Annuities Assistance for North Texas Clients

Are you looking for a path to add security to your financial future? Do you want to plan for your retirement and take care of your children?

Things are usually a little complicated when it comes to your finances. Two of the most difficult choices to make are where to put your money and when to start. The mission of Lake Point Advisory Group is to help residents in North Texas with find answers to these and other queries.

First, let's discuss a general definition of annuities. An annuity is a financial product that functions as an agreement between a person and an insurance company. Whoever is buying the annuity makes a lump sum payment to the company and the company agrees to make payments back to the owner at a predetermined time. Relating to when these payouts occur, there are two basic types of annuities: deferred and immediate. Deferred annuities feature payouts that are pushed aside to a later date; the payouts of immediate annuities can start immediately.

There are four types of annuities: variable, immediate, fixed and fixed index. All of them share certain traits. Annuities operate as a contract between an individual and a financial institution. After paying a premium for a predetermined amount of time, the financial institution will return this investment (with interest) in a lump sum or incremental payments. Any investment into an annuity is tax deferred.

For many of our clients, investing in annuities is a great method to plan for the future. For many people, how annuities work may be a mystery. We will strip away the complexities and help you understand the basics of your annuity choices. Please read our individual annuity pages to learn more about available options or contact us at any time.


Take the next step toward a confident financial future

For more information about any of the products and services listed here, schedule an appointment today, or attend a live seminar.

Or give us a call at 214.771.3363