Fixed Annuities
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Understanding the Financial Benefits of a Fixed Annuity
At ALEVO, we specialize in protecting the financial well-being of individuals, businesses, and families. One of the tools we often recommend for retirement income planning is a fixed annuity. But what makes fixed annuities a valuable addition to your financial strategy?
A fixed annuity is an insurance product that provides a guaranteed interest rate on your money to ensure a steady income stream during retirement. Unlike variable annuities, which fluctuate with market conditions, fixed annuities offer a level of stability and predictability.
Key Financial Benefits of Fixed Annuities:
Guaranteed Income Stream: Fixed annuities provide a reliable source of income, which can be tailored to last for a specific period or for the rest of your life.
Tax-Deferral: Any interest earned grows tax-deferred until you start making withdrawals, you are taxed only when you make a withdrawal.
Protection of Principal: Your annuity value is protected from market volatility, and helps ensure that your principal amount remains intact.
Steady Growth: With a fixed interest rate, you know exactly how much your investment will grow over time, aiding in precise income planning.
No IRS Contribution Limits: Unlike IRAs and 401(k)s, fixed annuities do not have annual contribution limits, allowing you to allocate more toward your retirement.
Flexible Payout Options: Choose from various payout plans that best suit your retirement needs, whether it’s lifetime income or payments over a fixed period.
Why Consider a Fixed Annuity with ALEVO?
At ALEVO, we specialize in helping protect financial well-being of individuals, businesses, and families. One of the tools we often recommend for when appropriate is a fixed annuity. But what makes fixed annuities a valuable addition to your financial strategy?
A fixed annuity is an insurance product that provides a guaranteed interest rate credited to your money and the opportunity to receive a steady income stream during retirement. Unlike variable annuities, in which your money can fluctuate with market conditions, fixed annuities offer a level of stability and predictability.
Final Thoughts
A fixed annuity can be a cornerstone of a robust retirement plan. At ALEVO, we’re committed to helping you navigate your retirement income planning with confidence and clarity.
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Contact us today to learn more about how a fixed annuity could benefit your retirement strategy.
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ALEVO Financial & Insurance Agency
ALEVO is an Insurance Firm that offers retirement income and protection strategies using life insurance and annuity products. Our licensed insurance professionals are independent and can offer a wide array of insurance products and services to help meet your unique needs.
CA insurance license #6002118.
We are not affiliated with any educational or government agency, and do not provide investment, tax or legal advice. Always consult with your own qualified investment and tax/legal advisors. Insurance and annuity products are not suitable for everyone. They involve fees and charges, including possible surrender penalties. Optional benefits and riders may involve additional annual cost. Life insurance involves medical and often financial underwriting to qualify. Life insurance loans and withdrawals will reduce policy death benefits and cash values and may cause the policy to lapse or require additional premiums to keep the policy in-force. Annuity withdrawals are subject to ordinary income taxes, and potentially a 10% IRS penalty before age 59-1/2. Product feature and availability may vary by state. Fixed indexed life insurance and annuities are not investments in the market or index. Long term care riders on insurance and annuity products are NOT a replacement for long term care. The interest credited on your contract may be affected by the performance of an external index. However, your contract does not directly participate in the index or any equity or fixed interest investments. You are not buying shares in an index. Interest credits are subject to limits set by the issuing company, such as caps, spreads and/or participation rates.
Guarantees are backed by the financial strength of the issuing company.
We offer insurance solution in the form of basic life insurance coverage to more complex retirement and business protection strategies for individuals as well as business.
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