An annuity is a type of retirement solution aimed at filling the income gap which can be created at retirement. Generally considered to be the best alternative to a pension, an annuity is an insurance product designed to protect against outliving your savings.
There are different types of annuities and different riders and provisions to consider. There are also a lot of questions to answer as you go through the process. To determine the right product to fit your needs, work with a professional.
Don’t wait until it is too late. The sooner you start your annuity the more time you will have to contribute which is the best way to create growth. There can also be a period of time between when you start to contribute and when you are allowed to withdraw without penalty. Call David Kaplan today at 781-444-3050.