Annuities in Greater Houston Area. You should consider annuities when developing your long term financial plan. Annuities give you the opportunity for lifetime payments and tax-deferred earnings. Our professional advisors can help you design your retirement strategy and how annuities can make you have the financial security of your dreams.
Annuities Protection in Houston, Texas
What are annuities? Annuities are the main way of turning a lump sum of money into an income stream, giving you the security of a guaranteed income for life. Annuities can be classified in different ways and categories. Some of these ways include: the purpose of the annuity, pay-out, tax status, & how the premium is paid.
- Immediate Annuities – For a specified period of time or for the rest of your life, you can use an immediate annuity for regular payments. Immediate annuities are single payment annuities. A large sum of cash can be used for income for a specific time frame. These are not intended to offer liquidity or growth.
- Income Annuities – An annuity that is fixed or variable paying a certain monthly amount. Income annuities are usually purchased in a lump sum and are used to provide a stable income for retirement.
- Deferred Annuities – This annuity will begin payments from a specific date. Usually these are purchased with payments or sometimes a single payment. These payments are typically made while you are working in order to receive payments during your retirement.
- Fixed Annuities – This annuity is used for retirement or savings for long term investors that want to have the stability of a fixed interest rate with no risk that they’ll ever lose any of the principal. A fixed annuity will provide steady and guaranteed growth with the tax-deferred benefit.
- Variable Annuities – With a variable annuity, the insurance company pays periodic payments to you either now or at a future date. You might see higher growth from a variable annuity, but will also be at risk from market changes. Variable annuities will vary with the performance of the investment options that are chosen.