ANNUITY
Get an income for life
What is an annuity?
There are many types of annuities
- Immediate Annuities are like a pension, income that is guaranteed for life but little to know liquidity.
- Fixed Annuities are like a CD but with liquidity that a CD does not offer.
- Variable Annuities are more like a mutual fund with market risk and fees and taxable upon withdrawal.
- Fixed Index Annuities provide market gains without market risk.
An annuity is a financial vehicle that lets you put money away so you can have a guaranteed income, regular “paycheck” for the rest of your life. Annuities grow tax-deferred until they start paying you an income. You contribute to an annuity—either as a lump sum, or in several payments over time—in order to get regular payments in the future, and for the rest of your life. Some annuities come with less liquidity than other investments.
Meet with your Fidelity Mutual Financial Advisor to determine if an annuity is right for you.
More than one in three (36 percent) investors have an annuity within their investment portfolio. How can an annuity fit into your plan?
People used to rely on pensions= plans and social security benefits.
These days, with pension plans no longer common and questions concerning the future of social security benefits, an annuity can provide a guaranteed source of income in retirement.
An annuity can give you peace of mind that other types of investments cannot, because annuities cannot be outlived. They can cover gaps in your retirement income and give you the confidence to know that you’re more likely to stay financially independent in retirement and won’t become a burden to the people you love. There are many annuities to choose from depending on your goals, time frame, risk tolerance, and family situation. Annuities can be either immediate or deferred.
Who can benefit from annuities?
Annuities are great for anyone wanting to supplement or fund his or her retirement savings with an income stream that is guaranteed to last their lifetime.
Why Fidelity Mutual Financial?
Fidelity Mutual Financial is the second-largest independent advisory firm providing income annuities with participating insurance carriers in the U.S. Annuities are backed by the insurance carriers’ history of financial strength. The guarantees provided by an annuity contract give you the confidence and comfort you want to be sure that your money will be there when you need it most. Fidelity Mutual Financials’ insurance carriers have survived over 100 years, two world wars, the Great Depression and the Great Recession without ever missing a payment (or even coming close). Take the next step. Schedule an appointment to see how a Fidelity Mutual Financial Advisor can help you with annuities and determine if they can fit into your financial plan.
- All guarantees are backed by the claims-paying ability of the issuer.
- Withdrawals from annuities may be subject to ordinary income tax, a 10% IRS early withdrawal penalty if taken before age 59½, and contractual withdrawal charges.