Those who wish to have a secure financial situation when they reach the age of retirement need a retirement annuity. It should be an important factor in any family’s retirement planning, regardless of age or financial circumstance. With federal and employee-provided benefits constantly changing, it can be difficult to plan for your retirement income. However, a retirement annuity with Mark provides you with guaranteed income that you cannot outlive.
What is a Retirement Annuity?
An annuity is a type of insurance that pays a regular income stream after a specified amount of time. Through an annuity, you make contributions which help determine the amount of income you receive. A retirement annuity is an annuity used as part of a retirement strategy. It can provide you with the income you need during retirement, when you are no longer receiving a regular paycheck.
Who Needs Retirement Annuities?
What Retirement Annuity Options Do I Have with Mark Deaton?
Single Premium Annuity – With a Single Premium Annuity, a single, lump-sum payment is made. This payment accrues interest until you choose to begin withdrawing.
Flexible Premium Annuity – A Flexible Premium Annuity allows you to make premium payments on a regular or irregular basis. Electronic Transfer of Funds (EFT) is encouraged with a flexible premium annuity, with the frequency of payments determined by you. Additionally, this option allows you to decide your own payment schedule.
Single Premium Immediate Annuity – This option is purchased with a single payment and begins to pay out immediately.
Non-Qualified Annuity – This type of annuity is not used to fund a tax-advantaged retirement plan or IRA.
Traditional Individual Retirement Annuity – This plan is allows for an individual retirement savings account with tax benefits.
Roth Individual Retirement Annuity – A Roth Individual Retirement Annuity allows your earnings to be tax-deferred, while your premium payments are not tax-deductible.
Why Choose Mark Deaton For Retirement Annuities?
Mark’s retirement annuities give you a variety of payment and plan types to choose from to determine the nature of the annuity. Once your annuity is established, the money within it continues to earn value before eventually disbursing based on your chosen options. Additionally, your retirement annuity with Mark comes with two key, beneficial guarantees. Your retirement annuity principal is guaranteed and will not lose value, regardless of company results or market conditions. Additionally, your retirement annuity provides you with a guaranteed minimum interest rate. Your annuity is guaranteed to never earn less than contractually stated on an annual basis, regardless of any market fluctuations. A retirement annuity with Mark is the easy and efficient way to ensure that you will have the income you need during retirement.