Fixed, Fixed Indexed & Income Annuities
Explore insurance contracts designed to help with savings goals or retirement income.
If you are considering an annuity for savings or retirement income, Joseph can help you understand the contract’s benefits, costs, restrictions, and guarantees. Consultations are complimentary.
Fixed
Pays a declared interest rate for a set period. Review the contract’s guarantees and what happens when the rate period ends.
Fixed indexed
Interest credits are linked to an index formula and may be limited by caps, spreads, or participation rates. You do not invest directly in the index. Review how the crediting method and contract guarantees work.
Income
Provides income beginning now or at a future date. Payments depend on the contract, your age, the amount contributed, and whether income covers one or two people.
Access to your money and contract costs
Many annuities have surrender periods and charges for early withdrawals. Before choosing a contract, consider when you may need access to your money and how much flexibility you need.
The source of the funds also matters. Money in an IRA, a 401(k), or an after-tax savings account can have different tax implications. Consult your tax adviser about withdrawals or transfers. Joseph can explain the annuity’s rates, surrender charges, and income features.
What to have ready
- The amount you are considering and whether the funds are in a retirement account or an after-tax account.
- When you need income and how long you can keep the funds committed.
- Your state of residence, which affects contract availability and carrier appointments.
To help protect your family financially after your death, explore life insurance.
Joseph works with annuity carriers including Guardian and Pan-American. Availability varies by state and carrier appointment. If you purchase a contract through him, the insurance company pays his commission.