Annuity Investments
Working with Cornerstone Wealth Management can help you understand the features, benefits & intricacies of annuities.
There are several kinds of annuities in which you can invest. Knowing the types that can address your financial goals and can help you work toward a robust portfolio for your wealth management. The team with Cornerstone Wealth Management in Las Vegas will explain the options for you and take care of the purchase of the annuities on which you decide.
Annuities are products of the insurance industry. Guarantees are subject to the claims-paying ability of the insurance company and surrender charges may apply if money is withdrawn before the end of the contract.
Types of Annuities that may best match your financial goals
Deferred Annuities
Designed for the accumulation of money over time
Immediate Annuities
May be fitting for an investor who has a lump sum they want to generate income from immediately
Fixed Annuities
Tailored for individuals wanting a guaranteed rate of return without risking the principal
Variable Annuities
Provide the ability to select from a variety of investments in the separate accounts within the annuity
Did you know?
Annuities can offer guaranteed income for life, providing financial security in retirement.
Annuities
FREQUENTLY ASKED QUESTIONS
What is an annuity, and how does it work?
An annuity is a contract between an insurance company and the investor that is designed for long term investing that can offer tax-deferral on any growth and a death benefit for your loved ones in the accumulation phase. In the distribution phase the insurance company promises to make periodic payments to you, the investor, depending on how the contract is structured. You can purchase an annuity with a number of payments/premiums or a one time payment.
What are the different kinds of annuities?
Annuities come in various types, including immediate (providing instant income), deferred (income starts later), fixed (with guaranteed interest rates), variable (linked to investments), and indexed (tied to market indexes). At Cornerstone Wealth Management, we can craft a plan that works for your unique needs and goals.
Are annuities suitable for retirement planning?
The guarantees of an annuity contract depend on the issuing company’s claims-paying ability. Annuities have contract limitations, fees, and charges, including account and administrative fees, underlying investment management fees, mortality and expense fees, and charges for optional benefits. Most annuities have surrender fees that are usually highest if you take out the money in the initial years of the annuity contact. Withdrawals and income payments are taxed as ordinary income. If a withdrawal is made prior to age 59½, a 10% federal income tax penalty may apply (unless an exception applies). Annuities are not guaranteed by the FDIC or any other government agency.
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