Retirement Annuities
All these years, you’ve been planning for retirement, carefully accumulating assets in savings, 401k’s and IRA’s. But have you given any thought to how you will take distribution of those dollars? You should, because it can be a potential minefield.
Once you stop earning paychecks, your concerns shift to parceling out your nest egg so that you don’t outlive your resources, including savings, retirement accounts, and accumulated investments.
We have a solution for you. At Peck Financial, we offer annuities that can guarantee you a long-term income stream. Choose from survivorship benefit to a spouse the highest guaranteed income over a 10-, 15-, or 20-year period.
Worried that settlement rates for annuities will decline as more Baby Boomers retire? With a Deferred Annuity, you accumulate money on a tax-deferred basis and settlement rates used to determine the immediate annuity payout at a future date are set when you purchase the deferred annuity contract.
Prevailing interest rates at the time you buy the deferred annuity determines the annuity payout. This means that when you decide to settle all or part of the annuity you could receive a larger pay-out.