Annuities
in Highland Park, IL.
Get a paycheck in retirement, one that never runs out.
The biggest fear in retirement isn't the stock market, it's running out of money. Annuities solve that problem by converting a portion of your savings into guaranteed income that lasts as long as you do.
At our firm, we help families in Chicago's Northern Suburbs evaluate whether an annuity belongs in their retirement plan, and if so, which type fits best. Fixed, indexed, MYGA, QLAC, we cut through the complexity and give you a straight answer.
What this looks like in Highland Park.
Highland Park retirees whose property taxes run $14,000-$22,000 annually benefit from the income certainty a fixed annuity provides, particularly during the sequence-of-returns risk window of early retirement, when a market decline in the first five years can permanently reduce the sustainability of an income plan. We evaluate annuities for Highland Park clients as one tool for managing that risk, sized to cover fixed expenses rather than the full retirement income need.
The county details.
Many Lake County retirees from major pharmaceutical and healthcare employers have defined benefit pensions that form the foundation of their guaranteed income, which changes how we think about annuities. Rather than building an income floor from scratch, we evaluate whether the pension alone covers essential expenses and size any additional annuity to fill only the remaining gap. Illinois's full exemption of retirement income, including both pension and annuity distributions, means Lake County retirees face no state income tax on these sources, and the full benefit of guaranteed income flows without a state tax haircut.
Why Highland Park.
As a Lake County community, Highland Park residents benefit from slightly lower property taxes than Cook County neighbors. The community's strong cultural offerings and natural beauty make it an attractive place to retire.
Things Highland Park families ask.
Down the shore.
Talk to a Highland Park
advisor.
One free conversation about annuities, at your kitchen table, our Evanston office, or a video call.