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Structured
Settlements Information :
Retirees Turn to Annuities for Retirement
Planning
(PRWEB via PR Web Direct) November 17, 2005 – With the
future of Social Security unclear, annuities can provide the
income and security needed for retirement planning.
Statistics show nearly half of all retirees are unable to
meet their regular expenses. Those with incomes in the bottom
20 percent rely on Social Security for 80 percent or more
of their annual income. With the future of Social Security
under constant scrutiny, the development of a personal retirement
planning strategy is essential.
“In order to accommodate long-term retirement income
needs, people today must include a personal savings plan to
supplement Social Security and earnings-based retirment plans,”
says Ken Nuss, founder of AnnuityAdvantage.com.
According to Nuss, “In today’s financial world,
annuities can provide a sensible solution for a protected,
competitive return on a principal-protected investment at
any stage in the retirement planning cycle.”
Annuities, investment products offered by insurance companies,
have the added benefit of tax-deferral, and are typically
guaranteed (to certain limits) by State Guaranty Associations.
Harry Donovan, a 30-year annuities investor, has long relied
on the security his annuity investments have provided.
“Every day you hear of companies filing for bankruptcy
or falsifying reports,” says Donovan. “I find great
comfort in knowing my retirement funds are safely invested
in annuities.”
For a typical member of the so-called baby boom generation,
the average $1,300 they have accumulated in their personal
savings plan can evaporate before the first month of retirement
ends. Most widely used investment options carry a risk factor
far too high for soon-to-be retirees, while volatile market
conditions have put an end to the soaring returns seen just
a few years ago.
The wide varieties of annuity options which can be customized
to fit the needs of a particular investor include:
• Fixed - allows for compounding interest to accumulate
tax-deferred over a period of time with a guaranteed rate
of return
• Immediate - creates a guaranteed monthly stream of
income
• Equity-Indexed - provides the increased interest potential
of a market investment without the market risk
“As we approach retirement, it is important to decrease
the risk associated with our investments,” says Kathleen
Cohan, a former day trading professional and contributing
financial reporter. “Those considering an annuity investment
should seek the advice of an Annuity Specialist, who can help
guide people through the web of detailed contracts to find
the best annuities for their individual needs.”
About AnnuityAdvantage.com (www.annuityadvantage.com)
AnnuityAdvantage.com is a one-stop, online annuity shopping
service that provides individualized recommendations and guaranteed
high-value fixed-rate anniuty products. The company’s
focus on annuities enables its staff to sort through the array
of options and custom-tailor product offerings to people for
their retirement planning needs.
Annuities
give investors the security and income needed for a worry-free
retirement.
Contact:
Sunny Spicer
Voice: (541) 770-9407
Toll Free: (800) 239-0356
rtirement planing, anuity retriment palnning, anuities retirment,
retiremnt, retiremnet, retiremetn plannnig
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