Wealth Management
Planning Today for Tomorrow's Milestones
August 06, 2026
There are only a few things more exciting than learning about a child’s engagement. In today’s world, social media can often turn that excitement into stress when it comes time to discuss financing that picture perfect wedding. Many parents or grandparents want to give their children or grandchildren the wedding of their dreams, a gift they will always remember; but paying for a child’s nuptials could disrupt the retirement they have been saving for.
It may be a while before your child’s big day, but it is never too early to start planning. If you hope to one day pay for, or contribute to some of that cost, you can avoid the financial stress by saving early. An annuity can be a solution to help set aside funds for that special, memorable day. It will allow you money to grow tax-deferred, which will provide the funds needed to cover wedding expenses when the time comes or any additional needs may arise.
Jen and Andrew, ages 47, have a 15 year old daughter, Allie. They have always envisioned giving her the wedding of her dreams, but they know by the time she gets married, they will be likely close to retirement. They have also seen the cost of weddings increase significantly since they were married 20 years prior. Jen and Andrew consult with their Financial Professional who suggests they invest in an annuity today to not only help fund for that potential day in the future, but also provide them with an additional income in retirement. When the time comes for their income payments for the remainder of their retirement years.
The information contained herein is general in nature, has been obtained from various sources believed to be reliable and is subject to changes in the Internal Revenue Code, as well as other areas of law. This material is for informational purposes only and should not be construed as a solicitation of any particular insurance product or insurance carrier. Insurance is sold through Oppenheimer Life Agency, Ltd. (OLA), an indirect wholly owned subsidiary of Oppenheimer Holdings. Before purchasing a policy of insurance, please review both the insurance carrier and the insurance policy carefully before investing. A strategic alliance exists between OLA and various outside providers whereby products and services may be utilized. Such providers may receive compensation as a result of the strategic alliance. However, the firms are completely independent of each other. This material is not a recommendation as defined in Regulation Best Interest adopted by the Securities and Exchange Commission. Oppenheimer & Co. Inc. Transacts Business on all Principal US Exchanges and is a Member of SIPC. 9059322.1
