An annuity is an insurance product that can provide you with a stream of payments for a set period of time, typically after you retire. The payments are made either for a specific number of years or for the rest of your life.
Learn more about annuities from our financial advisors below.
Guaranteed minimum income benefits (GMIB) are a type of financial product that provides investors with a guarantee of a minimum level of income during retirement. These benefits are offered as an add-on feature to annuity contracts or other types of investment products. The most important rule when considering an income rider is: What type of […]
Purchasing trends are mirroring those from the 2008 recession, with decisions being driven by a growing concern about stock market volatility. Despite these fears, the Federal Reserve’s decision to raise interest rates to reduce inflation could positively impact purchasing annuities in 2023. Although the Federal Reserve may not directly impact their interest crediting rates, it […]
Annuities are a great way to ensure your financial security in the long term. Annuities provide regular payments that can help you pay bills and cover other expenses while also helping protect against inflation and market downturns. Annuities are popular with many retirees as they offer a steady income stream that can last throughout retirement. […]
Annuities are financial products that provide a stream of payments in exchange for an initial lump sum payment or a series of payments. The tax treatment of annuities can vary depending on the type of annuity and the timing of payments. Here are some of the most common tax options for owning an annuity: Deferred […]
Are you a retiree or a soon-to-be looking for an investment with a guaranteed income stream? Fixed Indexed Annuities may be the right choice for you. An indexed annuity is a type of financial product that offers guaranteed income streams and the potential to earn money based on market performance. Read on to learn more […]
American workers have seen their retirement savings plummet during the pandemic, and many are now turning to annuities as a safe haven for their hard-earned money. Fixed annuities hit a record high in 2022, driving total annual sales to $310.6 billion. Retirees and future retirees are driving this surge as they seek to protect their […]
Annuity scams are fraudulent schemes targeting individuals looking to invest their money in annuities. Scammers often use high-pressure tactics and make false promises to convince people to invest their money in annuities that are not in their best interest. The benefits of an annuity may seem too good to be true; more often than not, […]
The ins and outs of an annuity. Annuities are interesting products for persons looking to add a steady, predictable income stream in retirement. There are several reasons why a person might choose to buy an annuity: Guaranteed income: One of the main reasons people buy annuities is for the guaranteed income they provide. With an […]
Annuity Companies and how they invest. An annuity is a financial contract in which an insurance company agrees to make periodic payments to an individual, usually in exchange for a lump sum payment or a series of payments. The insurance company then invests the funds from annuity holders to generate income to pay out future […]
Saving for retirement is a critical part of your financial planning. Most people are familiar with employer-sponsored 401(k)s and IRAs, but there is another option for retirement savings that you may not have considered – an annuity. An annuity can be a great way to ensure a steady income during retirement, but you must understand […]
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