Did You Know...
84% of Americans have no formal retirement plan. Fixed indexed annuities can possibly help.
As we get older, our retirement needs may change. Wouldn’t it be nice to have an investment strategy that can adapt to those changes? For this reason, many are looking to fixed indexed annuities, which can provide the flexibility to fit current goals, whether that be growth, income, or help with the unexpected.
Here are some considerations when deciding if fixed indexed annuities are right for you:
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Leaving a legacy
An annuity can offer loved ones a quick source of funds to settle matters after one’s death. Even when taking lifetime income withdrawals, the benefit base may continue to grow. The beneficiary may choose either the full accumulated value in a lump sum or the benefit base, paid out equally over a period of 10 years or less.
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Doubling the withdrawal amount with an enhanced income benefit
Enhanced income benefit riders are automatically built into annuity contracts. As long as eligibility requirements are met, the maximum lifetime withdrawal amount can be doubled until the accumulated value reaches zero.
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Guaranteeing a retirement paycheck
Annuity income payments are guaranteed for life as long as the lifetime income withdrawal amount isn’t exceeded.
For additional information on fixed indexed annuities contact your Oppenheimer Financial Advisor.
Not a client and want to learn more? Reach out to a Financial Advisor near you.