Annuities can be a tax advantaged alternative for those who have already contributed the maximum to IRA and employer sponsored retirement plans.
They feature a guaranteed minimum interest rate and flexible funding to meet your personal needs.
A number of features make annuities attractive for retirement savings:
- your money and earnings are tax deferred until withdrawn from the fund.
- the ability to transfer money tax-free should your investment objectives change
- payout choices at retirement include a lump sum or a monthly income guaranteed for a certain term or life
- a guaranteed death benefit means that your beneficiaries will receive, at a minimum, no less than your original purchase payment(s)
Fixed annuities guarantee a certain payment amount, while variable annuities do not, but do have the potential for greater returns. Suncoast Trust and Investments offers a variety of annuity products underwritten by some of the most reputable Insurance companies.
There are three main types of annuities we offer:
To find out if you can benefit from an annuity and what products best meet your needs, contact us online for a complimentary consultation, contact a specific Financial Representative, or call 1-866-300-9382.