A fixed annuity sets a guaranteed payout for the rest of the beneficiary's life. Fixed annuities can provide predictability and a steady income during retirement.
A variable annuity's payout stream is determined by the performance of an underlying investment. Variable annuities provide growth potential.
A combination of a fixed and a variable annuity is known as an indexed annuity. The annuitant receives a guaranteed minimum payout while the rest of the payment varies along with the underlying investment's performance.
Immediate annuities begin to pay a short period after the investment is made. These can be fixed or variable.
Any money earned by investing in a deferred annuity will be accumulated until payout is set to begin. Deferred annuities can be fixed or variable and can be converted to immediate annuities once payout is desired. Are you a SAVER looking to hold off taxes? Are you looking to have an INCOME STREAM when you retire? Are you a RETIREE looking for an INCOME for LIFE? Contact Us to help you find the right vehicle to navigate your retirement future!