Annuities

Annuities offer an alternative for those who have already contributed the maximum to their other retirement savings.

 What do you do when you’ve already made the maximum yearly contribution to your 401(k) and/or an IRA? What if you’re looking for an alternative all together? If either of those situations describes you, then an annuity might be a retirement savings option worth considering. Annuities are sometimes called “personal pensions,” because they pay you a guaranteed income during retirement. But how do they work? And are they right for you?

Another handy way to save for retirement has been gaining media attention. 

Maybe you’ve recently maxed-out your 401(k) and your IRA, and you’re still looking for ways to save for retirement and defer taxes.  If so, a relatively new tool on the market may help you meet your financial goals. It’s called an Equity Indexed Annuity (EIA) and it’s gaining in popularity.