Great West Retirement
Great West Retirement services provide a wide array of investment options for those planning for retirement. They offer retirement annuities, as well as life insurance annuities. They also offer investments which can used for short term income, which can then be utilized to put towards an investment account. In some cases, short term investments can provide a great boost to the amount invested in retirement annuities.
Retirement annuities are a
contract between the company and the individual. The individual makes
financial contributions to the annuity plan and Great West Retirement
services then invests the money. The money may be taken out when the
individual retires, in one lump sum. In fact, many retirees plan for
this option to be sure that they have a large amount of money available
upon retirement. While they may not receive as much money as they would
on a payment plan, this type of annuity allows individuals to take out
the money and invest it how they see fit.
Great
West retirement option also include annuities which make payments to
the individual after they retire. The cyclical payments last until the
individual passes away or until a certain point in time, which ever
comes first. This is a guaranteed source of retirement income provided
by Great West retirement services.
Planning
between an individual and Great West includes careful consideration of
a budget plan for retirement. The annuity payments allow individuals to
have additional income in case of emergencies or unforeseen
circumstances.
