Who can benefit from annuities?

Who can benefit from annuities? The answer is conservative investors, current CD and annuity owners, retirement savers, and investors desiring potentially higher returns with principal and interest rate guarantees. Soon to be recipients of pensions, 401ks, 403bs, and those about to roll over their IRAs can be included in those favoring annuities. Additionally, annuities may be ideal for retirees who want the ability to access their savings by taking penalty-free annual 10% withdrawals, or by taking monthly income. The unpredictability of the stock market leads many investors to the safety of fixed and fixed-indexed annuities.

Many retirees are fearful of losing money in the stock market. With fixed and fixed-indexed annuities, as long as the consumer remains in the annuity contract for the agreed period of time, (3, 5, 7, 10 years etc...), they will never lose another dime of their savings, regardless of the volatility in the stock market. With tax-deferred fixed and fixed-indexed annuities, there are no costs, no fees, and many annuities offer an upfront premium bonus for transferring savings into fixed and fixed-indexed annuities, therefore offsetting previous market losses.

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