Types of Annuities: Which One Fits Your Financial Goals?

  • Empower You Coaching Wealth & Wellness Solutions

Categories: Financial Goals Financial security Fixed annuities and Variable annuities

Blog by Empower You Coaching

In the pursuit of securing your financial future and leaving a lasting legacy, understanding various annuities is crucial. As a specialist in wealth coaching for women and their families, my team and I are dedicated to helping you make informed decisions for your financial aspirations. Today let's explore explore the different annuity options and discover the one that aligns with your specific goals. Get your highlighter ready!

Fixed Annuities: Guaranteed Income for Stability

"Train up a child in the way he should go: and when he is old, he will not depart from it." - Proverbs 22:6

Fixed annuities provide a secure and predictable stream of income, making them an attractive option for risk-averse individuals. With guaranteed payouts over a specified period, you can find stability in your financial journey, leaving an inheritance for future generations.

Variable Annuities: Potential for Growth

"For where your treasure is, there your heart will be also." - Matthew 6:21

Variable annuities offer investment options tailored to your preferences, allowing potential growth. While they come with investment risks, they provide an opportunity for higher returns. I can guide you in maximizing your growth potential while ensuring your financial decisions align with your values.

Indexed Annuities: Balancing Risk and Reward

"Give, and it will be given to you. Good measure, pressed down, shaken together, running over, will be put into your lap. For with the measure you use, it will be measured back to you." - Luke 6:38

Indexed annuities strike a balance between the safety of fixed annuities and the growth potential of variable annuities. By tracking market indexes, they offer participation in market gains while safeguarding against downturns. Our wealth coaching services help you find a strategy that aligns with your risk tolerance and financial goals.

Immediate Annuities: Guaranteed Payouts for Life

"Even to your old age I am he, and to gray hairs, I will carry you. I have made, and I will bear; I will carry and will save." - Isaiah 46:4

Immediate annuities provide peace of mind with guaranteed income for life, making them ideal for retirement planning. By converting a lump sum into regular payouts, you can ensure financial security throughout your retirement years, leaving a legacy for your loved ones.

Deferred Annuities: Building for the Future

"For I know the plans I have for you, declares the Lord, plans for welfare and not for evil, to give you a future and a hope." - Jeremiah 29:11

Deferred annuities allow you to accumulate wealth over time by deferring payouts. This strategy enables tax-deferred growth, leading to a more substantial nest egg. Our Wealth Coaching services empower you to incorporate deferred annuities into your comprehensive financial plan.

As we seek guidance from the scriptures, we realize that securing our financial future and leaving a legacy are essential aspects of life. At Empower You Coaching, we offer specialized guidance to help you make the right choices in your financial journey. Take the first step towards financial empowerment, and reach out to  Empower You Coaching today. To learn more about what we do, please click here. To contact us, please click here or call us at (910) 227-9646.

Your journey to financial success and fulfillment starts with us!