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ANNUITIES

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If you want to have enough money in retirement, consider an annuity.  Annuities sometimes have a bad reputation but that’s because most people don’t understand their value.  Our professionals at Airey Financial Group take time and educate our clients on using an annuity in your financial planOur team discusses the types of annuities and how they can help make your money last in retirement

Types of Annuity Plans

The two major types of annuities are fixed and variable. Fixed annuities let you know exactly how much you will receive each month, each year, or any interval you choose. These payments will remain the same until your annuity runs out.

Variable annuities are different. They let you choose how much you want to receive from your account at the interval of your choice. Variable annuity payments can increase or decrease every year as well. It all depends on how you choose to invest your money.

Types of Fixed Annuities

Fixed annuities come in two major types: those that guarantee a certain rate of return and those that guarantee a certain payout period. You pick the best type based on your financial plan. A fixed rate annuity pays a guaranteed return on your investment payout period. This plan can be great for people who want to make sure there is a steady stream of income for a set number of years, like a paycheck from a job. This type of annuity may also be ideal if you would like to leave an inheritance. It will ensure your beneficiary receives the same amount of money every month as long as they live.

Types of Variable Annuities

Variable annuities may be a great choice if you want to be in control of the money coming into your savings account. This annuity allows you to choose whether to get a guaranteed payout amount each month. Variable annuities also allow you to receive dividends from your investment. Variable annuities carry some risk. The professionals at Airey Financial Group review the risks and benefits to help you make the best choice. 


Annuities are an incredibly important option for a secure retirement plan.  Annuities provide a steady stream of income for you to depend on.  You can choose to put a portion of your money into a fixed and variable annuity, or you can pick one type.  Your choice depends on your goals.  If you want to learn more about annuities or retirement planning, contact us today at 219-650-4050 or complete the form below.  We look forward to speaking with you.   



Have a Question?  Please call us at 219-650-4050 or complete the form below.  We look forward to speaking with you.

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