Retirement Annuity Planning
Discover if Annuities Are Beneficial to Your Goals
Can annuities help you achieve your financial goals? Our advisors are knowledgeable about annuities and can help you decide if they are right for you. Whether you want to have a guaranteed income, save more for retirement, or build wealth, annuities can be an excellent addition to your retirement plan.
What Are Annuities and How Can They Help You?
Annuities can be a great way to help make your money work, but many people may not understand the risks, rewards, or workings of their annuities. Choosing a suitable annuity for your retirement isn’t an easy task. You might want the guarantee of principal and past earnings. Or you may prefer the potential of higher returns by being linked to the equity markets. If you’re considering annuities and have questions about what would work best, we’re here to help.
How Do Annuities Differ from Other Investments?
A fixed annuity is a contract you purchase with an insurance company. The insurance company credits interest to the contract value and provides options for the customer to receive cash from the contract. Annuities can provide people with lifelong guaranteed payments. Annuities differ from other investments in four important ways:
- Number of premiums you pay: The money you use to purchase a contract is called the “premium.” Annuities can accept a single premium or a series of ongoing premiums.
- Timing of payments: You can choose for payments to start immediately or at a future date.
- Interest earned: Depending on the annuity, interest is earned by a rate made in advance or based on the positive performance of a market-based index such as the Standard & Poor’s 500 index or the Dow Jones Industrial Average.
- Penalties for early withdrawal: Annuities should be used for long-term retirement goals. All annuities do have surrender charges meant to discourage you from ending the contract early and taking out more money than the contract allows.
To learn more about your options for annuities
Guarantees and protections provided by insurance products, including annuities, are backed by the financial strength and claims-paying ability of the issuing insurance carrier.
Other Services
Financial Planning
Our team is committed to providing you with a different type of financial planning experience, which means going beyond just pointing you in the direction of an investing provider. We walk with you every step of the way and are always ready to answer questions, explain investments, and align your plan with your family’s evolving needs and goals.
Retirement Planning
We provide comprehensive retirement planning through a long-term partnership with you. We design, implement, and continually monitor your plans and investments through an integrated FSA CARES process designed to help you have a successful retirement.
Legacy Planning
We offer thorough and thoughtful legacy planning that optimizes risk and helps protect your legacy. Our team can help you create clear and effective legacy strategies that align with your vision and values, creating a lasting impact for the next generation.