Enhanced Benefits Solutions is a locally owned and operated financial strategy and retirement planning company in St. Peters, MO. Their team of independent wealth consultants works one-on-one with families and individuals to help them plan for stable futures and a comfortable retirement.
One of the many ways Enhanced Benefits Solutions helps their clients with retirement planning is by matching them with indexed annuities. It’s not uncommon for people to live into their 80s and 90s these days, and that means people have more retirement years to plan for than they did in the past. The danger of a long retirement is running out of money, but asset protection in the form of annuities is a great way to minimize that longevity risk.
According to the team at Enhanced Benefits Solutions, indexed annuities are a great way for average earners to make the most of their finances. They way indexed annuities work is simple. Essentially, a client will purchase an annuity from an insurance company. The insurance company will invest the client’s money in some type of index fund for maximum diversification and minimal risk. Whereas an individual stock can tank overnight and become worthless, an annuity investment can be shifted to reflect changes in the market resulting in a more stable increase.
At a predetermined time, the client who has invested in an indexed annuity will begin to receive a stream of payouts at regular intervals. Annuities can be structured in many different ways depending on your age, your future goals, and your family obligations. You might want to structure your annuity to pay out for a set amount of time, or you might opt for a lump sum after the accumulation phase.
Selecting the right annuity for your unique situation is the key to enjoying your golden years and taking care of your family. To learn more about what type of annuity is right for you, schedule an appointment with Enhanced Benefits Solutions by calling them at (636) 928-8586, or visit them online today.