Whether you are saving for retirement or simply want to ensure that you never outlive your savings, an annuity may be just what you’re looking for. Annuities allow you to accumulate money on a tax-deferred basis. As a result, taxes are deferred until you begin to withdraw your money.
When you’re ready to receive income in retirement, annuities can provide you with a variety of income choices, including guaranteed income that you can never outlive. With the protection they offer, annuities can be a valuable addition to retirement planning for people at nearly every stage of life.