Annuities offer several benefits for investors, including tax-deferred retirement savings, fixed or variable income for retirement and investment flexibility. However, annuities aren't suitable for every investor. Your ROGO Capital financial consultant can help you decide if investing in annuities would benefit your unique situation.
Fixed Annuities provide income payments in fixed amounts, which can help you pay fixed expenses during retirement. The payments are determined by the annuity contract.
Variable Annuities are long-term investment vehicles that provide income that can vary from payment to payment based on the performance of the underlying investments. They're designed to help offset the effects of inflation. Your investment, when redeemed, may be worth more or less than the original cost. Withdrawals prior to age 59 1/2 are fully taxable and may be subject to a 10% IRS penalty.
(Please note: All guarantees of payment for annuities are based on the claims-paying ability of the issuing insurance company.)