Atul Makharia is a Registered Representative with Cola Wealth Advisors in Lexington, South Carolina. A top-ranking broker, Atul Makharia taps into his two decades of financial planning experience to help clients reach their goals.

When workers are looking to achieve an income in retirement, they should build a financial strategy that maximizes savings, diversifies their investment portfolio, and contains an effective tax plan. Annuities offer these options to working individuals. A fixed annuity gives a specified payment while a variable annuity depends on the underlying investments' performance.

Many individuals practice annuity laddering to maximize return. This means buying numerous annuities at different periods to limit the effects of fluctuating market conditions.

Delaying payments on plans also raises the payments. In this strategy, retirees do not begin withdrawing until years into retirement, which gives their investment more time to grow.

Securities and advisory services offered through Centaurus Financial, Inc. Member FINRA and SIPC, a Registered Investment Advisor. Centaurus Financial, Inc., and Cola Wealth Advisors are not affiliated companies. Please visit Cola’s website for more information: https://www.colawealthadvisors.com/.