Annuities

Annuities

What are your plans for the future? What will you do after you retire? Annuities can be the best decision you make for your financial future.

Confused? You're not alone. Many people have difficulty understanding them. The main reason for all the confusion: Annuities may be single or flexible-payment; fixed or variable; deferred or immediate. No matter the type, annuities are financial contracts with an insurance company that are designed to be a source of retirement income. An annuity is a unique financial vehicle designed to help people accumulate money for their retirement and turn a lump sum of money into a guaranteed stream of income and if you want retirement income beyond what you will receive from Social Security or your pension plan. Once a payout period begins it can span the entire length of a person's life. They are particularly effective if you have many years before retirement. Your money grows tax deferred, which means you pay no taxes on earnings until you begin to withdraw your money.

For complete details regarding benefits, rates and limitations and/or an analysis on how we may help you design your benefit program. Contact Benefits Plus at 978-683-7088 or use our contact page.