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PLAN for Retirement with an Annuity

  • Oppenheimer & Co. Inc.
  • August 19, 2020

Protection. Legacy. Assets. Needs.

Annuities offer a wide range of features and benefits, which can be customized to meet your specific financial goals. They can address various retirement needs, whether it be immediate income, income in the future or legacy planning.

With people living longer, there is an urgency to plan for the future. PLAN incorporates some of the most frequent concerns people may have when preparing for retirement. It addresses important questions about how to plan effectively.

mature couple and young child


Will your assets be protected while you are waiting to utilize them?

Protecting your savings early on may allow you to live comfortably in retirement, and annuities offer optional guarantees that can do just that. There are a variety of annuity products available to meet your needs whether it be principal protection or some downside protection from market volatility.*


Will you be able to pass on a portion of your assets to your loved ones, while providing income for yourself in your own retirement years?

Passing on a legacy to your heirs may be important to you. Annuities will allow you to create a legacy and provide for your children or spouse. Incorporating a death benefit into your annuity policy will make certain a portion of your assets will pass on to your beneficiaries.


With life expectancies increasing, will you have enough assets to live comfortably in retirement?

Having a plan for growing your assets can help ensure you will have income for your lifetime. Whether you choose to invest in a fixed or variable annuity, they can both offer growth potential with downside protection and guaranteed lifetime income if elected. Non qualified annuities also offer tax-deferred growth of your assets, until withdrawals are taken**.


Will your needs change in retirement, and if so will you have the income to fulfill them?

Your needs can change at any point in your life; and in your retirement years you may have more free time, and therefore might spend more money than you anticipated. You may also have unforseen medical bills. Anticipating these changes in lifestyle will allow you to prepare accordingly. Whether you need income in the future or decide you need income now, there is an annuity product that can fulfill those needs.

Contact an Oppenheimer Financial Professional today to discuss how an annuity can be a strategy for you.

*Any payment guarantees are based on the claims paying ability of the insurance company.
**Withdrawals are taxed at ordinary income tax rates and there is a 10% Federal tax penalty on earnings withdrawn before age 59 ½.


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This brochure is intended for informational purposes only. The material herein has been obtained from various sources believed to be reliable but is not guaranteed by us as to accuracy or authenticity. All information provided and opinions expressed are subject to change without notice. No part of this brochure may be reproduced in any manner without written permission of Oppenheimer & Co. Inc. (“Oppenheimer”). Neither Oppenheimer nor any of its affiliates or employees provide legal or tax advice. However, your Oppenheimer Financial Advisor will work with clients, their attorneys and their tax professionals to help ensure all of their needs are met and properly executed. Investors should consult with their legal and/or tax Advisors before implementing any wealth transfer strategies. Securities are offered through Oppenheimer. Variable annuities are sold by prospectus only, which describes the risks, fees and surrender charges that may apply. Investors should consider the investment objectives, risk and charges of the investment company carefully before investing. The prospectus contains this and other information. You may obtain a prospectus from your Oppenheimer Financial Advisor. Please read carefully before investing. Oppenheimer may receive compensation in the form of fees or commissions for services referred to and performed by our strategic alliance firms. However, Oppenheimer and the firms mentioned herein are completely independent of each other. Oppenheimer Life Agency Ltd. is a wholly owned subsidiary of Oppenheimer & Co. Inc.