Fixed Life Annuities:
Providing a Steady Income for Life
Fixed Life Annuities: The Basics
A fixed life annuity is another way you can set up your retirement to ensure you have an income for as long as you live. Basically, you deposit money into an interest-bearing account and receive fixed payments on that money until you pass away. Fixed life annuities can be great rollover tools. Of course, there are many ways to customize fixed life annuities as well.
Options Available With Fixed Life Annuities
As an annuity, you have many options for customizing your fixed life annuity. You can change the way you accumulate earnings on your account, you can share it with your spouse (the joint annuity), set a specific period for your payments and much more. To find out the best options for fixed life annuities, please seek professional guidance.
Taxes and Fixed Life Annuities
If your fixed life annuity was arranged well, your tax obligations should be minimal. Our clients usually only need to pay taxes for interest earned on the money paid into the annuity account. Since there are so many variables to tax laws, please contact one of our professional advisors for more information on this matter. Call us today at 866-866-0242. The advice is free, and potential value: priceless.
Managing Your Own Fixed Life Annuity
Although it is possible to manage your own fixed life annuity, we do not recommend this practice. You will be much happier with the results of your financial planning by having someone working to manage your retirement on a daily basis. If you have any questions about managing your retirement or about fixed life annuities, please contact us online or call us today. The advice is free, and the security gained priceless.
Get up to 8% Return with our
Forethought Bonus Advantage Annuity!
Perfect for the "over 55" generation!