When investing for income, annuities are an excellent choice. The income is guaranteed because there is no market exposure. Annuities also offer a higher income rate than many other guaranteed income products, and tax advantages for non-registered funds.
Simply put, an annuity is the simplest retirement income option. In exchange for a sum of money, an annuity provides you with a stream of payments.
The income payments you receive are made up of interest and principal and are determined based on:
Your age (and in certain cases, your spouse's age), for life annuities Current interest rates The length of time the payments are guaranteed The amount of money used to purchase the annuity
Please contact me today for your no-obligation consultation. I look forward to helping you and your family. Stan Peirson 905-878-8059