IRAs, ROTH,  Annuities, Rollovers, Life Insurance

We specialize in the small investor. We don't care if you have $1000 or $500,000...we will be happy to assist you. Where some outfits may find you to be "small potatoes", and may not be so willing to work with you; we will be happy to work with you.  

We can help you establish an IRA or do an IRA Rollover...but first...or course we will want review your situation, tax benefits, etc. 

We are NOT gonna lie, we DO like annuities for saving for retirement.  We like the safety and guarantees they present in an uncertain environment.  We want you to be able to sleep at night, and WE WANT to be able to know your protected.   

Why do people buy annuities?

People typically buy annuities to help manage their income in retirement. Annuities provide three things:

  • If you Annuitize you can receive Periodic payments for a specific amount of time. This may be for the rest of your life, or the life of your spouse or another person.

  • Death benefits. If you die before you start receiving payments, the person you name as your beneficiary receives a specific payment.  The annuity goes directly to the beneficiaries with NO PROBATE.  

  • Tax-deferred growth. You pay no taxes on the income and investment gains from your annuity until you withdraw the money.  Makes for a great way to save towards retirement. 

What kinds of annuities are there?

There are three basic types of annuities, fixed, variable and indexed. Here is how they work:

  • Fixed annuity.  Like a bank CD,  the insurance company promises you a minimum rate of interest on a fixed amount of time. Fixed annuities are regulated by state insurance commissioners. Please check with your state insurance commission about the risks and benefits of fixed annuities and to confirm that your insurance broker is registered to sell insurance in your state. WE like these when you can get a decent interest rate.

  • Variable annuity. The insurance company allows you to direct your annuity payments to different investment options, usually mutual funds. Your payout will vary depending on how much you put in, the rate of return on your investments, and expenses. The SEC regulates variable annuities.  Due to the higher costs associated with these, we don't like these and WE DO NOT offer these. 

  • Indexed annuity. This annuity combines features of securities and insurance products. The insurance company credits you with a return that is based on a stock market index, such as the Standard & Poor’s 500 Index. Indexed annuities are regulated by state insurance commissioners. In this choppy environment we tend to favor this type of annuity.