Top Benefits of Variable Annuities for Retirement Planning

Introduction: “Let’s talk about what makes variable annuities an attractive option for retirement planning. You’re likely interested in both growing your money and having income you can count on. Variable annuities can offer both, and here’s how.”

Main Sections:

• Tax-Deferred Growth: “One of the biggest advantages is that any growth on your investment won’t be taxed until you start taking money out. This lets your investment grow faster because you’re not paying taxes each year.”
• Lifetime Income Options: “The goal of most annuities is to give you income for life. With variable annuities, you can convert your savings into regular payments later, so you have reliable income in retirement.”
• Potential for Higher Returns: “Because your money is invested in the market, there’s a chance for bigger returns compared to something like a fixed annuity. This can be great if you’re looking for growth potential.”
• Death Benefits and Legacy Options: “Many variable annuities allow you to pass on funds to beneficiaries if you pass away, so your loved ones can benefit too.”
• Customization with Riders: “Think of riders as options that you can add to customize your annuity. For example, you can add a rider to guarantee a minimum income, even if the market doesn’t perform as well as you hoped.”

Conclusion: “In a nutshell, variable annuities give you growth potential and flexibility. They can be a powerful tool if you’re looking for a mix of security and market exposure. Let’s chat if you want to see if they’re the right fit for you.”