What is an Annuity?
With the future of Social Security in question and company pensions quickly becoming a thing of the past, retirement is no longer as certain as it once was. An annuity is a secure investment that can guarantee income for your retirement.
Retirement planning can be a bumpy road. Without the right investment vehicle, you may outlive your savings or suffer a lower quality of life to make ends meet. The government doesn’t make it easy, either. Taxes, Medicaid, estate planning, and a variety of other factors add to the uncertainty, putting your financial security in question.
Retirement is your opportunity to live your dreams. Don’t spend it on a modest income or, even worse, burdening your family financially. With an annuity, you can guarantee income for the rest of your life, so you can enjoy your golden years without worrying about the finances.
Tax-Deferred Annuity
401(k)s and IRAs are great for avoiding high taxes while saving for retirement, but there are limits on how much you can save each year. A tax-deferred annuity gives you another way to save that doesn't have these contribution limits, allowing you to save more and live better throughout your golden years.
Taxes can be a real drain, especially if you're in a higher tax bracket. Like it or not, that's money you'll never see again. Unfortunately, sponsored retirement savings plans have built-in restrictions, which can keep you from reaching your retirement income goals.
A tax-deferred annuity is the perfect complement to existing retirement savings. You can defer more for later with fewer restrictions, all the while avoiding high taxes just as effectively as a 401(k). Instead of living within your means, you can look forward to retiring with confidence and security.
Income Annuity
Many retirement options involve a limited, depleting lump sum to live off for the rest of your life. As people live longer and government retirement benefits become less reliable, the chance of you outliving your nest egg is more likely every day.
An income annuity can guarantee you a regular, pension-like income for the rest of your life. Retirement is a time to reward yourself for a lifetime of work. How do you want to spend it? Do you want to count the years and budget your savings sparingly? Worse still, do you want to live well and run the risk of exhausting your savings early?
Of course not, you want to enjoy your retirement, not spend it worrying about the finances. An income annuity let’s you do just that. With a guaranteed paycheck every month for the rest of your life, you can make your golden years truly golden.
Annuity Exchange
Investing for the future is not a one-step process. If you aren’t reevaluating your investments from time to time, you might be losing out. An annuity exchange allows you to shift your existing annuity product into a better offering.
Many older annuities leave a lot to be desired. They can be confusing, complicated, or difficult to manage. Worse still, they may incur high management fees or limit your investment options, essentially undercutting your return. With thousands of potential retirement dollars on the line, are you sure you’re getting the most out of your annuity?
An annuity exchange gives you the power of choice. See an annuity product that you like better? You can roll your existing annuity into a new one to get the better deal. Managing multiple retirement assets? You can consolidate them into one for ease of management and superior returns. By trading up to a better annuity, you’re trading up to a better retirement.
Retirement planning doesn’t have to be a hassle. With a variety of providers and options available, your annuity can be customized to meet your retirement income goals without exceeding your budget.
Annuity Services
- Guaranteed Income. Your annuity can be structured to pay out as a lump sum, for a fixed period of years, or even for the rest of your life, giving you income that you can’t outlive.
- Competitive Rate of Return. Most annuities return at a rate equal to or greater than Certificates of Deposit (CDs).
- Zero Risk. With a guaranteed minimum rate of return of 3% to 4%, you’re guaranteed to turn a profit no matter what.
- Tax-Deferral. Contributions to your annuity are not taxed until you withdraw.
- Medicaid Qualification. Your annuity can be structured to shelter assets, allowing you to qualify for Medicaid more easily without sacrificing quality of life.
- Probate Avoidance. By naming a beneficiary, your annuity can bypass the lengthy and potentially expensive probate process.
- Liquidity. You can withdraw money from your annuity when you need it, subject to certain limitations.
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