Annuities

A retirement plan that grows with you.

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With an annuity plan through The Vlasak Group, you can protect and empower your retirement

Like many Texans of your standing, you have probably wondered whether or not your savings will last the life of your retirement. With an annuity contract, or simply annuity, you can better prepare for a long and joyous retirement by protecting what you have saved, accumulate more retirement money, or turn it into retirement income.

Depending on the type of annuity you select, you can enjoy benefits such as guaranteed lifetime income, tax-deferred growth, flexible withdrawals, downside protection, market participation, or beneficiary payments. The Vlasak Group exclusively works with the strongest, most well-capitalized insurance companies to offer peace of mind and security for your retirement.

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What is an annuity and why should I have one?

An annuity is an insurance product and financial vehicle that is designed to help you build your retirement savings beyond what you may already have. Annuities are self-funded; you can fund your annuity with either an upfront lump sum payment or regular monthly payments. There are no limits as to how much you can contribute to your annuity. Depending on the type of annuity you buy, you have options on how interest is accumulated. And best of all, your annuity interest accumulation can be tax-deferred.

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Never worry about outliving your savings.

As you approach retirement, you probably have concerns as to whether or not you have accumulated enough savings to last for the rest of your life. Buying an annuity can ensure that you never outlive your savings. The flexibility, growth potential, and tax benefits of an annuity makes it a popular option for Texans looking for more secure retirement.

What are the types of annuity contracts and which one is right for me?

There are generally five different types of annuity contracts. Each have their own benefits and advantages, depending on when you are retiring as well as how soon you would like to access the funds. The Vlasak Group will review each of these options in depth with you. As an overview:

Fixed annuities. A fixed annuity offers policyholders a guaranteed minimum payout and interest rate. These are not indexed to the stock market, thus protecting you from principal losses. The interest rate is set by the insurance company and depending on your contract, can be subject to annual adjustment or a multi-year guarantee. You can determine whether you receive payments for a number of years or a single lump payment. It is considered one of the safest types of annuity contracts.

Variable annuities. Unlike a fixed annuity, a variable annuity features an interest rate that is tied to the market. In a variable annuity contract, you choose how the principal is invested. Your annuity payouts will be determined by the performance of your chosen investment portfolio.

Indexed annuities. An indexed annuity can be considered a hybrid between fixed and variable annuities. Your contribution in these types of annuities are tied to market returns. There are guaranteed minimum payout options available. This is an option worth considering if you wish to balance security with expanded opportunities for accumulation.

Immediate annuities. Immediate annuities are a type of income annuity that allow you to receive payouts no later than a year after your initial contribution. These are single-premium annuities that you will fund with a large, one-time contribution.

Deferred annuities. Another common annuity option, these are income annuities in which you will wait a period of your choosing before receiving income. During the waiting, or accumulation, period, your money grows. You do not pay taxes on your funds. You have options to fund with a single contribution or through a series of payments.

How do I get started with an annuity?

The first step is to contact The Vlasak Group. We will discuss your financial goals, investment goals, and retirement plans, and see which annuity is right for you.

The Vlasak Group offers personalized, attentive service for our annuity clients. Moreover, we only select insurance providers who have a strong track record of backing annuities and following through with payments.

Contact The Vlasak Group or click here to get a quote.