting. In the meantime, if you have any questions, please do not hesitate to call me.
Here are links to additional information!
Protect your savings and put them to work!
Explore a Tax Deferred Annuity Match the GIC net income
Explore a Tax Deferred Annuity Maximize the net income
Best regards,
Renae
P.S. Trust your retirement income products to a company with experience. Standard Life has been providing financial expertise for more than 175 years. Visit www.standardlife.ca to learn more.
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About the Author:
I have been in the business since 1998. Started my career with Sunlife Financial and then progressed to working with a local financial institution for 5 years. As an investment broker I have access to a variety of products not available at your local financial institution. Let me illustrate how I can combine different products that can help you grow your investments and secure your retirement. Finances affect every part of a person’s life. It just makes sense to have a comprehensive plan of action.