Whether we like it or not, planning for retirement is changing and will continue to change. It is tough to rely on Social Security when its future is in doubt. Because of this, it's important that people prepare now for their future. For many, immediate annuities are a product that could assist with accomplishing this goal.
About Immediate Annuities
For those looking for recurring income payments within a short amount of time, immediate annuities can be a great choice. The growth of the funds placed within an immediate annuity is tax-deferred, which means you aren't required to pay taxes on this increase until the money is withdrawn.
Because there are many companies that sell them, there are several options when it comes to immediate annuities. The great thing about choosing Lake Point Advisory Group for retirement planning is that we are able to work with several of these financial institutions to provide our North Texas clients with options. Because of this, we're better equipped to find an annuity that meets your needs.
Want to learn more about immediate annuities? Meet with one of our experienced financial professionals. We'll be happy to talk about your financial and retirement goals to determine if one of these products would be the right choice for you.
Request a Consultation!
It is important to feel you have control over your future. At Lake Point Advisory Group, we offer our experience and knowledge to help you design your own strategy for financial independence.
By providing your contact information, you may be offered information regarding the purchase of insurance and investment products.
Insurance product guarantees are subject to the financial strength and claims paying ability of the issuing company, and may be subject to restrictions, limitations or early withdrawal fees. Annuities are not FDIC insured.