A Balanced Look at Annuities
Like every financial tool, annuities have clear strengths and clear tradeoffs. Use this page to see where they can help and where you may want more guidance.
Benefits that attract retirees
Some annuities can protect your original premium even when markets get rough.
They can turn retirement assets into a dependable paycheck that works alongside Social Security and pensions.
Some annuities can support a broader plan for future health or care expenses.
Beneficiary features can help you pass remaining value or continued payments to loved ones.
Earnings can grow without current taxes, so more of your money stays invested until withdrawal.
Considerations to weigh carefully
Some annuities come with ongoing fees or optional feature costs that can lower returns.
Taking money out early can trigger penalties, so annuities usually work best when you can leave money in place for a while.
You may not be able to access all of your money right away if an emergency comes up.
Fixed payments can buy less over time if inflation rises.
Each carrier uses different contract rules, so it is important to compare the details carefully.
Let's make sure the benefits win
Makonnen helps you look at costs, access to your money, and income options so there are fewer surprises later. Bring your statements or questions, and he'll review them with you.
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