When you are on the verge of making a major financial decision, you must walk through the proper steps to make sure you are aware of all risks. This comprehensive list will help show you how to buy an annuity.
At Annuity Straight Talk, we use these basic strategies to determine the best annuity for long-term financial stability and profitability.
Suitability –
Is an annuity right for you? The suitability quiz on this site will help align your goals with the benefits of an annuity.
Financial Review –
Review your financial assets and goals and determine your allocation to this investment. Things to consider:
- Your Time Horizon
- Your Current Asset Allocation
- Your Goals
- Your ‘Rainy Day’ Plans and Funds
Strategic Positioning –
Is an annuity flexible enough for your financial future?
Good annuities provide great flexibility and keep options open in retirement planning. Avoid tunnel vision by remembering these important facts.
- Length of retirement… life expectancy
- Number of working years remaining
- Future cost of health/long term care
- Maintain growth throughout retirement
- Navigate the maze of mandatory retirement plan distributions
Product Selection –
Which product offers you the best terms, flexibility and profitability?
The Retirement Income The Right Way Report will give you the tools to analyze all viable products. This is an essential step to empower yourself and verify that the insurance company and advisor are offering the right products. This is a free download from this site, use the form to the right.
Review and Implementation –
Make a list and check it twice. Leave no question unanswered. Then, buy the annuity and relax knowing you have made a solid choice.
This approach will allow you to make an informed decision based on all factors unique to your personal financial situation. You will also set yourself up for a lifetime of good choices. Take the first step and get our Retirement Income The Right Way Report.
How To Buy An Annuity
We believe the best person to trust in financial decisions is yourself. Tackle that responsibility with the tools and information from Annuity Straight Talk.
Step #1 is to sign up for our free Retirement Income The Right Way Report. This free report is available to help you understand these popular products, and you may be surprised to learn some of their pitfalls. Simply fill in your name and email and we’ll send it to you right away.
Step #2 is to visit the Members Area of Annuity Straight Talk- this free membership and The Retirement Income The Right Way Report is available to our members. This report outlines in detail the decision process and critical factors necessary in buying an annuity. Furthermore, in the Members Area are a host of other downloads and Product Detail Reports that outline specific details about each of the kinds of annuities you might consider
Step #3 is a strategy session, available to our members. These simple questions help us see if an Annuity is right for you, and help us to design an Annuity solution for your needs.
When you have the tools to make an informed decision, allow us to recommend annuities that meet your specific needs. You will find our recommended products and companies come with the best combination of Safety, Flexibility, and Profitability for your situation.
Last Updated on January 25, 2023 by Bryan Anderson