Are you concerned about outliving your retirement savings or budgeting when you stop getting a regular paycheck from work? An annuity may be a smart investment for you. An annuity is a retirement savings vehicle that you can use to produce a steady stream of income to supplement social security and other forms of income in retirement. Insurance companies issue annuities to people who either make a lump-sum payment or a series of payments. In return, they receive regular payments from the annuity company that begin either immediately or on a specified future date. Funds in an annuity accumulate on a tax-deferred basis and may have the potential for returns, depending on what type you get. There are different types of annuities, including fixed, variable, and fixed indexed annuities. Noble Wealth Management can help you decide if an annuity is right for you and if so, we can provide you with a selection of annuities to match your unique financial objectives. We often recommend annuities to replace part of the bond portion of your retirement portfolio. As a means of creating fixed income and protecting your savings from market volatility, annuities can be very effective. However, they aren’t for everyone. Depending on your personal goals and circumstances, there may be a more effective option for you. That’s how Noble Wealth Management can help you. With more than 30 years of industry experience, we have a vast knowledge of annuity contracts and how they work in different situations. Our company assists individuals and families with annuities in the Prosser, WA area. Annuities have surrender charges for withdrawals in early years and are subject to to a 10% penalty for withdrawals prior to the age of 59 1/2.