Learn More About
Annuity Income
Could Annuity Income Be An Option For You?
Annuity income can provide you with guaranteed* income, in addition to protecting your money. The right kind of annuity is the path to keeping your money safe and getting you a reasonable rate of return**, which may lead to more peace of mind in retirement. You can set it up so that your money can increase when the stock market is up, but it doesn’t decrease if the market drops. If, of course, you have the right kind of annuity.
Hall Financial examines your situation, to help you determine the best place to keep your retirement money. We take the time to educate you, and bring to your attention questions you should be asking yourself. Do you know what your current fees are? Have you considered the potential risks of your current account? Are you comfortable with your rate of return?**
Call Hall Financial
Ready To Learn More?
Misconceptions About Annuity Income
There are some common myths about annuities, how they work, and if they're a good option.
Why is it that some agents say that annuities are bad? Well, firstly, it’s important to note that not all annuities are the same. There are annuity types that depend on the stock market. These types could lead to your principal being lost if the market crashes. However, our firm works differently. We offer types of annuities that don’t invest in the stock market directly. Additionally, Hall Financial works with trusted, reliable insurance companies that will protect your money.
It’s also important to remember: Many brokers make most of their money by managing money clients have in the stock market. For this reason, some agents avoid recommending annuities, as they won’t make as much money on them. Rest assured, Hall Financial isn’t like this. We keep clients’ best interests in mind.
Annuities Then Vs Now
Annuities were much more limited in the past. Some offered protection of principal, but low interest rates.
Others came with a better interest rate, but more risk. Obviously, neither of these options were very helpful. Thankfully, the industry has changed. Over the last decade, many annuity offerings have changed. Provided you work with the right company, you can find an annuity with income that suits your needs. You can purchase an annuity that protects your hard-earned savings, while also providing decent rates of return over time. Some annuities also include other features, such as options to help retirees leave a legacy.
Another feature that can be included in an annuity contract is the ability to use the money for certain unexpected benefits, such as funding for final expenses, additional income with long-term care features, and other income options. Contact us to help determine how an annuity can help you.
Get Educated
We have a specific process for determining if annuity income is right for you. We offer dinner seminars where we discuss relevant topics. For example, how annuities differ from most retirement vehicles. Furthermore, you can meet us one-on-one to discuss your retirement. We can discuss several important factors that impact your retirement.
Questions To Ask Yourself
The important questions you should ask yourself to determine your retirement strategy include:
- What stage of retirement are you in?
- How much do you have in liquid assets, and how much of that money is available for emergencies?
- Are you comfortable with risk? If so, what is your risk tolerance?
- Will annuity income be enough to cover your expenses?
- And much more (reach out to us!)
