Wednesday, July 18, 2018

Bonds Or Annuities: What's The Best Way To Generate Retirement Income?

Bonds Or Annuities: What's The Best Way To Generate Retirement Income?
By Matt Carey

(Forbes)

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Annuities are insurance products designed to meet long-term needs for retirement income, and they provide guarantees against the loss of principal and credited interest, and offer the reassurance of a death benefit for noted beneficiaries. Any distributions may be subject to ordinary income tax and, if taken prior to age 59 ½, an additional 10% federal tax. Early withdrawals may result in loss of principal and credited interest due to surrender charges. See product terms and conditions for specific details. 

Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.

For information on how different types of annuities work, including benefits, fees, terms and limitations, please contact your financial professional.