Annuities in Portland

When you're planning for retirement or when it's time for a retirement savings checkup, Financial Investment Team (FIT) can assist you in choosing the options that will best help you meet your goals. If you've been considering annuities as part of your retirement savings strategy, the professionals at FIT will work with you one on one to create a solution that meets your financial and retirement needs.

What is an Annuity?

An annuity is an insurance investment product that is contributed to for the purpose of receiving payments later on in life. Individuals who purchase annuities often do so in order to secure fixed payouts during their retirement years. By knowing what the payouts will be and when they will be received, it can help simplify financial matters during retirement.

In general, there are 3 main types of annuities: fixed, variable and indexed. Fixed annuities provide retirees with the peace of mind of knowing what the minimum interest rate and payouts will be. With indexed annuities, the return is based off of charges to a specific index - however, indexed annuity contracts do hold a minimum value regardless of index performance.

The type of annuity chosen to help save for retirement is planned around your specific goals. FIT will go over all of the different annuity options with you so that you can make an informed decision on which one best meets your needs.

The Benefits of Annuities as Part of Your Retirement Savings Plan

• Fixed annuities can give you the comfort of knowing when you will start receiving payments, how much they will be and how long the payments will last.

• Annuities are flexible - you have choices when it comes to level of risk and the duration of payouts.

• Annuity payments can continue on to a spouse in the event of death, which can help provide financial security to the spouse.

• Income growth from annuities is typically tax deferred but will vary according to individual circumstances.

For more information on annuities, contact Financial Investment Team today. FIT provides annuities and additional retirement planning services in Portland, Oregon.