Annuities

Since no one can predict the future, planning now for your financial security and protecting your assets is very important. 

Safeguarding a portion of your assets with an annuity can help you focus on the fun part of your retirement - like your dreams, your friends, and your family. 

How will you know what financial resources will be available when you need them in the future? 

You should have the assurance that the funds you are allocating for your long term financial goals will be there when you need them!

If you're asking yourself

▲ How can I generate retirement income that I won't outlive?
▲ How can I earn a competitive rate of return, save on taxes and not sacrifice  safety?
▲ How can I protect my beneficiaries from a large tax burden?
    

Annuities will help you meet these objectives.

What are the Different Kinds of Annuities?

When selecting the most appropriate retirement vehicle for you, keep in mind your investment objectives, risk tolerance and investment time horizon.  Generally you have two choices: the growth potential of stocks or the lower returns of more conservative alternatives.

Fixed
A Fixed Annuity is an interest-paying contract issued by an insurance company which offers a guaranteed, fixed interest rate for a set period of time.
A Fixed Annuity can give your hard-earned assets the predictability you're looking for and may help offset the risks associated with your other investment(s).  These types of annuities will earn interest at rates set by the insurance company or in a way spelled out in the annuity contract.  The company guarantees that it will pay no less than the minimum rate of interest.  Fixed annuities are offered on both short and long term basis, ranging from 1-14 years.

Indexed
Indexed Annuities use a calculated interest rate based on the indexes of the U.S. stock market using single strategies or a combination of strategies.
A unique feature of any fixed index annuity is that it offers guaranteed protection of your principal and allows you to participate in the performance of one or several market indices.  You share only in the index gains, not the losses.  Index annuities pay a minimum guaranteed interest rate offering downside protection when the market declines.  When you buy an equity-indexed annuity you own an insurance contract.  You are not buying shares of any stock or index.

Deferred Annuities
Offers the opportunity for an individual's purchase payments to gain accumulation and growth on a tax - deferred basis. Interest credited to your annuity contract is not taxed at the Federal or State levels until you take receipt of your money-perhaps at a time you're in a lower tax bracket. This allows you to earn interest on your premium, on your interest and on the money you would have normally used to pay your taxes!

Immediate Annuities 
An immediate annuity is usually purchased with a single premium or a rollover of a qualified 401k OR 403b retirement fund. It is guaranteed to pay you a stream of income that includes principal and interest. You choose the duration that meets your needs and protects your beneficiaries: a fixed period...for your lifetime...or a combination of both.                                

The common uses of an Immediate Annuity
Retirement Income
Income replacement due to a deceased spouse
Child support or alimony
Fixed-period debt obligations
Elderly parent support or a child's education needs

What are the Benefits of Annuities?

◊ Tax Deferral
◊ Safety of Principal
◊ Guaranteed Lifetime Income
◊ Avoidance of Probate
◊ Incontestability
◊ Creditor Protected
◊ Flexible Payout Options

Benefits include tax deferral, safety of principle, guaranteed lifetime income, bypasses probate, incontestable, creditor protected and flexible payout options. Annuities are insurance products.