Your individual goals and objectives will determine the best annuity for your needs.
Annuities can be purchased from banks, insurance companies, independent brokers, and other reputable financial organizations by people who want to invest in their financial future.
An annuity can be purchased at any age, but most people who purchase them are nearing retirement or those in their mid-career planning to retire and want to protect their assets. Annuities are designed to protect your money and provide future income when you need it most. It is important to choose a reputable provider for your annuity.
Each type of annuity is customizable to meet the buyer’s needs. Variations such as flexible premium and indexed annuities are available. While insurance companies must issue annuities, not all contracts can be sold directly to the public by the company’s agents.
Annuity providers could be banks, independent brokers, insurance companies, or other financial entities. Although there are many companies that sell annuities they cannot issue annuity contracts. Compare providers based upon your financial needs and search for reputable providers with high ratings. Look for providers that have up-to-date information about the best annuity rates available and any other products.
An annuity can be purchased directly from a reputable provider, but most annuity sales are made through an intermediary such as an independent agent, financial advisor, or broker.
When choosing which company to buy an annuity from, you may seek out independent advice. These experts are called independent fiduciaries. They will help you understand the annuity process and listen carefully to your goals before recommending which company to work with and which type of annuity to buy. This type of professional advice can be very valuable for someone new to the annuity industry. Independent fiduciaries are not salespeople or bank representatives and will always put your needs first.
RetireSharp Wealth Management, LLC is a registered investment adviser in the state of Florida. The adviser may transact business in states where it is appropriately registered, or where it is excluded or exempted from registration. Information presented is for educational purposes only and is not an offer or solicitation for the sale or purchase of any securities or investment advisory services. Investments involve risk and are not guaranteed. Be sure to consult with a qualified financial adviser or a tax professional before implementing any strategy discussed herein.
This information is designed to provide general information on the subjects covered, it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that Ifasi Financial and its affiliates do not give legal or tax advice. You are encouraged to consult your tax advisor or attorney.
Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Any comments regarding safe and secure investments, and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Fixed Insurance and Annuity product guarantees are subject to the claims‐paying ability of the issuing company and are not offered by RetireSharp Wealth Management, LLC.