I have been putting money aside for retirement throughout my career. While I still plan to work for the next ten years, I was starting to get concerned about having enough money to sustain me throughout my retirement. I wanted to find a safe way to accumulate additional retirement funds without the risk of market fluctuation.
I decided to purchase a Fixed Deferred Annuity for a 7-year fixed term. I like the fact that my money will increase at a steady rate throughout the life of the contract, and my rate of return is not subject to market volatility.
At the end of the seven years I will have increased my retirement savings, and will have the ability to withdraw the full value of the contract. The additional funds will help me reach my financial goals, and allow me more freedom throughout my retirement.