04/22/2026
š” What is an annuity?
An annuity is a financial product designed to provide a steady stream of incomeāusually during retirement.
Hereās the simple idea:
You invest money (either all at once or over time), and in return, you receive regular payments laterākind of like creating your own paycheck.
There are a few common types:
⢠Fixed annuities: predictable, steady payments
⢠Variable annuities: payments can grow based on market performance
⢠Indexed annuities: tied to a market index, like the S&P 500
Why do people use annuities?
āļø Guaranteed income options
āļø Helps protect against outliving your savings
āļø Can add stability to a retirement plan
Keep in mind:
Fees, terms, and flexibility can varyāso itās important to understand the details before choosing one.
Curious if an annuity fits your situation? Drop a comment or message me and Iāll help break it down