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There can be a lot of confusion when it comes to annuities. At Legacy Finance, we only offer our clients annuity products that are a suitable fit for their overall portfolio. An annuity is a type of insurance policy that can have various guarantees depending on your needs. The benefits of annuity products include decreasing risk, reducing fees, and further diversifying your portfolio.
Are you concerned about running out of money in retirement?
What guarantees do you have in your portfolio?
Is your portfolio protected in a recession?
How tax efficient is your portfolio?
Annuities can provide various guarantees.
These guarantees include lifetime income, a set interest rate, protection against losses and tax deferral.
Offer a lifelong income stream, providing financial security akin to social security or a pension
Ensure a set interest rate for a specified period, similar to a Certificate of Deposit (CD)
Enable market participation with safeguards against losses and a limit on potential gains
Offer market involvement while also presenting tax-deferral benefits
Annuities are generally considered long-term investments. It is intended for a person who has sufficient cash or other liquid assets for living expenses and other unexpected emergencies, such as medical expenses. A fixed indexed annuity is not a registered security or stock market investment and does not participate directly in any stock or equity investment or index. Annuities are not deposits of or guaranteed by any bank and are not insured by the FDIC or any other agency of the US. All guarantees are solely backed by the financial strength and claims paying ability of the issuing insurance company