You insure your car, home, and health, but have you thought about insuring your retirement income? With their potential for tax-deferred growth and a guaranteed income stream, annuities can be valuable assets to help you meet your retirement goals.

Annuities Options
Basically, an annuity is a contract between you and an insurance company that allows you to contribute money to a tax-deferred account. In return, you can get regular payments from the account as income. Many aspects of an annuity can be tailored to your specific needs. Besides choosing between a lump-sum payment or a series of payments, you can also choose when to start receiving payments. An annuity that begins paying out right away is called an immediate annuity, while one that starts at a predetermined date in the future is called a deferred annuity.