Need help choosing an annuity? Contact Alloy Investment Management. With so many investment options to choose from, it’s no surprise if you’re feeling overwhelmed. First, we can evaluate your investment portfolio to ensure it reflects your goals and timeline. Then we’ll explain the various annuity options, as well as any other investments we feel may help you build wealth and mitigate risk.
While we consider an annuity an investment, it’s really a contract between the buyer and the insurance company backing it. There are Fixed, Fixed Indexed, and Variable annuities with various payout options, risks, and rewards. Knowing what your potential income in retirement will be can help narrow down your choices. Fixed Indexed annuities are a long-term contract with deferred payout options. Your money grows tax-deferred and can provide a paycheck in retirement. Pre-retirees who want to increase their monthly income in retirement find this annuity option appealing. We can explain the difference in how interest rate is calculated for both options when you meet with us.
Fixed, and Fixed Indexed annuities are safe because returns aren’t based on stock market performance. Variable annuities, on the other hand, are riskier because returns are based on the stock market. Investors who don’t mind a higher-risk investment may choose a variable annuity because of the payout options. The money in a variable annuity grows tax-deferred, and the owner of the contract can choose to take payments periodically, in a lump sum, or periodically for the lifetime of two people. So, when one person dies the other continues to receive payments as scheduled.
It’s always easier to make financial decisions when you feel comfortable and not confused. Contact us at 800-689-3935 to schedule an appointment. We feel that seeking advice from a professional investment manager will be one of the easiest and smartest decisions you could ever make.