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Annuities

Annuities can be a big part of retirement strategy. An annuity is designed to accept and grow funds and then, upon annuitization, pay out a stream of payments to the individual.

Types of Annuities

  • Fixed Annuities
  • Deferred Annuities
  • Variable Annuities
  • Indexed Annuities
  • Income Annuities
  • Single Premium Immediate Annuity

Benefits of Annuities

  • Receive tax-deferred growth and compounding within the annuity contract
  • Guaranteed rates of return on investment
  • Guaranteed lifetime payments if you annuitize

Withdraws are subject to ordinary income tax and if taken prior to age 59 ½ may be subject to a 10% federal tax penalty.

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