An annuity is a financial contract between you and an insurance company designed to provide you with regular payments over a specified period, often for the rest of your life.

Think of it as creating your own personal pension plan. You make either a lump-sum payment or a series of payments to the insurance company, and in return, they guarantee you a steady stream of income either immediately or at a future date you specify.

Guaranteed Income:
Unlike investments that fluctuate with market conditions, many annuities provide guaranteed payments regardless of economic downturns. This creates a reliable foundation for your financial planning.

Longevity Protection:
One of the greatest financial risks in retirement is outliving your money. Annuities can provide income for life, ensuring you never run out of funds regardless of how long you live.

Tax Advantages:
Annuities offer tax-deferred growth, meaning you don’t pay taxes on earnings until you withdraw them. This can help your money grow faster compared to taxable investments.

Flexibility:
Modern annuities come in various forms to match different needs and risk tolerances, from immediate income annuities to variable annuities that offer growth potential.

Immediate Annuities:
Start paying you income right away.

Deferred Annuities:
Allow your money to grow before payments begin.

Fixed Annuities:
Provide guaranteed returns and payments.

Variable Annuities:
Offer potential for higher returns but with market risk.

Indexed Annuities:
Provide growth potential linked to market performance with downside protection.

Annuities may be particularly suitable if you:
•  Want guaranteed income in retirement
•  Are concerned about outliving your savings
•  Seek tax-deferred growth opportunities
•  Prefer predictable returns over market volatility
• Have maximized other retirement savings options

Choosing the right annuity requires careful consideration of your unique financial situation, goals, and needs. The annuity market offers numerous products with varying features, benefits, and costs.

Working with a licensed professional can help you navigate these options and find the solution that best fits your circumstances.

Licensed Agent Trina Fonville is available to help you understand your options and find the annuity solution that aligns with your financial goals.

With personalized guidance and expertise in the annuity market, she can help you make informed decisions about your financial future.

Take the first step toward greater financial security and peace of mind. Your future self will thank you for the decisions you make today.
Phone: (704) 213-6225

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