Secure Your Retirement: Understanding Annuities

With traditional defined benefit pensions becoming increasingly rare, most Americans rely on retirement savings vehicles like 401(k)s, IRAs, and other investments to fund their post-work years. Turning these savings into a reliable income stream can be challenging. 

This is where annuities have become a popular—and now mainstream—option. Many annuities offer “income for life,” similar to Social Security, providing peace of mind and financial security in retirement.

However, annuities come with important considerations. They often require locking up a portion of your assets, and not all annuities are created equal. Factors such as fees, surrender charges, payout options, and the financial strength of the issuing insurer can significantly impact your retirement strategy.

In this lecture, Fred Ciccone, a licensed insurance professional specializing in Medicare, Long-Term Care, and retirement income, will explore the various types of annuities, how they work, and key points to consider when evaluating them as part of your retirement plan. 

Attendees will gain practical insights to help make informed decisions about securing lifetime income in retirement.