Annuities are a popular choice for investors.
Annuities provide an essential part of your total retirement investment portfolios. This can broaden and spread risk with uncertainties like market performance, your longevity, and inflation rates affecting your investment results. Essentially, when you invest funds in an annuity, it guarantees to make payments to you on a future date or series of dates. Shop Now!
There are two types of Annuities.
A deferred annuity allows you to invest your money for a period of time until you are ready receive distributions, usually after your retirement has commenced. An immediate annuity will begin payments soon after you make your initial investment. An Immediate Annuity is typically purchased as one approaches retirement age. A Deferred Annuity may be converted into an Immediate Annuity when the policyholder wants to start making withdrawals. Shop Now!
Tax incentives and distribution amounts contribute to your retirement income.
Distribution amounts you receive depend on whether you choose a fixed annuity that offers a guaranteed payout, or a variable annuity that pays according to rates determined by the performance of your Annuity’s core investments. Considerable tax advantages can be enjoyed with choosing to invest in Annuities. Money that you invest in an annuity enjoys tax-deferred growth. When you decide to make withdrawals, the amount you contributed to the annuity is not taxed, but your earnings are taxed at your regular income tax rate.
There is no annual contribution limit for Annuities, unlike other tax-deferred retirement accounts. This feature of Annuities allows you to invest more money in less time, and has proven useful for those that find themselves closest to retirement age and want to catch up. The tax-free compounding principalwith an Annuityoffers a huge advantage over the taxable retirement investment options. Shop Now!
A steady and reliable source of income in retirement offers peace of mind.
The income you receive from an annuity can be distributed monthly, quarterly, annually or as a lump-sum payment. Often, however, retirees prefer to choose guaranteed payments for a specific length of time or the rest of your life, providing a reliable source of income.
Annuities offer a great vehicle to invest your earnings and capital. Other retirement income sources, such as Social Security and pension plans may be complimented with Annuities. As you plan for your future, our Professional Agents can let Annuities bring you peace of mind.