We often hear the question, “Is an annuity right for me?” Clients take peace of mind knowing that we don’t sell annuities and therefore don’t receive commission for our advice regarding them. 

With that said, there are two basic types of annuities: fixed annuities and variable annuities. 

A fixed annuity is very simple to understand. The customer gets paid a guaranteed amount that does not fluctuate over a specific amount of time. It works very similarly to how a CD works, with a slightly higher interest-rate. With a fixed annuity, the default risk can be quite low. Often times they are guaranteed by the provider and the state. 

Variable annuities are much more complicated, and often times are misunderstood in the marketplace.

If you have an annuity and want objective, empirical advice, please contact us. We are happy to be a resource for you. We will work directly with the institution that made the annuity to help you understand the contractual agreement and how to make it best fit your needs.

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