Set Yourself Up for Confidence
Investments in the market aren’t guaranteed to continually grow your wealth. And while employer or government benefits can provide help, they don’t always keep pace with inflation and costs that increase in retirement, like health care.
Annuities are flexible investments aimed at providing regular payments made to you on a set schedule and can have options making them more customizable compared to other forms of investments or retirement savings vehicles.
Together, we can consider a wide range of annuity options, considering your personal goals and needs in retirement and help you:
- Form a New Retirement Planning Option: No one avenue for investments is perfect. In some cases, plans overexposed to fixed-income products, like bonds and dividend-paying stocks, could leave your retirement income lacking. We’ll help you decide if annuities are the right retirement planning option for you.
- Make Cost-Effective Choices: Not all annuities are created alike. While they generate fixed income in retirement, the cost associated with producing such income could sometimes be high. Our team members are familiar with the annuity landscape and can help identify the most cost-advantaged annuity investments for you.
- Receive Tax-Advantaged Income: We help clients manage tax liability through prudent product selection. Some annuities enable investors to receive tax-deferred income now – by not including such income to determine your current tax liability. Subsequently in retirement, when you might be in a lower tax bracket, your annuity-dependent income will not be a source of significant taxes.
- Build Flexibility: We do this by choosing annuity products that can easily be switched between investment portfolios without the risk of triggering associated taxes. So, if your investment objectives change during the investment horizon, you can switch to a different annuity to support your new objectives without tax concerns.
Know What to Expect From Your Retirement Income
After years of working and saving, don’t spend your retirement worried about the monthly budget. Fill out the form below and see how Cranberry Wealth can help create a plan that provides you with a steady and reliable stream of income during retirement.
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