Annuities
Create income for life, when you're ready for it. Annuities can serve as peace of mind as you approach retirement. Speak with us to see if an Annuity is right for you.
Types of Annuities
Immediate
An immediate annuity is a financial product that provides a guaranteed stream of income for a set period time or for the rest of your life. You make lump sum payment to an insurance company and in return, pay you a fixed amount of money on a regular basis. This can be a option for retirees who want a steady income stream to supplement their retirement savings.
Deferred
A deferred annuity is a type of annuity contract that delays payments of income, installments or lump sums until the investor elects to receive them, usually retirement age. This type of annuity is often used as a retirement savings vehicle, as it allows investors to accumulate funds on a tax-deferred until they are ready to begin receiving payments.
Are you approcaching retirement and have an a 401(k) from an old employer? Then deciding on if an Annuity is right for you is complex. Contact us to schedule a chat to see if an Annuity is right for you.