Elaine Mahr – Annuities
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Annuities- The Investment For Your Future
What is an annuity?
An annuity is an investment you make now that guarantees a steady stream of income when you need it in the future.
You make a lump sum contribution or a series of payments and it provides regular payouts during your retirement years.
This is a contract and there are some fees involved.
Life insurance is for those that die too soon.
Annuity is for those that live too long
Types:
Different types of annuities based on risk tolerance.
- Fixed, Variable, Income
Purpose:
- Grow retirement
- Income – now or in the future
- Leave a legacy
| CD | Annuity | ||
| Security | Backed by FDIC $250,000 | Backed by Insurance Co | |
| Taxes | Interest Income | Earnings are tax deferred | |
| Yield | 1.7%-2% | 2.5%+ | |
| Liquidity | Short term, renew, penalty | 7 year sliding scale surrender | |
| Estate | No Beneficiary (must be state in a will) | You can name a beneficiary | |
