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
Different types of annuities based on risk tolerance.
- Fixed, Variable, Income
- Grow retirement
- Income – now or in the future
- Leave a legacy
|Security||Backed by FDIC $250,000||Backed by Insurance Co|
|Taxes||Interest Income||Earnings are tax deferred|
|Liquidity||Short term, renew, penalty||7 year sliding scale surrender|
|Estate||No Beneficiary (must be state in a will)||You can name a beneficiary|