Annuities

Annuities are designed as retirement vehicles. Annuities are a perfect fit for many people. Annuities are not for everybody. When shopping for annuities, here’s what to look for:

 

 

• An agent that will provide options—not push the highest commission product
• An agent that will clearly explain the differences between options
• An independent agent with access to multiple quality issuers
• An advocate who will shop for the best prices—not push the “company” plan
• The ability to talk to a real person, not a web site
• An agent licensed and experienced with different types of annuities
• An agent who is available to answer questions once the annuity is issued
• An agent who can clearly explain the tax features of annuities (tax advice should be from a qualified tax advisor)
• Many annuities have options with guaranteed death benefits, guaranteed return of principle, etc. Your advisor should be able to clearly explain these features

To find out if annuities are right for you through a no-cost consultation, click here or call Bruce R. Olmstead, CFP® at 678-364-9330.

Nice things to know:

• All annuities grow tax deferred
• The IRS does not limit the contribution amounts to annuities, unless it is an IRA.
• You can use an annuity to receive a guaranteed lifetime stream of income.
• Annuities can be immediate or deferred.
• Annuities can receive fixed (guaranteed) or market rates of return. Indexed-annuities use a combination of the two with a minimum guaranteed return.
• Annuities can avoid probate.

Related Information:

• Retirement Planning
• Wealth Management
• IRAs & 401k Rollovers
• Estate Planning