What Are Annuities?

Annuities are financial products offered by insurance companies that provide a guaranteed income stream, typically for retirement. They are an excellent solution for individuals seeking a steady and predictable source of income over a set period or for the rest of their lives.

Tax-Efficient Estate Protection

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Guaranteed Income

Annuities provide a fixed income, which can be paid monthly, quarterly, or annually, depending on your preference. This income can last for a set number of years or for your lifetime.

Customization Options

Annuities can be tailored to suit your financial goals. Options include:

Life Annuities

Provide income for the rest of your life.

Term Certain Annuities

Provide income for a specific number of years.

Joint-and-Survivor Annuities

Continue payments to your spouse after your death.

Tax Advantages

With non-registered annuities, only a portion of your income is taxable, as it includes a return of your original investment. Registered annuities (e.g., purchased with RRSP or RRIF funds) provide taxable income, but they ensure regular cash flow in retirement.

**Protection Against Longevity Risk

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How Studio Financial Can Help with Annuities

At Studio Financial, we understand that planning for retirement can feel overwhelming. Our team of experienced advisors are here to simplify the process and help you make informed decisions. Here’s how we can assist:

Personalized Retirement Plans

We assess your financial situation, future goals, and risk tolerance to determine if annuities are the right fit for your retirement strategy.

Access to a Wide Range of Annuity Products

Studio Financial partners with leading insurance providers to offer a variety of annuity options. We’ll help you compare features and benefits to select the solution that best meets your needs.

Tax Optimization Strategies

Our advisors will explain the tax implications of registered and non-registered annuities, ensuring your income stream is as tax-efficient as possible.

Peace of Mind

We’ll ensure your annuity plan is structured to provide long-term financial security, so you can enjoy retirement without worrying about outliving your savings.

Ongoing Support

Our relationship doesn’t end after you purchase an annuity. We’ll provide continuous support, reviewing your financial plan regularly and making adjustments as needed to keep you on track.

Is an Annuity Right for You?

Annuities can be a powerful tool for:

Retirees seeking predictable and stable income.
Individuals who want to supplement their pensions or RRIF withdrawals.
Those concerned about outliving their savings.
Investors seeking a low-risk, guaranteed income solution.

Plan Your Retirement with Confidence

At Studio Financial, our goal is to help you build a retirement plan that gives you confidence and peace of mind. Whether you’re just starting to plan or are ready to secure your income stream with an annuity, we’re here to guide you every step of the way.