What You Need To Know About Annuities In Frisco, TX
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Retirement looms in the future for everyone--for some, it’s closer than others--and many people are turning to annuities in Frisco, TX for the future of their financial security. There are many investment options on the table, and even within the field of annuities themselves, you have to be careful where you invest your money.

What are Annuities?

For all practical purposes, an annuity entitles the owner to a yearly sum of money, usually during retirement. The amount of that sum depends on the amount the owner invests into the annuity. Some annuities are referred to as “immediate” annuities, and others are “deferred.” What’s the difference?

Immediate Annuities

Immediate annuities, generally speaking, benefit people on the verge of retirement. The investor puts money in an annuity, and the annuity starts making payments in a relatively brief amount of time. As Fidelity puts it, “[immediate annuities] may allow you to be more aggressive with other investments in your portfolio, since they provide a lifetime income stream.” Immediate annuities can be a great way to solidify a reliable income for life.

Deferred Annuities

The money in deferred annuities remains safely tax-free until withdrawn, a factor that makes them an attractive choice for investors looking into the future. Once someone has reached the contribution limit to his 401k, he can start investing in a deferred annuity, which has no limit.

It’s important to remember that money paid out of an annuity is considered taxable income, and withdrawing early can result in a 10% penalty from the IRS.

Fixed vs. Variable

Both deferred and immediate annuities in Frisco, TX fall under either the “fixed” or “variable” category. Simply put, fixed annuities remain static (like a CD), and variable annuities fluctuate with the market.

Investors looking for a stable, risk-free payout during retirement will most likely choose the fixed option, even though the rate won’t adjust to meet inflation or grow in any way. Variable annuities have the potential to grow, but they may also follow the market in a recession. Payments don’t necessarily remain the same each year, depending on the market.

Call Jason Graziani for Help with Annuities in Frisco, TX

Be aware that you don’t have to look for annuities in Frisco, TX on your own. The real key to finding the best investment plan for your future lies with experts. Call (972) 992-1920 to consult with Jason Graziani, one of DFW’s leading financial advisers, and get the peace of mind that comes with relying on a true financial expert.


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