Understand the value of Life Annuities

Retirement income planning in Iowa is a process that should create a predictable income stream for retirement. During retirement it is critical to convert your accumulated assets and resources into a stream of regular cash flow similar to the monthly paycheck you receive while you are working. You need guaranteed income you can count on every month for the rest of your life.

Annuities fulfill the need.

Annuities are products offered by life insurance companies and other financial institutions that allow you to deposit money, either via a lump sum or regular installments, with a promise of receiving regular payouts at a point in the future.

Social Security is an example of an annuity. Where you get a guaranteed check for life.

Annuities can be structured in a number of ways, but as a rule, an annuity will give you some or all of the following benefits:

- Tax deferred growth
- Competitive fixed rates of return
- Low risk
- Emergency access to your funds
- Guaranteed income for a set term or for life
- Spousal benefits in the event of your passing
- Avoids Probate

Annuities can be complicated but can enhance your retirement portfolio with stable income. At Financial Strategies we don’t just “sell” you annuities. We educate you about the product and your options, then we integrate the right annuities into your overall financial plan to create retirement security you can understand and trust.