June Is Annuity Awareness Month: What You Need to Know

When it comes to planning for retirement, one word often comes up that leaves many scratching their heads: annuities. That’s why June is Annuity Awareness Month—a national effort to demystify annuities and educate Americans on how they can be a powerful part of a secure financial future.

What Is an Annuity, Anyway?

An annuity is a financial product typically sold by insurance companies. In simple terms, you pay into it (either with a lump sum or through a series of payments), and in return, you receive regular income—often for life. Think of it as a way to create your own personal pension.

Annuities come in several flavors: fixed, variable, and indexed, each with its own benefits and risks. Some offer guaranteed income, others provide market exposure for growth potential. The right choice depends on your age, financial goals, and risk tolerance.

Why June Matters

Annuity Awareness Month was created to spotlight these often-misunderstood financial tools. Sponsored by the National Association for Fixed Annuities (NAFA), the campaign helps consumers, financial professionals, and even lawmakers better understand how annuities work—and who they’re for.

With so many Americans worried about outliving their savings, especially as lifespans increase, annuities offer a unique solution: guaranteed income you can’t outlive. That’s peace of mind a 401(k) or savings account alone may not provide.

So, this June, take a moment to learn more about annuities. Whether you’re nearing retirement or just starting to plan, understanding your options is the first step toward financial freedom. After all, it’s your money—and your future.

Please be on the lookout for annuity information going out during the month of June! 

Kaela Scott