Annuity Investments in Las Vegas, NV
Annuities are an investment option for retirement. Cornerstone Wealth Management in Las Vegas, NV has an established investment team who will explain annuity options for you. As you plan for retirement or look for ways to diversify your wealth, annuities are an option that you should consider. Let our team help you prepare for a structured and stable financial future.
What is an Annuity?
Annuities are long-term growth product that is tax-deferrable and purchased through an insurance company. An annuity pays out a steady income over time and is an excellent strategy as you start to plan for your retirement. Your initial purchase of the annuity is the investment. Because it is a long-term growth investment, you will not typically receive any payouts or credits back until a future date, or series of times.
The income from annuities can be paid out in a lump sum, annually, quarterly or monthly. The amount of your income is determined by a variety of factors such as the type of annuity you purchased, the amount you initially invested in it, and the duration of time it has been allowed to grow. Working with Cornerstone Wealth Management guarantees you have a team of professionals working for you.
Types of Annuities
There are several kinds of annuities in which you can invest. Knowing the types that will work best for your financial plans will ensure you have a robust portfolio for your wealth management. The team with Cornerstone Wealth Management in Las Vegas will explain the best options for you and take care of the purchase of the annuities on which you decide.
A deferred annuity will accumulate money over time. The investment grows until you are ready to withdraw against the principal, usually in retirement. Deferred annuities are an excellent option for investing if you have time to let the principal grow and season. Allow the wealth strategists with Cornerstone in Las Vegas to explain your options.
Immediate annuities payout soon after your investment. This annuity is one that may be fitting for an investor who has a lump sum they want to invest and not divide up the principal. Immediate annuities begin to pay out shortly after the initial investment is made. Because of this, they are a better option for individuals who are close to retirement age and want to receive payments soon after investing.
Fixed and Variable Annuities
Within the categories of deferred and immediate annuities you have the option for either fixed or variable. Cornerstone Wealth Management in Las Vegas will help you decide which annuity is best to invest in depending on your long-term and short-term financial goals.
Fixed annuities are best for individuals wanting a guaranteed rate of return without risking the principal. Taxes are paid when the earning are withdrawn or when the contract is annuitized for monthly payments. Regardless of how the market performs, your payout is the same every time.
Variable annuities provide the ability to select from a variety of investments. You receive payout amounts that are determined by the overall performance of the investments you purchased. Fluctuations in the market will determine what your payout will be.
Wealth Management Specialists
Cornerstone Wealth Management proudly offers sound financial planning advice for residents of the Las Vegas, NV area. Helping you build a sound financial future with a robust and well-rounded portfolio is our number one goal. Our wealth management team looks for sound, impartial and usable data that is compared with all current market trends so that you have the best information available. In Las Vegas, Cornerstone Wealth Management is your annuity investment specialists. We can be reached at (702) 878-4742.