June 1, 2023
Hey there, it’s your friendly neighbor, KSKJ Life, and today we’re going to talk about annuities – but don’t fall asleep just yet!
An annuity can be like a delicious pizza – you pay for it upfront and then get a slice of the pie later on in regular installments or a lump sum. Think of it as a way to turn your retirement savings into a steady stream of income, like enjoying a slice of pizza whenever you want.
Now, you might be thinking, “But I don’t want plain cheese pizza, I want something with more flavor!”
Well, fear not my friend, because KSKJ Life annuities come in different flavors too. First, you can start with a fixed deferred annuity, which is like a classic margherita pizza – reliable and simple, with a guaranteed fixed interest rate and guaranteed1 payments. Then come your choices or “toppings”: Are you already in retirement and want to start digging into those slices sooner? Then you can choose a KSKJ Life 3-Year Choice Annuity2. Or do you prefer to keep your pizza a little longer in the fridge before grabbing a slice? Good news for you! We also have both 5-year and 7-year options.
Plus, annuities can offer tax-deferred growth, meaning you won’t have to pay taxes on the earnings until you start taking withdrawals. And just like a pizza can come with free garlic knots, KSKJ Life’s fixed deferred annuities come with certain features3 like free withdrawal options, nursing home waivers and they’re also RMD-friendly!
So there you have it, folks. Annuities can be like your favorite pizza, offering a reliable and steady stream of income in retirement. And who knows, maybe the next time you’re biting into a slice, you’ll think about the exciting world of annuities.
1. Guarantees rely on the financial strength and claims-paying ability of KSKJ Life. 2. KSKJ Life’s 3-year Choice Annuity is a single deposit deferred contract with a guaranteed interest rate for three (3) years, after which the current renewal rate will apply. 3. Features for KSKJ Life’s 3-year and 5-year annuity are member benefits that are not guaranteed and can be modified at any time by KSKJ Life Board of Directors.
Want to learn more about how you can get a slice of the pie?
Connect with a KSKJ Life agent today!