Ensure a secure future with our annuity services. With our comprehensive approach, we strive to provide you the best annuity plans that meet your financial needs.
An annuity is a long-term investment product that can help secure your financial future. With an annuity, you make an investment in the product, and then at a later date, you begin receiving a stream of income. There are several types of annuities, such as fixed, variable, and indexed, each offering unique benefits. Understanding how annuities work can provide you with a reliable income source during retirement.
Types of Annuities
There are several types of annuities, each with unique features and benefits. Here’s a brief overview of the three most common types:
Fixed annuities offer a guaranteed rate of return for a specific period. The insurance company agrees to pay you a certain amount of interest on your investment, and your principal is guaranteed to not decrease. This can be a safe choice for conservative investors.
With an immediate annuity, you make a single lump-sum investment, and in return, you start receiving payments right away. This type of annuity can be useful if you need immediate income, such as when you retire.
Variable annuities provide the opportunity for potentially higher returns – but with a higher risk. Your money is invested in sub-accounts (similar to mutual funds), and your payouts will vary depending on the performance of those investments.
It’s important to choose the type of annuity that aligns with your financial goals, risk tolerance, and income needs. Our team can guide you in making this decision and choosing the right annuity for you.
Benefits of Annuities
Annuities offer several benefits that can enhance your financial security. They provide a secure income stream that you can’t outlive, allowing you peace of mind. Annuities also offer tax-deferral benefits, meaning you don’t pay taxes on the income and investment gains from your annuity until you withdraw the money. Moreover, some annuities come with death benefits that can be passed onto your beneficiaries.
Choosing the Right Annuities
Choosing the right annuity requires an assessment of your financial goals and risk tolerance. It’s crucial to compare different annuity providers to find the most beneficial terms and rates. Navigating annuity contracts can be complex, but our team of experts is here to guide you every step of the way.
To discuss your annuity options and how they can fit into your retirement planning, call us at (704) 584-9363 today. We’re here to help you secure your financial future.