Annuities: A Reliable Income for Your Retirement
What are Annuities?
Annuities serve two primary purposes: tax-deferred growth of money (Growth Annuities) and guaranteed lifetime income (Income Annuities). Offered by insurance companies, annuities can be fixed, indexed, or variable. At Veracity LD, we specialize in Fixed Annuities and Fixed Indexed Annuities (FIA), which protect clients’ principal and gains while offering steady growth.
Rolling over funds from traditional retirement plans into an FIA safeguards savings from market volatility, ensures continued growth, and locks in gains. At retirement, these growth annuities can be converted into income annuities, providing a lifetime income. With people living longer, the risk of outliving savings is real. Veracity LD helps clients overcome this by using FIAs to protect their money and ensure financial security for life, even in uncertain economic times.
As Mrs. Verra Aza says, “Retirement is about peace of mind, and nothing brings more peace than knowing your income is guaranteed.”
Types of Annuities
1. Fixed Annuities
Offer guaranteed, stable payments over time. Ideal for conservative investors seeking predictable growth.
2. Indexed Annuities
Linked to market performance but include protection for your principal. Provides growth potential with limited risk.
3. Immediate Annuities
Payments begin shortly after a lump sum is invested. Perfect for individuals needing income right away.
4. Deferred Annuities
Payments begin at a future date, allowing savings to grow tax-deferred. Suitable for those planning ahead for retirement.
Who Needs Annuities?
Annuities are ideal for retirees seeking guaranteed income, individuals who are nearing
retirement, individuals who have switched jobs but have traditional retirement plans with their previous jobs and want to protect their savings, and conservative investors looking for stability and protection from market risks
- Retirees
- Individuals Nearing Retirement
- Conservative Investors
- Individuals who Have Switched Jobs but want to Protect Their Money in Their Old Retirement Accounts
How can Veracity LD Help?
At Veracity LD, we specialize in creating personalized annuity solutions to secure your financial future. Whether you need guaranteed income now or want to grow your savings for the future, our licensed financial professional guide you in selecting the right annuity type to meet your needs. We help you balance growth potential and security, ensuring your retirement income is both stable and sufficient.
Annuities provide the financial stability retirees need to enjoy their golden years without fear of running out of money. By turning your savings into a lifetime income stream, you can protect your future and enjoy peace of mind. Contact Veracity LD today to explore your annuity options and secure your retirement.
