What Is An Annuity?
What is an annuity?
An annuity is an insurance product and there are a few different types that exist. An annuity can be used to accumulate tax deferred funds to create a lifetime income in retirement.
Different types of annuities include fixed, variable, and fixed index annuities, or FIAs. A fixed annuity protects your money and it comes with a fixed interest rate. Typically, the rate is lower than what you could receive from another type of annuity. A variable annuity could get a higher rate but also carries higher risk because its rate is determined by the stock market. A FIA doesn’t have this problem: it offers both protection of principal from market declines and reasonable rates of return.**
Could An Annuity Be
Right For You?
Should you consider an annuity for retirement? To discover what options are right for you, contact Dotson Financial. We believe FIA could act as an integral part of your financial retirement strategy.
What is an Annuity?
One way to learn about what an annuity is, and how it can help you? Attend one of our seminar events. At these events, which come at no cost to you, often come with a free meal, and are offered both online and in person, we’ll go over annuities, the stock market, retirement accounts, and other topics relevant to your retirement.
If you prefer, though, you may also schedule an appointment to speak with us directly and ask questions about your retirement options.