What to consider before purchasing
As you get closer to retirement age, you’ll likely be bombarded with ads for annuities. You may wonder: what is an annuity, how does it work, and do I need one? I’ve gotten this question a lot and the answer depends on your situation.
An annuity is a financial product that can provide you a sum of money each year. While annuities can be a great solution for retirement and other forms of financial planning, there are considerations to keep in mind before adding them to your portfolio.
Purchasing an annuity is a major financial decision, especially given the upfront asset allocation involved. However, a financial professional can help you with the process and with making decisions about what’s right for you.
As a financial adviser right here in the Bay Area, it’s my job to offer financial guidance to those in the local community, especially those planning for retirement. Let’s walk through the key characteristics of annuities and three things to consider.
San Leandro CA - Guide to Retirement Annuities Services from a Financial Adviser
SYNOPSIS: A local financial adviser explains what annuities are and when they might make sense as part of your retirement plan.
3 Things to Consider Before Annuity for Retirement
BY: Herman Yang, Modern Woodmen of America
What to consider before purchasing
As you get closer to retirement age, you’ll likely be bombarded with ads for annuities. You may wonder: what is an annuity, how does it work, and do I need one? I’ve gotten this question a lot and the answer depends on your situation.
An annuity is a financial product that can provide you a sum of money each year. While annuities can be a great solution for retirement and other forms of financial planning, there are considerations to keep in mind before adding them to your portfolio.
Purchasing an annuity is a major financial decision, especially given the upfront asset allocation involved. However, a financial professional can help you with the process and with making decisions about what’s right for you.
As a financial adviser right here in the Bay Area, it’s my job to offer financial guidance to those in the local community, especially those planning for retirement. Let’s walk through the key characteristics of annuities and three things to consider.
