Annuities

Annuities for Retirement

Annuities can help protect your savings and provide steady income, giving retirees more confidence in retirement.

What Are Retirement Annuities

Safe-money solutions

Annuities are insurance contracts that can provide many benefits, like create a guaranteed stream of income or grow savings with protection. For many retirees, they serve as a cornerstone of a safe retirement strategy by supplementing Social Security and pensions. At Iron Point Retirement Solutions, we help you understand how annuities work and determine if they align with your long-term goals.

Different Types of Retirement Annuities

Fixed, Indexed, and Variable

Fixed Annuities

Fixed annuities offer guaranteed interest rates, making them a reliable choice for retirees who want stability and protection from market fluctuations. They are designed to provide safe, consistent growth and are often used as a foundation for conservative retirement plans.

Fixed Indexed Annuities

Fixed indexed annuities combine the safety of principal protection with the opportunity for growth tied to a market index. This means your money isn’t directly invested in the market, but you can benefit from positive market performance while avoiding losses during downturns.

Variable Annuities

Variable annuities allow investment in market-based sub-accounts, which can offer higher growth potential compared to fixed options. However, they also carry more risk and are typically better suited for retirees comfortable with market exposure as part of a diversified strategy.

Key Advantages of Retirement Annuities

Income security, protection, and tax benefits

Guaranteed Lifetime Income

Annuities provide a steady stream of income designed to last for the rest of your life, helping cover essential retirement expenses.

Protection From Market Volatility

Fixed and fixed indexed annuities can shield your retirement savings from sudden market downturns while preserving your principal.

Tax-Deferred Growth Potential

Earnings inside an annuity grow tax-deferred until withdrawn, allowing your savings to accumulate more efficiently over time.

Common Questions About Iowa Annuities

Clear answers for confident retirement planning

  • Are annuities a good idea for retirement income?

    Annuities can be a strong choice for retirees who want guaranteed, predictable income to supplement Social Security or pensions. They are especially valuable for those who prefer to limit risk and protect their savings from market volatility. Whether an annuity is right for you depends on your income needs, time horizon, and overall retirement plan. We take time to review your situation and ensure an annuity fits into a balanced, long-term strategy.

  • What types of annuities work best for retirees?

    Many retirees choose fixed and fixed indexed annuities because they offer stability, principal protection, and lifetime income options. These types align well with safe-money strategies that prioritize security over market risk. Variable annuities can offer growth but may not be ideal for conservative retirement plans. At Iron Point, we evaluate which type suits your personal goals and risk tolerance.

  • Can an annuity protect my 401k from losses?

    Certain annuities, especially fixed and indexed, can help protect retirement funds from market downturns while still providing growth opportunities. For many people approaching retirement, shifting a portion of savings into these products offers peace of mind. They can complement other assets and create a safety net for your income needs. We work with you to determine the right balance for your situation.

  • How do annuities fit into a retirement plan?

    Annuities are often used to create a foundation of guaranteed income that covers essential expenses. They work alongside Social Security, pensions, and investments to form a comprehensive retirement strategy. By integrating annuities into your plan, you can reduce uncertainty and make your income more predictable. Our team helps design a plan where annuities complement your other assets without over-allocating funds.

  • Are annuities safe for retirees?

    Annuities are backed by insurance companies and regulated by State(s) Insurance Division, which enforces strong consumer protections. Fixed and fixed indexed annuities are designed as safe-money options, focusing on preserving your principal and providing steady income. While every product has details to consider, each state's regulatory environment adds a layer of security for retirees. We explain these protections so you can make confident decisions.