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Annuities

Annuities can be a very useful financial product for conservative investing for the longer term. Annuities offer some advantages over CD’s or bonds.

Annuities can be good for investors…

  • looking to save more for retirement in a tax-deferred investment
  • wanting asset protection with the potential for growth
  • seeking stable, guaranteed lifetime income

Annuities offer some advantages over CD’s or bonds:

Higher Interest Rate
  • Annuities generally offer higher interest rates compared to CDs. This can be especially beneficial if you’re looking for better returns on your investment.
Tax-Deferred Growth:
  • Annuities provide tax-deferred growth. Any interest or earnings within the annuity accumulate without being subject to immediate income taxes.
  • You only pay taxes when you withdraw money from the annuity. This can be advantageous for long-term investors who want to maximize their tax efficiency.
Lifetime Income Options:
  • Annuities are often used as retirement planning tools because they offer various payout options.
  • With a lifetime annuity, you receive regular payments for the rest of your life (or a specified period).
  • This provides a predictable income stream during retirement.
  • CDs, on the other hand, do not offer this feature. They provide a lump-sum payout at maturity, but you’ll need to find other sources of income afterward.

Interested in finding out more about annuities?

Call us at 800-380-8376.
Or schedule an appointment with us to discuss your needs.