Variable & Fixed Annuities for New York and New Jersey

Achieving financial security so that you’re able to live comfortably during your retirement depends on a variety of things such as: how well you plan and save while working, and how effectively you conserve your assets during retirement. There’s no denying that various financial annuities and variable annuities provide you with the tools needed to make sure you’ll be taken care of fiscally.

Besides taking care of yourself financially, annuities are worth looking into as a means of protection from creditors, an investment option, a benefit to your heirs, a tax deferral, and tax-free transfers among investment options.

When making the choice to secure financial annuities or variable annuities you are embarking upon an agreement between you and your carrier under which the insurance company pays you money for a stipulated period, often for life.

Although the idea of an annuity is simple, it’s also a very old concept, which has resulted in many variables and categories. Some types can be classified in more than one category. The different types annuities and annuity insurance can be broken down into:

• Fixed - Fixed guarantees a minimum interest rate while your annuity accumulates and also guarantees equal check amounts when you withdraw from the annuity.
• Deferred or Immediate - If you want to save for a long-term goal (i.e., retirement) and have no immediate need for the money, you should consider a Deferred Annuity but remember if you choose deferred, there are penalties and fees for early withdrawal. If you’ve reached retirement or are nearly there, you may want to go with an Immediate Annuity, which guarantees a steady income for the rest of your life, or for a pre-determined time period.

Be sure to ask us at Tarpey Group about further options and other types of annuities, including:

• Fixed Period, Fixed Amount, or Lifetime
• Qualified or Non-Qualified
• Single or Flexible Premium

Fill out our free annuities insurance quote form and contact us today – we’d love to provide you with more information regarding financial annuities, variable annuities and so much more! At Tarpey Group we truly strive to give you peace of mind and help you rest easier!