Fixed Annuities Coverage
What Is a Fixed Annuity?
A fixed annuity is a long-term financial product that can play a key role in your retirement planning strategy. It is a contract between you and an insurance company that guarantees a steady stream of income in exchange for one or more premium payments. Fixed annuities offer predictable returns, tax-deferred growth, and the option for lifetime payments. They also include a guaranteed death benefit for your beneficiaries. All guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company.
Who Should Consider a Fixed Annuity?
Fixed annuities are ideal for individuals looking for a secure, low-risk way to grow retirement savings while deferring taxes on their earnings. You might consider this option if:
- You’re in a higher tax bracket and want to delay taxes on additional income.
- You’ve already maxed out contributions to IRAs or 401(k)s and want to save more for retirement.
- You desire a reliable income stream that can last for a specific period—or even the rest of your life.
How It Works
When you invest in a fixed annuity, you make an initial payment (or a series of payments) to the insurance company. In return, the company provides you with guaranteed income—either in one lump sum or in scheduled payments, typically during your retirement years. At Kimberley Vassal Coe & Weimer Insurance Services (KVCW), we can help you explore annuity options that align with your goals and risk tolerance, so you can retire with confidence and financial peace of mind.
