If you are looking for a second income stream or you want a break from your taxes, you might want to look into getting a financial annuity plan up and running. It might appear complicated, but we can make this as easy for you as possible. We outline some facts about financial annuities so you can decide whether it is the right option for you.
Adams Insurance & Financial in Northwest Arkansas offers financial annuity options. Please don’t hesitate to get in touch to discuss options that work best for you and your lifestyle.
What is a financial annuity?
An annuity is a type of investment where you pay a larger sum of money that is paid out in installments like a regular type of income. People might want to do this as an investment opportunity as their money can become worth more over time. You can choose to receive fixed payments immediately after purchasing the annuity or you can wait to receive payments at a later date, for example, when you retire.
An annuity allows you to receive money right away.
There are two main types of annuity you can pick between. If you get a deferred annuity, this means you will be paid out at a later date, while in the case of an immediate annuity, you get access to your payments immediately.
An annuity can help with taxes.
Because an annuity is a type of insurance, you might qualify for some tax breaks or deductions. Therefore, a financial annuity can be a great way to get some relief from your taxes!
If you want to discuss financial annuities in more depth with us, you can call Adams Insurance & Financial in Northwest Arkansas or you can compare quotes via our website.
