Annuities in Bucks County

When it comes to retirement planning, it’s never too early for Bucks County residents to start thinking about the future.  When you’re ready to stop working, will you have enough income to live a comfortable life?  Will you be able to take care of medical bills and other expenses that may come up?  Retirement planners know the answers to these questions, but do you?  There are a number of affordable retirement planning options available to today’s consumer that can help them answer these questions and more, and Reliable Financial can help residents in Bucks County and surrounding areas get all the information they need about them to make a sound financial choice for the future.

annuities in bucks county

Retirement plans that include annuities are a great way for you to ensure that you have income in the future, giving you a financial safety net for your retirement.  At Reliable Financial, our experienced and knowledgeable team of retirement planners can help Bucks County natives understand more about annuities and how they can fit into the overall financial planning landscape.  If you’re a resident of Bucks County or anywhere nearby who is interested in learning more about annuities, get in touch with us today by dialing (856) 667-1480 or by sending an email to reliablefinancial16@gmail.com.  You can also reach us online by visiting our contact page and filling out the simple form.

Types of Annuities

There are several different types of annuities available to Bucks County residents who want to create a steady income stream in the future.  With the advice of Reliable Financial’s retirement planners, you can find out everything you need to know about each type and decide if they will work for you.  Here’s a breakdown of the kinds of annuities you may want to consider adding to your financial planning portfolio:

Fixed Annuities
Fixed-Indexed Annuity
Immediate Annuity
Deferred Annuity
Variable Annuities
Fixed Annuities

these insurance products offer a fixed interest rate over time which is generally higher than the certificates of deposit issued by banks.  Not only are these products a great way to save money for the future, some also offer the ability to defer taxation until a later date and protect your principal from stock market crashes.  Conservative investors appreciate them for their guaranteed growth, low risk, and their lack of fees.

Fixed-Indexed Annuity

These retirement planning products function in a very similar manner to a fixed annuity, except their growth rate is tied to an underlying stock market index, like the S&P 500. When that index is in the positive, the investor will see higher growth than what can be achieved by a fixed annuity.  On the other hand, if the tied stock market index is down, growth can drop to as little as 0%, although principal will always be protected from loss with this type of contract.  A fixed-indexed annuity will also usually have a cap or spread to limit growth to a certain percentage.  These types of contracts can be quite complex, so it’s best to discuss them with our retirement planners before you commit.

Immediate Annuity

This contract could almost be called “reverse life insurance” because it takes a lump sum payment and converts it into regular income payments over a period of time.  As the name suggests, these payments can begin as early as one month after the lump sum is received.  For those who already have a large nest egg saved up, an immediate annuity can offer tax deferment and a lifelong income stream, among other benefits.  Qualified retirement planners like the ones at Reliable Financial can help you determine if this type of annuity will work for you.

Deferred Annuity

If you want to delay your payments until a later date, a deferred annuity might be perfect for you.  They are generally a more affordable annuity option, and may be appropriate for your retirement planning under a specific set of circumstances.  If you want to find out if a deferred annuity makes sense for you, our retirement planners can give you all the information you need to make an informed decision.

Variable Annuities

This type of insurance contract can be very complex, so it’s difficult to define it in general terms.  While these do offer some of the same benefits as other annuity products, they also usually include hefty fees and other expenses that can eat into your growth or even put you into the negative.  These products are generally considered to be unsuitable for retirement saving but they may make sense for people in specific situations.  If you’re considering this type of annuity, it’s best to discuss it with our retirement planners before you make any decisions.

Retirement Planning That You Can Trust

Retirement plans are like snowflakes; each one is different.  Some of the annuity products listed above may be appropriate for your Bucks County retirement planning portfolio; others may not be.  If you’re considering including an annuity in your retirement plans, it makes sense to get some financial planning advice from the expert retirement planners at Reliable Financial.  Not only can we educate you about general retirement planning concepts and give you detailed information about individual financial planning products, we can also find affordable retirement planning solutions that work for your age, income level, and budget.

In addition to being a trusted provider of annuity products to residents of Bucks County and surrounding areas, Reliable Financial can help you with all your other retirement planning needs.  Whether you live in Bucks County, Pennsylvania or you want to find out more about retirement planning in South Jersey, we’re located nearby and our retirement planners are waiting to help you find an affordable way to prepare for your future.  Get in touch with us right away for a free consultation.  All you have to do is pick up your phone and call (856) 667-1480.  You can also send an email to reliablefinancial16@gmail.com or visit our contact page and fill out the online form.  Retirement plans don’t have to be complicated; Reliable Financial’s retirement planners make it simple for you.

Now Is The Best Time To Start Your Retirement Planning Process

Contact us today for a free consultation to see exactly which retirement plan is right for you!

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