“We Make Annuities Much More Difficult Than They Need To Be”

When it comes to annuities, there are two main types: immediate and deferred annuities. Immediate annuities provide an immediate stream of income, typically starting within a year of purchase. On the other hand, deferred annuities accumulate funds over a specified period, allowing for future income payments. Within these two broad categories, there are additional subtypes of annuities that cater to different preferences and financial objectives. These subtypes include immediate annuities, variable annuities, fixed annuities, and indexed annuities. By understanding the different types and subtypes of annuities, individuals can choose the option that aligns best with their unique financial goals and circumstances.

Fixed annuities provide a guaranteed interest rate for set time frames. For example, a MYGA (multiple year guaranteed annuity.) Fixed-Indexed Annuities are very popular based on the fact that you participate in some of the gains but none of the losses.

*The General Rule is that the money cannot be touched until age 59 1/2.

Indexed annuities offer returns based on the performance of selected indexes, such as the stock market.

Also known as SPIAs. Immediate annuities deliver regular income payments for a period certain or period certain with life.

Variable annuities offer investment options tied to the performance of underlying assets. Monies are exposed to market risk/volatility.