Understand the primary reasons, consumers purchase an annuity as part of their retirement savings plan.
Tax-Deferred Growth
A Guaranteed Income For Life
Never Outliving Your Retirement Savings
Keep Up With Inflation
Protection From Creditors
Protection From Stock Market Volatility
Avoid Probate
Pay Long-Term Care Expenses
Earn a Fixed Interest Rate
Utilize Medicaid Without Going Broke
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2. Tax-Deferred Growth
A Guaranteed Income For Life
Never Outliving Your Retirement Savings
Keep Up With Inflation
Protection From Creditors
Protection From Stock Market Volatility
Avoid Probate
Pay Long-Term Care Expenses
Earn a Fixed Interest Rate
Utilize Medicaid Without Going Broke
The Annuity Expert
4. Unlike most financial or retirement plans, the taxes on annuities are
deferred instead of paid annually.
The taxes from an annuity are paid when money is withdrawn from
the annuity which is typically in the future.
As a result, annuity owners take advantage of “triple
compounding” which is interest compounding on the premium, the
earnings, and the money that would go to pay taxes each year.
The Annuity Expert
6. Annuities are the only financial product currently
that distributes a guaranteed income for life even
after the annuity has run out of money.
The Annuity Expert
7. Some keep up with inflation too.
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10. Some annuities offer many enhanced features to
offset long-term care expenses for nursing homes,
assisted living, and home health care.
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15. To take advantage of your state's Medicaid
program, one must be considered destitute or
"broke" to be eligible for the program.
The Annuity Expert
16. This annuity allows these individuals to maintain
some of their assets, and still take advantage of
the Medicaid program without going broke.
The Annuity Expert
17. Tax-Deferred Growth
A Guaranteed Income For Life
Never Outliving Your Retirement Savings
Keep Up With Inflation
Protection From Creditors
Protection From Stock Market Volatility
Avoid Probate
Pay Long-Term Care Expenses
Earn a Fixed Interest Rate
Utilize Medicaid Without Going Broke
The Annuity Expert