Annuity Resources
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Annuity Investing for your retirement. Retirement in your golden years goes much more smoothly when you've planned ahead with savings and investments. Annuities are a great way to secure your future and live life to the fullest. You are responsible for yourself and your future, so make sure it's enjoyable by preparing ahead of time.
What Options Do I Have With Annuities? Annuities are customized by the individual or individuals involved. There are many different terms you can opt for or that different companies offer. Before jumping into it, a lot of thought must be given such as planning what you will need for retirement and what you can afford now. These terms can be discussed at no charge by qualified individuals once you fill out our quick form so we can see exactly which you qualify for.
Who Needs Annuities When I Have Social Security? Everyone is fimiliar with how well run the Social Security system is. Many people are not living their life expecting Social Security to actually be around when they retire as it's so broken it could collapse at any time. The best thing to do is plan retirement without it and if it's something you can utilize down the road, consider it a bonus. The Only Financial Product That Can Guarantee Payouts for the Rest of Your Life Retirement planning is one of the biggest challenges facing Americans today. With concerns over company pensions, Social Security, and a volatile stock market, annuities can be a great way to grow and supplement your retirement income every year.In general, you buy an annuity with a lump sum or a series of payments. In return, your premium is paid back to you plus any earnings over a certain amount of time. Many annuities have a lifetime payout schedule; the longer you live, the more you receive. And with deferred annuities, your money can grow tax-deferred until your payout schedule begins.
There are several kinds of annuities. To get started, there are basically four main types to consider—fixed or variable and deferred or immediate. Fixed or Variable Annuities
A fixed annuity offers a guaranteed minimum interest rate or guaranteed income payment for a specific period of time. Fixed annuities are generally considered to be low risk and can guarantee retirement income that you can’t outlive. Deferred or Immediate Annuities A deferred annuity, which can be fixed or variable, means that your guaranteed payouts of income are delayed until you elect to receive them. Many fixed annuities offer maturities as far as 10 -20 years down the road, which allows your money to grow based on the stated interest rate over the years before your payout schedule begins.
An immediate annuity, which can also be fixed or variable, allows you to turn a one-time, lump sum payment into a guaranteed series of payouts that generally begin within a year of the annuity issue date.
Variable annuities are sold by prospectuses for the product and underlying investment portfolios. The prospectuses contain information on the investment objectives, risk factors, fees and charges, as well as other important information about the product and investment companies, that should be carefully considered. Please read the prospectuses carefully before investing. You can obtain prospectuses by contacting your registered representative.
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These are annuities that people opt for who need a set period of time for payback usually in ranges of 5-20 years.
These are annuities that the money is invested into a mutual fund managed by the company. Growth depends on the performance of the funds.
These are annuities that are purchased through a tax deferred account such as a 401K and are tax deductable.
These are annuities that are purchased through a tax deferred account but are NOT tax deductable and taxes must be paid on the income.
These are annuities that payout until the person is no longer alive.
These annuities require an up front lump sum of money to get going.