Annuity



Annuities were established for the purpose of providing a regular income stream upon retirement. They can be shaped and sized according to your needs and give you the option to begin receiving the income at a future date or immediately. You can fund your annuity gradually or all at once. Depending on the type of annuity, its value can be tied to a fixed interest rate or the performance of underlying investment funds.

The goal of retirees — past, present, and future — is to always have a source of income. In the past, retirees could rely on Social Security and employer-sponsored pensions as that source of income. Over the years, much has changed. Today, life expectancies have increased, while the certainty of Social Security and employer-sponsored pension plans has diminished. By all estimates, the next generation of retirees, the baby boomers, will live longer and spend more time being retired than any previous generation.

  • Do you have sufficient assets to provide enough income at retirement?
  • Are you prepared if you have a long retirement of 10-30 years or longer?
  • Will your retirement income last as long as you do?
  • Will you have enough money when you retire?

These are all questions that Jeff at Richard Financial Resources, LLC can help you answer. We can also help you arrange:

  • for your annuity to provide an income for a specific period of time or an entire lifetime.
  • for income to be received from a fixed income plan or variable income plan that is tied to the performance of underlying investment funds.
  • to have your annuity provide income to you alone, to you and a significant other, to continue to whichever of you lives the longest or even to another beneficiary beyond your lifetime and that of your significant other.

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