Annuities

Planning for a stable and secure retirement is one of the most important financial goals you can set. Annuities are a key component of retirement planning because they provide a guaranteed income stream that can last for the rest of your life. Whether you’re approaching retirement or already retired, annuities can help ensure that you don’t outlive your savings, offering financial security during your golden years.

At Mac McIntosh Medicare and Insurance, we offer a variety of annuity options designed to meet different retirement needs and goals. The two primary types of annuities we provide are fixed annuities and variable annuities. Fixed annuities offer guaranteed, consistent payments over a set period or for life, making them a low-risk option for retirees who prioritize financial stability. These are an excellent choice if you want a reliable source of income that isn’t affected by market fluctuations.

In contrast, variable annuities provide the opportunity for higher returns by investing in various sub-accounts, similar to mutual funds. While these carry more risk, they also offer the potential for growth, which can help offset inflation over time. Variable annuities are suitable for individuals who want to combine the benefits of guaranteed income with the possibility of capital appreciation, allowing their investments to grow while still providing a steady income in retirement.

Annuities also offer tax-deferred growth, meaning you won’t pay taxes on the earnings until you start receiving payments. This can be advantageous if you’re looking to maximize your retirement savings without being subject to annual taxes on investment gains. Additionally, many annuities include options for spousal benefits, ensuring that your partner continues to receive payments even after your passing, adding an extra layer of financial security.

We also provide indexed annuities, which combine elements of both fixed and variable annuities. These are tied to a stock market index, such as the S&P 500, allowing you to benefit from market growth while still offering some level of protection against losses. Indexed annuities can provide a balanced approach, offering both growth potential and security.
Annuities can be customized with additional riders to suit specific needs, such as long-term care coverage or inflation protection. With so many options available, it’s essential to choose the annuity that aligns with your financial goals, risk tolerance, and retirement timeline.

At Mac McIntosh Medicare and Insurance, we’ll help you navigate the complexities of annuities and retirement planning. We’ll work with you to evaluate your needs and find the right product that offers the income stability, flexibility, and growth potential you need to enjoy a comfortable and financially secure retirement.