What is an annuity?
An annuity is a combination of an investment product and an insurance policy. The insurance part guarantees you a minimum account balance, a minimum amount of income, or both. The investment portion gives you the potential to grow your balance or your income stream.
They aren’t for everyone
Annuities are appropriate for a very specific type of person.
If you think you might need an annuity, you shouldn’t get it from someone who only sells annuities or insurance products. If you go to one of these folks, you’re probably walking out the door with an annuity, whether it’s the best strategy or not.
“If the only tool someone has is a hammer, everything looks like a nail.”
My firm has a wide array of financial products to help you pursue your goals. Annuities are just one tool in my tool belt. From my extensive experience, most people don’t actually need an annuity.
When you come in, we’ll evaluate your entire financial situation, then talk through the possible strategies. If we think an annuity is right for a portion of your money, we’ll show you the different options then together, we’ll choose the best solution for you. We offer annuity products from many nationally known companies like Prudential, Metlife, Lincoln Financial, Pacific Life, Jackson National, Allianz, and American General.
One thing you can be sure of is that we don’t have any “house brand” annuity products, so you can feel confident we’ll find a suitable option for you.
What does it cost?
At the end of the day, we’ll explain it all in detail, so you’ll know exactly what it costs and how you pay.
Get a second opinion
If you currently own an annuity, we can give you a second opinion on it. Sometimes older annuities have less attractive features and payouts. In such cases, an update might be appropriate. Using a 1035 exchange, we can move you into a new annuity without tax consequences.
Even if you’ve already talked to another company about an annuity, you should get a few opinions before making a final decision. Annuities are insurance contracts. You don’t want to enter into one without knowing all the facts.
Call 678-880-6267 or click the button to set up a visit.
Required disclosures: Annuities are long-term, tax-deferred investment vehicles designed for retirement purposes. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Withdrawals made prior to age 59 1⁄2 are subject to 10% IRS penalty tax. Surrender charges apply. Guarantees are based on the claims paying ability of the issuing insurance company. Listed annuity sponsors are not affiliated with or endorsed by LPL Financial or J. Lyndon Financial.