Annuities

Annuities

Do you have enough saved for retirement?

Annuities offered can become an important part of your personal retirement plan.

What is an annuity?

An annuity is an investment vehicle offered by insurance companies. There are several different types of annuities but every annuity has two basic properties: whether the payout is immediate or deferred, and whether the returns are fixed (guaranteed) or variable.

Annuities with immediate payouts provide payments to the investor immediately after the annuity is purchased, while a deferred payout means that the investor will receive payments at a later date. An annuity with a fixed return offers a guaranteed return by investing in low-risk securities like government bonds, and is commonly known as a fixed annuity. An annuity with a variable return offers results that vary with the performance of the funds where the money is invested.

By investing in annuities you can give yourself the retirement you deserve. It is never too early to start planning for your retirement. Contact us online, or give us a call today at 973-305-4221 and let us help you get started.

Contact Us