ANNUITIES


Peace of Mind

ANNUITIES


Peace of Mind

Annuities for Retirement

If you are nearing retirement, Kelly Ramsdale & Associates can offer you a qualified Single Premium Income Annuity (SPIA) that will provide retirement income.

SPIAs provide a guaranteed stream of income for a certain period of time or for a lifetime, depending on the annuity type.  Contracts can also be written as joint and survivor (for married couples, as long as either is living), but also allow you to provide for your beneficiaries.

Using a SPIA as part of your total retirement income plan makes sense if you want a safe, predictable source of income with no active investment management required on your part. SPIAs also have no on-going investment management fees and expenses.

A SPIA for retirement is purchased with a one-time premium payment using either cash you have accumulated in savings or investment accounts, or qualified (401K, IRA, etc.) retirement monies. The periodic payments from a SPIA start within a year of purchase and payment frequency can be scheduled to meet your income needs, such as monthly, quarterly, semi-annually, or annually.