What is an Annuity
An Annuity is an insurance contract between an individual and an insurance company. - The money can grow tax deferred and then can be distributed back to the owner in a series of payments. This means 100% of your earnings are invested into an annuity and allowed to grow without having to pay taxes on earnings.
Types of Annuities - Deferred Annuity - Immediate Annuity
Deferred Annuity - A deferred annuity can be fixed or indexed.
Deferred Annuity - You defer paying income taxes on any earnings until you withdraw the money, traditionally at retirement age. All earnings grow tax-deferred .
Fixed Annuity - Fixed annuities guarantee a specific rate of return. Once the guarantee period is over, a new interest rate is set for the next period. This guarantee of both interest and principal makes the fixed annuity similar to a CD, however it is tax deferred
Indexed Annuity - Indexed annuities are based on the performance of an equity market index such as the S&P 500. - The principal investment is protected from any losses in the market, while gain adds to the return.
Immediate Annuity - An immediate annuity is an annuity which is purchased with a single payment and which begins to pay out right away. - The annuity payout can be structured in a number of ways.
Qualified Annuities - These annuities are usually within an IRA or a retirement plan from your employer and are rolled over to an annuity that includes money that has not yet been taxed.
Non Qualified Annuities - Also known as a 1035 exchange when you roll over money into an annuity that has already been taxed prior to the rollover
Annuities are a safe and secure vehicle for all your assets specifically for those who prefer to avoid the risk and don't have the time in years to recover from poor market conditions.
Some Advantages of an Annuity
No Risk of Loss
No Penalty Annual Withdrawals
No Penalty Rollovers
No Probate in Case of Death
No Annual Fees
Unlimited Contributions
Bonus Rates on Initial Deposits
Guaranteed Income
Protection from Creditors
Why Should You Consider an Annuity?
Do you have a plan for your retirement?
Do you have a safety net with your current investments?
Have you changed jobs without transferring your 401-k?
Have you created a Will? | 
