Annuities
One of the greatest concerns to retiring Americans is the chance that they may outlive their income. A properly structured annuity program can help you accumulate larger sums of money through tax deferred compounding, then provide you an annual income for life no matter how long you live.
Annuities, by virtue of their special tax deferred tax status offer the chance to accumulate more money than similar taxable accounts (CDs, money market funds) paying the same interest rates. Tax deferral allows the money you normally would have paid out in income tax to stay in the account and grow through the compounding of the interest. Most fixed rate annuities also usually have a principal guarantee feature to protect your investment. Various plans have different product features depending on your personal needs and circumstances.
Contact us to receive a complimentary, no -obligation analysis of your current annuity plan. Or, if you are interested in purchasing a new annuity, request our spread sheet to compare products, features and rates on most major companies’ current plans. Our experienced staff can help you choose the plan best for you.