Annuities are financial tools that can be used for receiving guaranteed income in retirement. . All Annuities are tax-friendly, meaning you do not pay taxes on them until you receive your annuity or income payments, which are usually when you are in retirement and could be taxed at a lower rate.
How Annuities Work:
Learning more about annuities can help you understand what options are available to you. A personal financial representative can answer questions you have about the following features:
Lasting income: An annuity is a contract between you and an insurance company. They invest your money and provide a regular source of income that you can receive as paycheck for life.
Tax advantages: Your earnings are not taxed until withdrawn. This means that when you typically start receiving your annuity or income payments, they could be taxed at a lower rate, making annuities an attractive savings option for retirement.
Variable payment periods: You can structure your annuity so that you can get a paycheck for life or for a set period. With some annuities, income can be extended to your spouse after you die.
We do not sell any insurance or annuities. However, we will help you select one for your unique needs.