It’s Annuity Awareness Month! You Know What That Means!
Annuity Alliance has built our website as an informational resources to help inform consumers about the benefits of annuity as an option for their retirement planning strategy. Our team understands how you have multiple options available for traditional retirement accounts – 401(k), CDs, bank savings, IRAs, etc. – but Annuity Alliance wants to share some annuities that may fit your future needs during those golden years.
The timing is perfect because June is Annuity Awareness Month! In 2010, the National Association for Fixed Annuities (NAFA) designated June as National Annuity Awareness Month (NAAM) to help educate Americans on the important role of annuities as part of a secure retirement savings plan. In 2014, with a common desire to serve consumers by helping them understand annuity products, NAFA and several other industry associations came together to establish the Coalition for Annuity Awareness.
Since that time, the Coalition for Annuity Awareness also launched AnnuRetirement, an impartial, informative website consisting of positive and accurate messages regarding the features and benefits of annuities available free to the public. Within the AnnuRetirement website’s consumer resources, you can download and review educational whitepapers and flyers covering most commonly asked questions about annuities.
A couple of examples include:
- Guide to Fixed Index Annuity Basics
- How Will I Get Income from My Annuity?
- The Fixed Annuity Umbrella
- Balancing Risk and Reward
- Annuity Riders and Features
- Your Guide to Rollovers
- 5 Fixed Indexed Annuity Myths Busted!
The site also has some informative carrier videos explaining the different types of annuities and how they work. You can access this content for free through the AnnuRetirement website. Annuity Alliance also wants to share a couple of more reasons why annuities have become so popular in the last 12 months.
- Guaranteed lifetime income – You won’t outlive your income payments
- Ability to lock in a guaranteed rate (multi-year guaranty annuities currently have rates between 4% to 5% – or higher – for a three-year or five-year product depending on carrier)
- Protection from market volatility risks
- Tax deferral savings with no contribution limits
- Guaranteed death benefit
- Flexible to your needs – short-term or long-term – in terms of accumulation or income (or both)
Are you looking for some guidance on what annuity might work best for your retirement strategy? Annuity Alliance can assist you by connecting you with a financial professional who can review your situation, discuss annuity options from top-rated carriers, and help you through the process. Contact Annuity Alliance’s team through our website to learn more about how our professionals can help you make an informed decision on annuities.
Annuity Alliance is not affiliated with the Coalition for Annuity Awareness, or the insurance carriers listed throughout the AnnuRetirement website. The information and opinions expressed herein are provided by third parties. These sources are believed to be reliable, but accuracy and completeness cannot be guaranteed by any provider of the information. Information is provided for informational purposes only and is not and should not be considered a solicitation to buy or sell any products mentioned. The information should not be used as the sole basis for any financial decisions, nor should it be construed as advice applicable to your specific financial situation. Please consult your personal financial, tax and/or legal professional(s) for guidance on your specific financial situation and decision-making.