When it comes to investing, there are a host of different ways you can put your money to work to achieve your financial goals. At Burr Capital Advisors, we are here to educate you on the different ways you can invest your money and help you create the best plan of action to drive results for your portfolio. One way that you can work to grow your portfolio is through various annuities. Here are a few benefits that come along with choosing this type of investment
Tax Deferrals - Annuities are a great investment option for several reasons, one of which is the fact that you won’t have to pay income taxes on the earnings of your annuity investment until you decide to withdraw the payments or start to receive periodic payments.
Choice Of Investments - There are several different types of annuity investments, including immediate, fixed, and variable annuities. All of which have different benefits and returns.
Unlimited Contributions - No matter your income level or how many sources of income you have, you generally are allowed to put any amount of after-tax money into your annuity investment.
Lifetime Benefits - Generally speaking, you will have many different options when it comes to receiving annuity payments for the rest of your life. This helps to set you and your family up for financial security down the road.
Simply put, an annuity is basically an insurance contact. What this means is you will pay a set amount of money over time in exchange for a lump-sum payment in the future. Depending on the type of annuity that you invest in will determine what kind of payouts you will receive from that particular annuity. Now, you might be wondering how annuities work. An annuity is a long-term investment that is usually issued by an insurance company. They are designed to protect you from the risk of outliving your income by providing you with payments over time.
There are a variety of different types of annuities; immediate annuity, fixed annuity, and variable annuity. Below, we will provide a brief overview of each type of annuity.
If you’re interested in investing in annuities to grow your portfolio, our expert advisors at Burr Capital Advisors are here to help guide you and provide you the resources you need to achieve your financial goals. At the end of the day, we are here to help you ensure financial stability for you and your family. To learn more, contact us today.