With the average retirement age increasing every year, the importance of saving for retirement is growing exponentially. Nearly gone are the days of pensions & employer-paid 401Ks. An annuity can be used to solve this issue for our clients. Index Annuities have become a very popular choice for retirement planning, especially with the stock market volatility over the last decade. Annuities are financial contracts between an insurance company and contract owners. Payments into an annuity can be made via a lump sum or a series of monthly payments to the insurance company. These funds will accumulate on a tax-deferred basis, which can be a tremendous advantage over time. Fixed Index Annuities provide an opportunity for growth without the risk involved with most investments. This is especially attractive to pre-retirees and retirees looking to preserve assets they have built over several decades. Many annuities offer the ability to add optional benefits such as lifetime income riders, which gives clients a guaranteed income no matter how long they live.