Discover the Benefits of Tax-Deferred Growth with Annuities
Annuities are insurance contracts that promise to pay you regular income immediately or in the future.
A deferred annuity has an accumulation phase followed by a disbursement (annuitization) phase; an immediate annuity converts a lump sum into cash flows from day one.
You can buy an annuity with either a lump sum or a series of payments contributed over time.
Annuities come in three main varieties—fixed, variable, and indexed—each with its own level of risk and payout potential.
The income you receive from an annuity is typically taxed at regular income tax rates, not long-term capital gains rates, which are usually lower.