Annuities
Why Start Saving Now?
Saving for Retirement
The earlier you begin saving tax-deferred, the better. The Department of Labor estimates that for every 10 years you delay saving for retirement, you will need to save up to three times as much each month to earn the same amount.1As American lifespans lengthen, careful retirement planning takes on added importance. The Department of Labor estimates that workers who retire now at age 55 can expect to live, on average, 23 to 27 years in retirement. The challenge is how to accumulate wealth during your working years and distribute that money during retirement to help make sure the money doesn't run out.The annuity is the only financial instrument that offers tax deferral and a guaranteed income stream at retirement, regardless of the contract value. These are payments you cannot outlive, backed by the claims-paying ability of the insurer.
1 U.S. Dept. of Labor, Saving Fitness: A Guide to Your Money and Your Financial Future, 1999.
Variable annuities are sold by prospectus only, which contains complete information on charges and expenses. Investors should consider the investment objectives, risks, charges and expenses of the investment company carefully before investing. The prospectus contains this and other information and can be obtained by contacting your Financial Advisor advisor. Please read the prospectus carefully before you invest.
This information has been obtained from sources we believe to be reliable, but we do not guarantee its accuracy or completeness. Neither the information nor any opinion expressed herein constitutes a solicitation or sale of securities, which can be made only by prospectus.
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with SBHU Life Agency, Inc. Citi Personal Wealth Management, MyFi, and Citi Private Bank offer insurance products in conjunction with Citigroup Life Agency LLC.
Please contact your advisor for more information about available products, services and research.
For more information, please contact your Financial Advisor.