Retirees, Here’s What to Consider When Buying an Annuity

Annuities are sometimes touted as a solution for retirees concerned about outliving their savings. But these products can be complicated.

When retirement is fast approaching and inflation is continuing to rise, knowing how to save for retirement can be a daunting task. If you are considering adding annuities to your retirement plan, check out this article by Kiplinger.  It discusses key points to keep in mind when deciding if annuities are right for you.

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Source Article: https://www.kiplinger.com/retirement/annuities/604213/retirees-heres-what-to-consider-when-buying-an-annuity

Investing involves risk, including the potential loss of principal. Any references to protection benefits, safety, security, and lifetime income generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. This material is intended to provide general information and is believed to be reliable, but accuracy and completeness cannot be guaranteed. Gregory Ricks & Associates is an independent financial services firm that utilizes a variety of investment and insurance products. Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Gregory Ricks & Associates are not affiliated companies. 1242289 -3/22