An Annuity is a financial product that can provide a steady stream of income over a set period of time, typically for the rest of one’s life. Annuities can be particularly beneficial for people approaching retirement, as they can provide a reliable source of income during a time when traditional sources of income, such as a salary or wages, may no longer be available.
Annuities can also be customized to meet each client’s specific needs and goals. For example, some annuities may offer a higher payout rate for a shorter period, while others may offer a lower payout rate for a longer period. Our team at Mandelah Financial can work with clients to determine which type of annuity would most benefit their individual needs and goals.
