Annuities
Are Annuities the Answer for Securing Your Financial Future?
At Nicole Gumm Groseclose Insurance Solutions, Nicole believes in providing you with comprehensive financial solutions that stand the test of time. Annuities are a powerful and versatile tool in achieving your long-term financial goals.
You’ve worked hard for your money, and you want to determine the best type of annuity for your retirement goals. This is where Nicole steps in. She will provide the education and help assist with understanding the complexities of all the financial options available and will design a custom recommendation based solely on your individual needs, goals and long-term plans.
What is an Annuity and why are they an important retirement Planning Vehicle?
Annuities are financial instruments that serve as a means of accumulating wealth for the future, ensuring a stable income stream during retirement, and offering protection against life's uncertainties. In simple terms, when you invest in an annuity, you're essentially making a contract with an insurance company. You invest a lump sum or a series of payments, and in return, the insurance company provides you with periodic payments or a lump sum payout, depending on the terms of your annuity. Nicole Gumm Groseclose Insurance Solutions offers expert advice, personalized solutions and a commitment to your long-term financial well-being.
Why Consider an Annuity?
When considering an annuity some key benefits would allow you to feel good about your retirement. An Annuity can help you save additional money for retirement once you maxed out other tax-favored investments. They also can help you catch up on retirement savings when you have less time to save.
Indexed Annuity
If you are in your money accumulation phase of life, we suggest an index annuity. This type of annuity pays you more based on the stock markets. It gives you the chance to accumulate more money while the markets are doing well.
Fixed Annuity
Unlike an index annuity, which pays based on the market, a fixed annuity is based on a set rate. The guaranteed interest rates are great for people who have retired or are about to retire. A fixed annuity is a safe option when you don’t want to risk investing in the stock market.