It may feel like you live to work. You can also ensure you retire to play.
Keep getting a "paycheck"—even after you stop working.
Designed to help prepare you for retirement, fixed annuities are an effective way to grow and protect your retirement assets. They can also transform your savings into a steady stream of income whenever you’re ready.
This type of annuity provides guaranteed income payments for life. You’re in control and can determine how much income you want and how long you’ll receive it. All so you can have what you need, when you need it.
With this type of annuity, your money will grow at a guaranteed interest rate for a set period of time. No matter how the market fluctuates, your money will consistently grow. Then when you’re ready to access these funds, you can reliably receive the “paychecks” you planned on.
With variable annuities, your account’s performance is dependent on how your investment choices fare in the market. This kind of annuity may offer more growth potential than a fixed annuity, and may be a good option in the lead-up up to retirement, when the risk-reward balance makes sense. When you’re ready to receive payments, you’ll simply convert your account value to income.
Want to know more about annuities? Ask a New York Life Registered Representative near you about investment options that suit your needs.
Want to know how long your retirement savings will last? Our calculator can help.
Mutual Income Annuities come in two forms: a single premium lifetime annuity for income now, and a future annuity for income deferred until later. Both guarantee income for life. Which is for you?
Whole life policies build cash value that you can access during your retirement.**
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