The Role of Annuities in Retirement Planning
Annuities are one of the most reliable ways to create guaranteed retirement income. For Oklahomans worried about outliving their savings, annuities can provide security and stability that other investments can’t match.
What Are Annuities?
An annuity is a contract with an insurance company where you contribute money in exchange for guaranteed income later. Types include fixed, indexed, and variable annuities.
Benefits of Annuities
- Guaranteed lifetime income
- Protection from market volatility
- Tax-deferred growth
- Customizable payout options
Potential Drawbacks
- Surrender charges for early withdrawals
- Complexity of certain products
- Lower liquidity compared to other investments
Who Should Consider Annuities?
Annuities are best for retirees who want predictable income and peace of mind, especially when combined with Social Security and other savings.
Anchor’s Role
Anchor Financial Group educates Oklahomans on annuity options, ensuring they fit into a broader retirement strategy rather than stand alone.
Annuities provide retirement security. Anchor helps Oklahomans decide if they belong in their plan.