Annuity Blogger

A lot of people are beginning to question annuities due to the horrible growth rates historically, but we still think that annuities make a lot of sense. For one, it’s the most popular way to unlock pension money. Without doing this, you just can’t enjoy an income. You’ve saved up that money for decades; shouldn’t you be able to access it when you reach retirement age? We definitely think so.

A lot of people get pushed away from annuities because there are so many options, but you don’t have to be afraid. You just need to step up and claim the annuity that really speaks to you. Some people want to go with an annuity that beats inflation, but this is a little riskier as it’s tied to an index. Things can really spiral out of control and go beyond your predictions. This isn’t something that you want to risk when you’re thinking about your future. But if you’re really sure that you want to get those payments, we suppose that it makes sense.

You want to make sure that you’re comparing annuity rates form different providers. Look at who is really going to give you the best payments given your situation. Think about the other sources of income that you have. This will lead you in the best direction. If you have a spouse, you need to decide whether or not to get a joint annuity plan. Some people choose to do this, while others feel that their life insurance plan is more than enough. It’s just going to depend on what you ultimately want to get done.

We think that annuities make sense because it’s an income for life. No matter what else life throws at you, you will have this source of income to fall back on. If your house isn’t paid, this means the difference between making your mortgage payment and falling sadly behind. It’s up to you to figure things out.

Be sure that you’re thinking about the type of lifestyle that you’re trying to lead at all times. Nobody can come up with these answers but you. Don’t feel pressured to jump to a conclusion right away — that’s actually where people start making mistakes. It’s better to think about the bigger picture than just spin in circles. Pretty soon, you’re going to have to have that income so you might as well have things figured out, right? Absolutely. Good luck with your upcoming decisions, no matter what they might be!