Planning
Your Retirement:
The Best Gift for Your Future Self
The smartest decision you can make today is to secure your financial peace of mind for tomorrow. Planning your retirement is an act of responsibility and self-love that your future self will always thank you for.
What is
an Annuity?
An annuity is a financial product designed to help you save while you’re working and then pay you steady income (usually yearly) during retirement. It’s perfect if you want guaranteed lifetime income and long-term financial stability.
Type of Annuity
Fixed
Offers a guaranteed interest rate and fixed payments. No surprises.
Indexed
Grows based on a financial index (like the S&P 500), with protection against losses.
Variable
Invests in market funds, higher risk but higher potential rewards.
Immediate
Starts paying you right after you invest. Great if you’re already retired.
What is an IRA?
An IRA (Individual Retirement Account) is a retirement savings tool with tax benefits. You can contribute a set amount each year (depending on your age and income) and watch your money grow smartly and strategically.
Type of IRA
Traditional IRA
Contributions are tax-deductible now; you pay taxes when you withdraw. Great if you want to lower taxes today.
Roth IRA
You pay taxes now, but withdrawals later are tax-free. Perfect if you expect your income to rise.
Simple IRA
Contributions are deductible now; taxes paid on withdrawal. Ideal for small businesses offering employee benefits.
SEP IRA
Designed for self-employed or small business owners. High contribution limits with tax deferral until withdrawal.
Why Choose
an Annuity or IRA for Retirement?
Long-term stability
Guaranteed lifetime income when you stop working.
Tax advantages
Tax deferral or tax-free growth depending on the product.
Capital protection
Your savings aren’t fully exposed to market ups and downs.
Purposeful planning
You’re not just saving money, you’re building a solid, strategic future.
Frequently Asked Questions
about Annuities & IRAs:
Can I lose money in an annuity?
It depends on the type. Fixed and indexed annuities protect your principal. Variable ones carry risk but also offer higher growth potential.
At what age can I start receiving annuity payments?
That depends on your contract and the time frame set—usually 5, 7, or 10 years.
What happens if I withdraw money from my IRA early?
If you take money out before age 59½, you might face a 10% penalty plus taxes, unless for specific exceptions like medical expenses, buying a home, or education.
Which IRA is right for me?
It depends on your age, income, and tax goals. If you want immediate tax benefits, Traditional IRA is a good fit. If you want tax-free growth for the future, Roth IRA might be better.
How much can I contribute to an IRA?
In 2025, you can contribute up to $6,500 per year (or $7,500 if you’re over 50). This amount can change yearly based on laws.
“Your retirement shouldn’t be a worry… it should be the reward for a lifetime of hard work and vision.”