top of page
Mother and Daughters

Annuities

Your annuity can guarantee a lifetime income for you, or you and your spouse. Annuities can also be used as an accumulation vehicle with no investment downside risk. 

What is an Annuity

An annuity serves as a valuable tool for individuals seeking to manage risk and enhance their investment portfolios. By providing stability and security, an annuity can help individuals achieve their financial goals, whether it's attaining financial independence in retirement or leaving a lasting monetary legacy for loved ones.

The primary objective of an annuity is to deliver a consistent stream of income, typically during retirement years. One of the key advantages is that earnings on annuities accrue on a tax-deferred basis, allowing for potential growth without immediate tax implications. Annuities can be funded with either after-tax dollars or pre-taxed funds, such as IRA rollovers and retirement savings.

Moreover, annuities offer a high degree of customization to suit the specific needs and preferences of the investor. Unlike some retirement products, there's no limit to how much you can invest in an after-tax annuity. Additionally, earnings grow tax-deferred, and taxes are only incurred on earnings upon withdrawal, typically at the individual's regular income tax rate.

What are the benefits of an annuity?

  • Stability and Security: An annuity brings stability and security to your investment portfolio, helping you navigate market fluctuations with confidence.

  • Financial Independence: With an annuity, you can work towards your goal of financial independence as you age, ensuring a comfortable retirement lifestyle.

  • Legacy Planning: An annuity can serve as a monetary legacy for your loved ones, providing them with financial support even after you're gone.

  • Tax-Deferred Earnings: Earnings on annuities accrue on a tax-deferred basis, allowing your investment to grow without immediate tax implications.

  • Tailored Options: Many aspects of an annuity can be customized to meet your specific needs and preferences, ensuring a personalized approach to retirement planning.

bottom of page