Deferred Annuities: Building Income for the Future

Introduction: “Deferred annuities allow you to grow your money over time and access it later. If you’re thinking long-term, let’s explore how they work.”

Main Sections:

• How Deferred Annuities Work: “Deferred annuities accumulate value over a set period, with payouts starting at a future date.”
• Types of Deferred Annuities: Highlight fixed, indexed, and variable options within deferred annuities, each offering different growth and risk levels.
• Growth Potential: “Deferred annuities offer tax-deferred growth, so your investment compounds without yearly tax impact.”
• Pros and Cons: Pros include potential for greater long-term growth, and cons include surrender fees if accessed early.
• Who Should Consider Deferred Annuities?: Suited for younger or mid-career individuals building income for retirement.
• Example Scenario: Describe a 45-year-old professional looking to build retirement income, who opts for a deferred annuity for tax-deferred growth.

Conclusion: “Deferred annuities are a way to plan ahead, giving you a chance to grow your funds until you’re ready for retirement.”