Annuities

When it comes to filling the gaps in your retirement income, an annuity can help. Designed to pay a steady stream of income in your retirement years, Farm Bureau agents offer two types of annuities:

Fixed Annuities: Offer a fixed interest rate ensuring your balance will grow at a steady rate.

Indexed Annuities: Are often considered the best of both worlds, taking advantage of potential gains in the market while protecting you from loss with a guaranteed minimum interest rate.

You can begin to receive annuity payments upon reaching age 59  (any earlier and you could be charged penalties). Its up to you how you'll be paid one lump sum, annually, quarterly, etc.2 and you can also decide how long you'll receive payment with options ranging from one-time to a lifetime.

Annuities are often just one component of a retirement strategy that could include Social Security, 401(k) plans, and/or IRAs. I can be a valuable resource when it comes to choosing an annuity as part of your overall strategy.