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Página principalFact: If appropriate, annuities are one way to strengthen and diversify your retirement portfolio, no matter your investing style or level of experience. Depending on your personal retirement needs, annuities could be a very important part of your retirement plan, especially if you're seeking guaranteed lifetime income to cover essential expenses.
Just as life insurance plays an important role in protecting your loved ones against your dying early, an annuity can protect you against an increasingly frequent occurrence: living so long that you outlive your savings.
Fact: As you evaluate if an annuity is right for you, consider the value of the annuity as part of an overall balanced portfolio. Other investment products may have lower fees but annuities offer income benefits and guarantees that other products cannot.
Some features of annuities — such as guaranteed lifetime income — can’t be found in other investment products and have additional fees. As you start looking at specific annuities that meet your personal retirement income needs, you should compare the fees for that annuity with other investment options available to you.
Fact: In most cases, customers choose a lifetime income annuity with beneficiary options that ensure payments either continue to a beneficiary for a set period or have a “guaranteed return of premium”. This means the payouts from your annuity — no matter how long you live — will equal at least the amount you put in.
Many variable annuities with income benefits offer a return of premium death benefit as well as enhanced death benefits that may be added for an additional cost. If this type of protection is important to you, please mention that when you speak with us about the features available with an annuity.
Fact: The guarantees on an annuity are backed by the claims-paying ability of the issuing insurance company. That means you should purchase an annuity from a company that you trust and that you believe will be able to deliver on its obligations outlined in your annuity contract. Wells Fargo Advisors conducts detailed due diligence to select some of the best insurance companies and annuities available, and we also provide ongoing reviews of carriers’ financial strengths.
Fact: Annuities come with many different features. One feature is a cost-of-living adjustment, where the payment to you increases with the rate of inflation. If this feature is important to you, let our financial professionals know and they’ll find an annuity that offers this benefit and let you know the cost associated with it.
Contact a Wells Fargo Retirement Professional for help deciding.
Call us 1-866-246-5056
Guarantees are based on the claims-paying ability of the issuing insurance company. Guarantees apply to minimum income from an annuity; they do not guarantee an investment return or the safety of the underlying investment choices.
Each annuity feature may incur additional cost.
Withdrawals of earnings are subject to ordinary income tax. In addition, a federal 10% penalty may apply to withdrawals taken prior to age 59½ and surrender charges generally apply.
Variable annuities are long-term investments appropriate for retirement funding and are subject to market fluctuations and investment risk.
Fixed annuities may have a higher initial interest rate, which is guaranteed for a limited time period only. At the end of the guarantee period, the contract may renew at a lower rate.
Unlike variable annuities, fixed indexed annuities are typically structured so that they are not securities registered with the SEC. Nor are the sales in indexed annuities regulated by the SEC or FINRA Regulation, Inc.
Asset allocation and diversification are investment methods used to help manage risk. They do not guarantee investment returns or eliminate risk of loss including in a declining market.
Investment products and services are offered through Wells Fargo Advisors. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.
Wells Fargo and Company and its Affiliates do not provide tax or legal advice. This communication cannot be relied upon to avoid tax penalties. Please consult your tax and legal advisors to determine how this information may apply to your own situation. Whether any planned tax result is realized by you depends on the specific facts of your own situation at the time your tax return is filed.
Retirement Professionals are registered representatives of and offer brokerage products through Wells Fargo Clearing Services, LLC (WFCS). Discussions with Retirement Professionals may lead to a referral to affiliates including Wells Fargo Bank, N.A. WFCS and its associates may receive a financial or other benefit for this referral. Wells Fargo Bank, N.A. is a banking affiliate of Wells Fargo & Company.
Insurance products are offered through non-bank insurance agency affiliates of Wells Fargo & Company and are underwritten by unaffiliated insurance companies.
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