When planning for retirement, annuities can be critical to your strategy. They can provide a guaranteed stream of monthly payments that’ll last the rest of your life. Even though annuities may come in all shapes and sizes, here are some potential benefits they can offer:
- A lifetime payout that you can’t outlive, regardless of how long you live or what happens in the stock market
- Generally greater payouts than what you can expect from other investments such as certificates of deposit, money market accounts or bonds.1
- The ability to take more risk and potentially get better returns.
- Tax-deferred growth and compounding until you begin to withdraw the income.
- There are no annual contribution limits, allowing you to put away more money for your retirement.2
- They’re exempt from probate, which allows you to leave a cash inheritance for your beneficiaries.
Annuities can play a significant role in your retirement and financial future especially when Social Security and pension payments may not be sufficient to cover your basic living expenses. Interested in learning more? Give us a call at (603) 261-3736 and we can help you decide whether it’s right for your personal situation.
2 https://www.balancepro.net/education/publications/annuitiesproscons.html
Bob has a passion for making your money work hard for you. He takes profound joy in ironing out a plan for a long and comfortable retirement, no matter what your current income or level of wealth. With a work ethic second to none, he has a zeal for transforming uncertainty into stable ways for you to protect your future and your family. He knows that the quality of your life you enjoy today can remain as rewarding—or even better—after retirement.
With a strong background in information technology, Carol is instrumental in building operational policies and strategies that keep the organization functioning smoothly. Carol’s organizational skills and her flexibility to jump from priority to priority along with her commitment to customer service makes her an essential part of the Grimard Financial team. When Carol is not working with the Grimard Financial Family, she is a very creative and accomplished photographer.