Being ready for retirement doesn't just mean you've saved enough money. It also means feeling confident because you have the guaranteed income you need.
Deferred annuities can help you save more for retirement and defer taxes.1 They are available in both fixed and variable2 varieties
Deferred income annuities3 can aid you in preparing for retirement. They create a future stream of income while helping protect1 savings from market fluctuations.
Immediate income annuities can offer greater confidence with a source of guaranteed income that will last as long as you want, or as long as you live.
Please note that this calculator is to be used for estimation purposes only. To obtain real rates feel free to reach out to one of our representatives by using the phone number or website form below.
This calculator is a provided as a hypothetical example for illustrative purposes only.
Learn More About Annuities So, is an annuity right for you? It all depends on where you are and where you want to be! If you would like to learn more about the different types of annuities and how they could help you, contact our team today!
Call 216-284-5219 for a no cost consultation
An annuity, in its most basic form, is an account or a contract with an insurance company.
The thing about annuities is that there are many different types just like cars. Some people need larger cars to move their families around, some people want smaller, faster cars, some need a car that can handle the snow and ice; it all depends on what you want and what you need. This is true for annuities too!
There are annuities that will create a regular monthly income that could be important for someone who is at or near retirement. This is for someone who knows that they're going to need additional income every month.
There are annuities that are designed to pass money on to someone else. If you have put away more money than you'll need to spend, this type of annuity could be set aside to leave money for your children, grandkids, or even a charity.
There are also growth-type annuities for people who don't need extra money in retirement and won't need to pass their money on. There are certain types of annuities that do a very good job of helping you grow your assets.
Before investing, consider the investment objectives, risks, charges, and expenses of the annuity and its investment options. Contact Vantage Financial Group for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
Guarantees apply to certain insurance and annuity products and are subject to product terms, exclusions and limitations and the insurer's claims paying ability and financial strength.
1.I f you are buying a variable annuity to fund a qualified retirement plan or IRA, you should do so for the variable annuity's features and benefits other than tax deferral. In such cases, tax deferral is not an additional benefit.
2. Investing in a variable annuity involves risk of loss - investment returns and contract value are not guaranteed and will fluctuate.
3. Deferred Income Annuity contracts are irrevocable, have no cash surrender value and no withdrawals are permitted prior to the income start date.