How Fixed Annuities Can Help Create More Predictable Retirement Income
When transitioning into retirement, the shift from accumulating wealth to actually relying on that wealth can feel a bit intimidating. For many of us, one of the biggest concerns is making sure our savings last as long as we do. This is where fixed annuities can really help bring some peace of mind.
“Retirement should be a time of enjoyment, not a time spent worrying about market volatility affecting your hard-earned savings.”
Predictability in an Unpredictable World
A fixed annuity is an insurance contract between you and an insurance company. In exchange for a premium, a contract may specify an interest rate for a stated period. Rates, renewal terms and income options vary by product; future payouts depend on the contract and the options selected.
Fixed and fixed indexed annuities are insurance products, not direct investments in the stock market or an index. Withdrawals, surrender charges, fees, riders and other contract provisions may affect contract values. Any guarantees are provided by the issuing insurance company, are subject to the contract terms and depend on the insurer’s claims-paying ability—not a guarantee by Fountain Legacy Group or James Fountain.
Key Benefits to Consider
- Market Exposure: Fixed annuities are not directly invested in the stock market; contract values may still be affected by withdrawals, charges and other provisions.
- Interest Crediting: A contract may specify an interest rate for a stated period. Rates and renewal terms vary.
- Tax Deferral: Some annuities offer tax-deferred growth. Tax treatment depends on individual circumstances; Fountain Legacy Group does not provide tax or legal advice.
- Income Options: Certain contracts may offer contractual income guarantees or lifetime income options. Availability and amounts depend on the product, elected options, contract terms, riders, fees, withdrawals, surrender provisions and other limitations.
At Fountain Legacy Group, our goal is to help individuals and families better understand their retirement income options and feel more confident planning for the future.
Fixed annuities are one of several insurance-based solutions that can help provide stability, protection, and more predictable retirement income.
Guarantees are provided by the issuing insurance company, are subject to contract terms and depend on the insurer’s claims-paying ability. This material is for educational purposes only; Fountain Legacy Group does not provide tax or legal advice.