So WHat Are Annuities?
Padlock Retirement is your Annuity Expert. Cut through
misinformation to learn the good, bad, and misunderstood.
misinformation to learn the good, bad, and misunderstood.
What should we expect next?
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Types Of Annuities & Their Intended Purpose
The word "annuity" is a very broad term that has a lot of misinformation swirling around it - depending on who you talk to.
Simply put, an annuity is a financial product that can be customized to give you lifetime guarantees in retirement. Whether that is income, interest, death benefit, market protection, or another purpose, there is usually a fit for your unique situation.
Simply put, an annuity is a financial product that can be customized to give you lifetime guarantees in retirement. Whether that is income, interest, death benefit, market protection, or another purpose, there is usually a fit for your unique situation.
Fixed Annuities
For those who want a guaranteed interest rate without market participation (minimal risk, but still a chance to grow money at a set interest rate).
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Fixed Index Annuities
Best for a chance of upside gains in a good market
while also receiving a level of protection from an inevitable downturn or a crash. |
"Saying you don't like annuities is like saying you don't like food. You may not like vegetables, but you can't say you don't like all food because of one particular type"
- Padlock Retirement
- Padlock Retirement
Variable Annuities
V.A option's are a choice for those who want long-term opportunity for growth in the market and who are able to handle the risks of ups-and-downs. This type of individual is typically not a good fit, when we talk about keeping the money you have worked hard to accumulate.
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Immediate Annuities
Designed for those who plan to withdraw money immediately or has access to other retirement income and wants guaranteed income for the rest of their life or a set period of time. This is only a fair option when you need to fill an income gap for retirement.
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Download Our Annuity Guide!
From a history of Bear Markets to easy explanations of the risk associated with different types of financial vehicles, if you need help to learn the facts and form your own opinion - we have you covered! It's important to be educated, but even more important to have a plan for those "what-if" situations.
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