WHO NEEDS ANNUITIES?
Annuities are common among people who do not have company sponsored pensions or 401K’s.Anuities also become popular when people have maxed out on their IRA or 401K and want additional tax deferred benefits. Retired persons who want additional retirement benefits. Immediate annuities can convert a lifetime of investments into a stream of lifetime income that only annuities provide especially for those who do not want their retirement income at risk. Persons who do not want a maximum contribution nor do they want a mandatory timeframe for withdrawals. • Annuities are protected from any lawsuits and protection from creditors against your assets, giving them another edge over CD’s. Professionals look to use this approach to protect their assets.
