If you’ve explored investment options for your retirement portfolio, you’re probably familiar with stocks, bonds and mutual funds. Maybe you’ve also heard about exchange-traded funds, index funds and other alternative investments. But what about annuities?
Because they’re not mentioned daily in the financial headlines, annuities don’t often create the viral noise that other investment solutions do. But as part of a holistic financial plan, annuities can provide additional opportunities to protect and grow your savings and help ensure guaranteed lifetime income.
Annuities such as RILAs can work to your benefit before and after retirement
Exploring annuities for retirement
As you explore the ways different investments work together in a portfolio, you might want to learn about the benefits of annuities and how they can play a role.
For example, consider the registered index-linked annuity (RILA). This style of annuity offers growth opportunities combined with various protection options, often with features that help balance income needs with flexibility and choice
Depending on the product selected, a RILA can add several benefits to your retirement portfolio:
- Opportunity: RILAs provide opportunities for money to grow based on the performance of select market indexes.
- Protection: They can provide options to protect your money from downside risk.
- Flexibility: They can allow access to your money if your needs change.
- Control: RILAs may offer features that help balance growth and protection.
- Family: With RILAs, beneficiaries will never receive less than what was put into the contract.
Annuities such as RILAs can work to your benefit before and after retirement. Speak with a financial professional to see if they might be a wise addition to your investment portfolio.
