Annuities and Federal Retirement (TSP) Roll-Over
Annuities and Federal Retirement (TSP) Roll-Over
What Is an Annuity?
What Is an Annuity?
An annuity is a retirement product for a guaranteed stream of income during retirement. AiDER INSURANCE GROUP provides a range of annuities that are designed for your unique needs and have tax-deferred growth. Whether you want an annuity with a fixed rate, capacity to invest in the market, or a single payment only, the right annuity for you depends on your retirement goals.
Who Should Get an Annuity?
Who Should Get an Annuity?
You need an annuity if you want to receive a guaranteed income during your retirement. Fixed and variable annuities are best choices for individuals thinking about their long-term retirement (10-20 years to retire) while immediate annuities are good for those nearing retirement who want to immediately get an income.
Guaranteed Income During Your Retirement
Guaranteed Income During Your Retirement
An annuity is a contract that turns your contributions into a steady stream of income during your retirement. Based on your contract, you’re also able to determine the duration (a lifetime or a specific number of years) in which you’ll receive the payment.
Main Types of Annuities
Main Types of Annuities
Immediate Annuity
Immediate Annuity
If you need an income immediately or within a year, you might want to consider an immediate annuity. It’s a good option for individuals who are interested in having a guaranteed monthly income. After providing us with your lump-sum payment, we’ll distribute the income based on your preferred schedule (for a select period or for life).
Fixed Annuity
Fixed Annuity
A fixed annuity is a long-term retirement investment that is best for individuals who want a fixed and reliable interest rate. After you enter into a contract, you’ll receive a guaranteed rate of return each year on your premium. This is the amount you contribute. Finally, once you’re retired, you can receive guaranteed income payments.