Key Life Insurance Services

NO FEES NO RISK NO BRAINER! Have you recently left your job? Do you have old, unmanaged 401(k) accounts or are you over 60? Annuities might be a great addition to your retirement portfolio. Here are 5 of the biggest myths about ANNUITIES, lets debunked with FACTS: 1. Myth: Annuities have high fees. Debunked:?Not all annuities come with high fees. Fixed and immediate annuities typically have little to no fees, while variable annuities might include fees for features like riders or investment management. It’s important to understand the type of annuity you’re considering and its specific fee structure. *** Actually, there’s absolutely ZERO FEES on most of my client IRA account. 2. Myth: You can do better investing in the stock market. Debunked:?While the stock market may offer higher returns, it also comes with risk. Annuities, particularly fixed or indexed, provide guaranteed income and protection from market volatility, making them a safer option for those prioritizing security over high returns. *** While it’s true that the stock market can yield higher returns, I don’t believe 13% or 20% return is bad. 3. Myth: Annuities lock up your money for life. Debunked:?Most annuities allow for penalty-free withdrawals up to a certain amount after the first years. Some contracts also offer liquidity features, allowing access to funds in case of emergencies, like critical illness or disability. 4. Myth: Annuities don’t protect against inflation. Debunked:?Some annuities, like indexed or inflation-adjusted annuities, are specifically designed to help keep pace with inflation by offering returns tied to market indexes or adjusting payouts annually based on inflation rates. 5. Myth: You don't need an annuity if you have Social Security. Debunked:?Social Security may not cover all your retirement income needs. Annuities provide an additional, reliable income stream that can fill gaps in your financial plan, especially as retirement expenses rise. As a matter of fact, you can utilize annuities to out pace Cost of Living if structure properly. Disclaimer: The information provided here is for informational purposes only and should not be construed as financial advice. Please consult with a qualified financial advisor before making any investment decisions. Individual circumstances vary, and past performance does not guarantee future results.