Although no one likes to think about these possibilities, the odds tell us you must. Given these facts, it's crucial to begin preparing for the future today, so you don't have to worry about tomorrow. Whether you're single or married, it's important to make sure you will be financially secure in retirement. There are all kinds of financial products on the market to help women address their unique needs and concerns. And many women look to annuities to help them save for their future.
Annuities can offer several distinct advantages.
For example, with a deferred annuity, the money you put in accumulates tax-deferred. This means that taxes are not paid on your earnings while your money's growing, but rather, only as it's withdrawn. This may allow your money to accumulate much faster than it might in a comparable, currently-taxable investment. In addition, an annuity can provide you with the flexibility to handle life's changes. With many annuities, you can add to your policy as your finances permit and you can even arrange to make systematic contributions directly from your checking account.