A fixed annuity can assist you in collecting tax-deferred earnings as part of your overall retirement design. Annuities bid the opening for lifetime payments and tax-deferred incomes, and deliver a definite death benefit for your heirs. All guarantees are supported by the constant claims-paying capacity of the allotting insurance company.
You may want to ponder capitalizing in an annuity as part of your long-term financial tactic if:
• You’re in a higher tax bracket, and want to defer supplementary income.
• You’ve reached your deductible limit on all your retirement accounts and wish to save additional for retirement.
An annuity is different from most other retirement savings plans — it’s actually an agreement between you and an insurance company. In return for making one or more premium payments, the insurance company agrees to provide you an income stream — usually during retirement. You can elect to take payment all at once or as a sequence of payments, even for the remainder of your life.
GPS Insurance Agency, LLC offers free, comparative quotes on fixed annuities from multiple insurance carriers so you can get the best possible rate.
Want to see how much we can save you? Just request a quote to find out.