An Indexed Annuity can build lifetime income for your retirement. Here’s how:

1. **Growth Potential**: Indexed annuities offer the potential for growth based on the performance of a market index, such as the S&P 500. While they don’t directly invest in the stock market, they credit interest based on the index’s performance, providing a balance between growth potential and protection from market downturns.

2. **Principal Protection**: Indexed annuities often include a guaranteed minimum interest rate, ensuring that your principal is protected even if the market performs poorly. This feature provides a level of security for your investment.

3. **Tax-Deferred Growth**: Earnings in an indexed annuity grow tax-deferred, meaning you won’t pay taxes on the gains until you start withdrawing money. This allows the investment to compound more efficiently over time.

4. **Lifetime Income Options**: Many indexed annuities offer optional riders that provide guaranteed lifetime income. These riders ensure that you receive a steady income stream for the rest of your life, regardless of market conditions. The income amount is typically based on the value of the annuity and other factors such as age and the terms of the rider.

5. **Withdrawal Flexibility**: While annuities are designed for long-term income, many allow for withdrawals or provide options for accessing funds in emergencies, though it’s important to be aware of potential surrender charges and penalties for early withdrawals.

Overall, indexed annuities can be an effective tool for building lifetime income, combining the benefits of growth potential with protection against market losses and the security of guaranteed income for life!

Learn more…fill out the form below and let us help you find the right solution for your retirement.