Plan Your Retirement Now! The power of a fixed index annuity.

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What Is an Annuity?

An annuity is a powerful financial tool designed to provide a steady stream of income—typically for retirement. Offered by insurance companies, annuities allow you to grow your money tax-deferred and then convert it into guaranteed income for life or a set period. Whether you're looking to protect your savings, grow your wealth, or ensure long-term financial security, annuities offer flexible options tailored to your goals.

At Kings Legacy, we proudly represent some of the most trusted and top-rated insurance companies in the country, ensuring you get access to the best annuity solutions available specially FIA's.

What Is a Fixed Index Annuity (FIA)?

A Fixed Index Annuity (FIA) is a retirement savings product designed to offer:

  • Growth potential based on the performance of a stock market index (like the S&P 500)
  • Protection against market loss — your principal is not at risk when the market goes down
  • Guaranteed income options for life or a set period



Features of Fixed Index Annuities:


1. Market-Linked Growth – Without the Risk
Your annuity earns interest based on the movement of an index — but if the market drops, you won’t lose your principal or credited interest.


2. Tax-Deferred Growth
You don’t pay taxes on earnings until you withdraw, helping your money grow faster over time.


3. Lifetime Income Options
With income riders (optional), you can create a personal pension — guaranteed income for life, even if your annuity runs out.


4. Protection for Loved Ones
Many annuities include a built-in death benefit, allowing your unused funds to pass directly to beneficiaries without probate.


5. Optional Riders for Flexibility
You can customize your FIA with riders for nursing home care, early withdrawals, or enhanced income guarantees.



💡 Who Is It Best For?


Fixed Index Annuities are ideal for people who want:

✅ Protection from market losses
✅ Competitive growth potential
✅ Tax-deferred savings
✅ A guaranteed income stream in retirement
✅ Peace of mind



Plan your comfortable retirement income

In another article, we provided a few tips for success in retirement. Let’s take a step back and explore the realities of retirement today and a possible solution to common financial concerns.

The word “retirement” can bring up a variety of emotions.

Some dream of spending every day on a golf course, at the beach, with grandchildren, gardening or traveling. After 40+ years of working hard and raising a family, some feel ready to embrace those hobbies and enjoy their time away from work. For others, retirement can bring up feelings of uncertainty and even fear.

As you consider the way retirement will look for you, a good place to start is by assessing your financial preparedness. You're used to keeping up your bank account with a regular paycheck from your employers — which can leave you with valid concerns and questions.

  • Am I prepared to retire?
  • What happens to my bank account in retirement?
  • How do I keep up with my finances?
  • How do I guarantee that I’ll have income throughout retirement?


Put a retirement income plan in place that works for you

You can ensure you’re prepared for your retirement by planning ahead.

To help grow your retirement savings, start building the habit of saving what you'll need and only spending what’s left.

Additionally, a financial professional can help you put a retirement income plan in place that works for your needs — one that can keep money coming in after you’ve stopped working.


Realities of retirement income today

Retirement today may not look the same as it did for earlier generations.

For example, pension plans — which would pay you a monthly check for the rest of your life — were a multi-decade trend for companies to offer employees. But they’re no longer common and have been declining over the last couple decades.

In 2024, only about 16% of Fortune 500 companies still offered a defined benefit pension plan to new hires, down from 59% in 1998.1 

In addition, people are living longer and needing income longer than they used to.

According to the CDC, the average life expectancy in the United States in 2024 is 77.2 years, compared to 73.7 years in 1980. The growth in life expectancy tells us more and more people are living well into their 80s, 90s and even 100s.2

This increased life expectancy creates a need for more years of guaranteed retirement income. And sources like Social Security and pensions may not be enough to meet your income needs in retirement.

It's important to invest wisely and plan how you’ll generate income after retirement. One way of doing this is through income annuities.


Give yourself protected income for retirement

So often, the focus of planning for retirement is on growing our retirement savings. We should also focus on turning our accumulated assets into income in retirement.

For those looking to retire, one purpose of accumulation is to create monthly retirement income. By purchasing an income annuity, you will be generating checks for life. This is a guaranteed way to secure income during your retirement years.

If guaranteeing your income sounds good, the next step is to talk to your financial professional. Here are a few questions you’ll want to ask your financial professional:

  • How much money will I need in retirement?
  • What are my guaranteed sources of income (e.g., Social Security)?
  • What is the income gap between how much I'll need and how much I currently have guaranteed?
  • How can I fill that gap with other retirement assets to create lifetime income?

Talking through these questions with your financial professional will help you determine if an income annuity is a good solution for you.

Stay Informed

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