7 Tips for Buying the Right Annuity
7 Tips for Buying the Right Annuity.mp4 from Mary Ladmirault-Sullivan on Vimeo.
Did you know that an annuity is a contract between you and an insurance company, under which you make a lump-sum payment or series of payments? Let us show you how a fixed index annuity could help you receive an income for life without giving up control of your hard-earned money, how beneficiaries can stretch receipt of IRA assets over their life expectancies for ongoing tax advantages, how deferred annuities are different, how the value of a deferred annuity changes and the smart and conservative approaches for long-term benefits.
Before You Decide
If you are considering purchasing an annuity, call us to discuss the following:
- The rating of the insurance company (indicating their financial strength) issuing the annuity, particularly in the case of a fixed annuity.
- Understand the fees you will pay.
- Understand that if you are considering a withdrawal from an annuity it may be subject to taxes and a 10% federal penalty if taken prior to 59 1/2 years of age
* Annuity guarantees rely on the financial stability and claims paying ability of the issuing insurance company.