As part of our wealth management solutions at Fortis Lux Financial, annuities can be a powerful way to save for retirement. They are specifically designed to help you reach long-term financial goals, whether you want to put money aside for the future, generate a stream of income you can’t outlive, or both.
Annuities may also help your savings grow faster because you don’t pay income taxes on the money in your contract until you take a withdrawal. Annuities also are unique in that they can provide guaranteed lifetime income. Each type of annuity has advantages and drawbacks that you should consider carefully with an investment advisor before deciding whether an annuity is right for you.
Fixed Deferred Annuities
A conservative type of annuity that offers tax-deferred saving, guaranteed fixed interest rates, and protection from market volatility. A fixed deferred annuity is similar to a savings account for an insurance industry. As part of our wealth management solutions, our investment advisor will help you determine the best financial options for your goals and needs.