Annuities are the Retirement Strategy That’s Quietly Brilliant

Retirement planning can feel like you’re running through a maze. Between market swings, rising costs, and the fear of outliving your savings, it’s easy to feel overwhelmed. Annuities can be a useful option for individuals seeking predictable income and protection from market volatility in retirement. 

What’s an Annuity, Anyway?

An annuity is a financial product that turns your savings into a steady stream of income. You pay into it (either all at once or over time), and in return, the insurance company pays you back in regular installments. Those payments can last for a set number of years or for the rest of your life.

There are a few types:

• Fixed annuities: Guaranteed return.
• Variable annuities: Payments fluctuate with market performance.
• Indexed annuities: Returns are tied to a market index, but with built-in protection from losses.

 

Why Retirees Love Them

Annuities offer peace of mind. Here’s what makes them stand out:

• Tax-deferred growth: Your earnings grow quietly until you’re ready to use them.
• Market protection: Fixed and indexed annuities offer stability when stocks get shaky.
• Social Security supplement: Think of it as a reliable sidekick to your monthly check.
• Estate planning options: Some annuities let you pass benefits to loved ones.
• Customization: Add riders for long-term care, inflation protection, and more.

 

Our Featured 5-Year Fixed Annuity

At GSB Investments & Insurance, located at Greenfield Savings Bank, we provide access to several annuity options. One of annuity offerings, for example, is a 5-year fixed annuity designed to provide a fixed rate of return for a defined period of time. This product is backed by ASPIDA and designed to give you a guaranteed rate of return for five years. It’s called WealthLock MYGA Plus 5.

• 5.15% APY for deposits of $100,000+
• 5.00% APY for deposits of $25,000–$99,999
• Available for funds from IRAs, Roth IRAs, or savings
• Minimum deposit: $25,000
• Principal protection and tax-deferred growth
• Flexible withdrawal options starting in year two
• This offer is subject to change or cancellation at any time

 

The rates provided above are effective as of November 7, 2025 and are subject to change without notice. ASPIDA, the issuing insurance company, is not affiliated with Greenfield Savings Bank or Osaic Institutions, Inc.)

Annuities are long-term insurance products that may include surrender charges, fees, and other restrictions. They may not be suitable for all investors.”

 

Let’s Talk About Your Future

Retirement should be relaxing, not risky. If you’re ready to turn your savings into something steady, let’s chat. Our team is local, experienced, and here to help you build a plan that lasts. Call or email Osaic Institutions Financial Professional Josh Mozeleski at (413) 775-8232. 

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Disclosures

Investment and insurance products and services are offered through Osaic Institutions, Inc. Member FINRA/SIPC. GSB Investments & Insurance is a trade name of Greenfield Savings Bank. Osaic Institutions and the bank are not affiliated. Products and services made available through Osaic Institutions are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.