As the market plummets, your trust in the investment industry follows the same pattern. You work hard for their money and especially as you near retirement age, you wish to avoid having money in dodgy investments. Most independent insurance agents have the facility to help folks invest sensibly so that they can still earn interest and keep their money safe. Here are a few key reasons why you should think about fixed annuities.

1. Fixed annuities provide safety with an attractive rate that you cannot get in a CD or savings account.

2. The closer you are to retireing, the more you should be lowering your investment risk and moving into an accumulating phase. The last thing you would like to do is make dangerous investments, or keep current dangerous ventures open. A fixed annuity will still provide you a safe place to keep your cash and still earn interest.

3. Consider the advantages to your estate. How often do you hear of a family being ripped to shreds because they fight over the assets of a family member who has passed away. With an annuity, you get to name the beneficiary and generally avoid the probate process so your successors can receive swift benefits and it doesn't have to go through a will. Each beneficiary can receive their portion without others knowing the details. This type of insurance leads to peace of mind.

4. Allowances provide both safety and growth, and offers options to draw funds as the policy gains price. Many retirees often times use payments from their pension investments to help their retirement earnings.

5. Consider the tax benefits. There aren’t a lot of tax advantages in mutual funds; however , fixed annuities offer a tax deferment option which will help with your taxes.

Line up an appointment to chat with a local agent who is a licensed annuity consultant (CAS) to help you determine a financial plan that may keep your hard-earned cash safe.

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