Guarantees are important when it comes to our retirement and financial planning. Annuities are a financial tool that can provide you with the safety and security that you need. Annuities provide several benefits such as:
- Growth- Only positive returns
- Safety- Never lose another dollar to market losses
- Liquidity- Access to funds for emergencies
- Income- Guaranteed Income for Life, inflated by a 7% Guaranteed Annual Increase
- Estate- Beneficiaries receive assets, free of probate.
To many, these facts sound too good to be true. You may have even heard negative things about annuities from others. How can you rest assured with an annuity from Wealth Guardian Financial?
Getting an Annuity from Wealth Guardian Financial
There are several reasons why you can trust Wealth Guardian Financial to help you shop for an annuity. The first being that you will work with a Certified Financial Planner®, not just an insurance agent. A CFP® has the ethical responsibility to put your interests first. We will only make suggestions that are beneficial to you and support your financial wellbeing. We also understand how annuities work with all aspects of your finances including taxes and estate planning. This helps us to make educated and unbiased suggestions.
Second, we only offer fixed annuities. These annuities are safe investments with guaranteed rates of return. You fund a fixed annuity with a lump sum of money. This lump sum will earn a guaranteed interest rate each year. This amount grows tax-deferred and does not carry any market risk. This means that if the market goes down, you will continue to earn the guaranteed interest rate. This is opposed to a variable annuity, the volatile counterpart that tends to give annuities a bad name.
The third reason you can trust an annuity from Wealth Guardian Financial is that we only partner with insurance companies that are considered the best of the best. When you get an annuity from us you know you are getting a high-quality product that you can trust.
Mistakes to Avoid When Buying an Annuity There are at least five common mistakes to avoid when buying an annuity. Annuities can be great financial planning and retirement planning tools. But not all annuities are created equal. This article is going to outline these fives mistakes so you can purchase the right contract for your situation. 1. Not Learning the Terminology The best way to avoid making a mistake is to understand the basic [...]
Shopping for an Annuity Shopping for an annuity may seem like an overwhelming and confusing task. But if you ask the right questions you can find an annuity that is right for you. In this article, we will go over the questions you should be asking and what type of answers you want to look for. 1. What Purpose Does This Annuity Serve Me? The purpose an annuity serves and the type of annuity [...]
Variable Annuities Variable annuities are a type of investment that is sold by insurance companies. They offer tax-deferred growth and the potential for an income stream during retirement. In this article, we will go over exactly what variable annuities are, how they work, as well as their advantages and disadvantages. A Brief Explanation Variable annuities are entered into as a contract between you and an insurance company. It is an investment account and an [...]
Annuity Myths Debunked Annuities are an often-misunderstood investment option. They can be complex, and offer many different features, which scares some away from utilizing them. In this article, we will go over common annuity myths and debunk them. Myth 1: All Annuities Are the Same Annuities have a large range of options. There are several different categories and subcategories. Such as immediate and deferred annuities. As well as fixed and variable annuities. You [...]
Annuity Riders Annuity riders are amendments to your annuity insurance policy. These riders can help to expand your policies benefits. In this article, we will go over several of the most common annuity riders and what they can do for your coverage. Long-Term Care Rider Typically, long-term care riders can be added onto fixed deferred annuities. They do not provide you with long-term care coverage. But if you ever need long-term care, either in [...]
What Is an Annuity? An annuity is an insurance-based product that is a powerful retirement planning tool. Typically, you fund an annuity with a lump sum and promise not to touch that sum for a set amount of time. In return for this, the insurance company provides you with a guaranteed interest rate and a lifetime of income. If you want to learn more about how annuities work, you can click here. In this [...]