In today’s ever-changing financial landscape, the allure of annuities is growing, especially with the backdrop of high interest rates. Even the headline of a recent piece by Globe and Mail personal finance columnist Rob Carrick reads: “If you have ever had thoughts of buying an annuity, now is the time”. More and more Canadians are recognizing the advantages that annuities bring to the table, providing a stable and guaranteed income stream that is shielded from market fluctuations.
Retirement planning goes beyond a one-size-fits-all approach. It’s about tailoring a strategy that combines guaranteed income with investments in a way that reflects your unique financial landscape. By meeting with a licensed OMA Insurance Advisor, you can discover how the right mix of annuities and investments can elevate your retirement confidence.
It starts with understanding how much guaranteed income you need in retirement to cover the expenses that are essential to maintaining your lifestyle. If government benefits are your only source of guaranteed income, adding an annuity to your investment mix to cover these expenses can be a powerful strategy.
Thanks to the Advantages Retirement Plan™, OMA members can protect their money for retirement with the purchase of a Guaranteed Lifetime Income annuity which is underwritten by Brookfield Annuity Company, a Canadian life insurance company.
If you’re 50 or older, the Advantages Retirement Plan™’s online platform makes it easy for you to allocate a portion of your RRSP savings to an annuity, and with the current surge of interest rates, you can lock in a greater guaranteed annuity payment with the same initial investment.
Book a free consultation with a licensed OMA Insurance Advisor to craft a personalized solution that provides peace of mind amidst market uncertainties. You can also log in to your Advantages Retirement Plan™ account on a computer and select “Guaranteed Lifetime Income” to learn more.