Annuities


Total Votes: 8 / Interest: 229

Protect your future, diversify your savings, and enjoy the good life.

As retirement approaches, you may worry about how to protect yourself from outliving your savings. Annuities are long-term financial products that can help by locking in a guaranteed income stream and even potentially growing your money while adding a death benefit for loved ones. Some people opt to transfer accumulated 401(k) account money to an annuity. You can buy an annuity with guaranteed fixed interest rates or with market-based performance. In either case, many annuities offer options to help protect your money from losing value, which means you’ll be more likely to maintain the lifestyle you’ve worked for.

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