Is an Indexed Annuity Right for Your Retirement Plan?

Introduction: “As you’re building your retirement plan, you might wonder if an indexed annuity is the right choice. Here are some points to consider to see if it aligns with your goals.”

Main Sections:

• What’s Your Risk Tolerance?: “If you’re uncomfortable with high risk but still want some growth, an indexed annuity offers a good balance. You get to participate in market growth without direct exposure to losses.”
• Your Retirement Timeline: “Indexed annuities are typically suited for medium- to long-term goals, so think about your timeline. If you don’t need immediate liquidity, they can be a valuable part of your plan.”
• Need for Lifetime Income: “One advantage of indexed annuities is the option to convert your savings into lifetime income. This can be great if you want to secure steady income in retirement.”
• Fees and Costs: “While indexed annuities are structured for growth and protection, be aware of any fees that might apply, especially if you add riders. These costs affect your overall return.”
• Example Scenario: “Take Mark, who wants steady growth but also wants to secure some income for his retirement. An indexed annuity provides him with growth, downside protection, and the option to turn it into a steady income stream.”

Conclusion: “An indexed annuity can be a useful tool if it aligns with your goals and comfort level with risk. It’s all about balancing safety with growth potential to suit your unique retirement needs. Let us know if you’d like to discuss it further!”