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Annuitieswww.BestAnnuityPro.com |
Supplementing Your Retirement Income With Genworth AnnuitiesI am at the age now where I need to think about my financial future. Annuities are an option that can help me to grow and supplement my retirement income every year. With the volatile stock-market, concerns over company pensions and social security, I need an investment option that I can depend upon. Annuities may be purchased either with one lump sum or a series of payments. The premiums are paid back to me plus any earnings that may have incurred over a series of time. Many annuities have a lifetime payout schedule. After having done some research on Genworth annuities, I found that there are different types of annuities that I can choose from. For a low risk option, many older people choose the fixed annuity. The fixed annuitiy can guarantee retirement income that you can't outlive. A fixed annuity offers a guaranteed income payment for a specific period of time and offers a guaranteed minimum interest rate. Genworth annuities, like the variable annuities types, are a better option for me, as I am a bit younger. I have chosen the variable annuity, because it allows me to invest my purchase payment into a separate account, which in turn invests in underlying portfolios with varying potential for return. If I make some wise investment choices, I will see a much larger principal than originally invested. |
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