| Long considered a CD alternative,
annuities have become very popular today.
Paying higher rates than CD's and deferring taxes,
many people on a fixed income find annuities are a better
option than locking up money in CD's or letting it warehouse
in a money market account.
Like a CD, you can place lump sums of money in annuities.
You must leave the money in the annuity for a period
of years, usually between 2 to 10 years.
The longer you leave the money in, the higher your
interest rate will be. Depending on the annuity purchased,
a yearly amount is allowed to be withdrawn without a
penalty. This amount is usually around 10%.
There are many annuity options, call us today at
1-800-803-0224 to discuss your needs. |
