The purchase from the old hag pension

The purchase from the old hag pension

Yet to ensure your comfort, security and the realization of your dreams, a final step must be taken. You must determine which retirement income options will best support your needs.

This section will give you an overview of the retirement income options available from

Annuities: What are they?

An annuity is a contract between you and an insurance company designed to provide tax-deferred growth and regular income payments that you may receive at retirement. An annuity can be immediate, providing an income stream that begins within 12 months after you purchase it, or deferred, where the payment period begins sometime in the future. Annuities are intended to be long-term methods of planning for the future. Annuities can be either Fixed or Variable.

Fixed Annuities: What are they?

They offer a fixed rate of return during the accumulation period and are suitable for investors who want income they can count on. At the end of the accumulation period, the insurance company will provide you with a guaranteed stream of income payments either over your lifetime, or for a specified period of time.

Variable Annuities: What are they?

Variable Annuities allow you to choose how your premium dollars are invested. You can choose among a selection of bond funds, stock funds, or money market accounts. You control the dollar amount of your investment within each account. The performance of the underlying account dictates the return you receive from your annuity. While the owner bears the market risk in a variable annuity, this product has the potential for higher returns than a fixed annuity. Designed for long-term retirement savings, variable annuities grow tax-deferred until you start withdrawing funds.