This content is provided for informational and educational purposes only and is not intended to serve as the basis for financial decisions. Retire Right is a lead generation service. Retire Right is not an insurance agency and does not sell, recommend, or provide advice about any insurance or annuity product. If you request it, Retire Right will connect you with an independent licensed insurance agent. Any product recommendation will come from that agent, who may be compensated through commissions on the insurance and annuity products they sell. Annuities are long-term retirement income vehicles and are not suitable for everyone. They involve fees and charges, including potential surrender charges and market value adjustments. Withdrawals may also be subject to surrender charges and will reduce the contract value and any associated benefits. Optional riders may be available for an additional annual cost. Long-term care riders are not a replacement for long-term care insurance. Bonus annuities may include higher surrender charges, longer surrender charge periods, lower caps, higher spreads, or other restrictions that are not included in similar annuities that don’t offer a bonus feature. Annuity features and benefits may not all be available, and exercising one or more features may reduce or negate other product features and benefits. Withdrawals of taxable amounts are subject to ordinary income tax and, if taken before age 59½, may be subject to an additional 10% IRS penalty. Fixed indexed annuities do not directly participate in any stock, bond or index, and you are not buying shares in an index. They involve caps, spreads and/or participation rates, which limit the amount of interest you may earn and may change at the issuing company’s discretion. Annuities are not FDIC-insured, are not bank deposits, and are not guaranteed by any bank. Annuity guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Product and feature availability may vary by state. Retire Right does not provide tax or legal advice. Always consult your own qualified tax or legal advisor regarding your unique circumstances. Retire Right is not affiliated with or endorsed by the U.S. Government or any government agency.
