Fixed Annuities

Understanding Fixed Annuities

Fixed annuities are offered by insurance companies and typically come in two forms: immediate and deferred. With an immediate annuity, you make a lump sum payment to the insurer and receive periodic payments from them soon afterward. If you choose a deferred annuity, the money grows on a tax-deferred basis until you start taking out distributions at retirement age or later.

Though there are many benefits to using fixed annuities, there are drawbacks as well. Because you typically cannot access your money before the end of the term, it is important to make sure that it will last through retirement. Also, since these investments are tied to an insurance company and their investment portfolio, there is risk involved in investing in them.

Before making any decisions about fixed annuities, consumers should speak with a financial advisor or tax specialist who can help assess the individual’s needs and provide guidance on whether this type of investment is appropriate for their situation. With proper research and knowledge of the risks associated with fixed annuities, they can be excellent ways to supplement retirement income while helping to minimize risks from market volatility.

Assistance with Fixed Annuities

If you would like assistance setting up a fixed annuity, our team is standing by to lend a hand. We can answer any questions you may have and help you ensure your paperwork is planned and filed properly. For a free consult, call us or click on the quote button.


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Marietta, GA 30062

525 Clubhouse Dr. Ste 280
Peachtree City, GA 30269

267 Cleveland
St. Blairsville, GA 30512

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