Annuities Query Northeast Jefferson, CO
Reader’s Question:
I own my small business in Northeast Jefferson, CO. At times, we have struggled, but we seem to have turned the corner. I am now positioned to plan a retirement and sock away some money. My accountant suggested a deferred annuity. What’s that all about?”
Marcos
Northeast Jefferson, CO
Nice going, Marcos!
Sounds like you are being rewarded for your hard work. If you have a 401 (k) program or a Keogh account, you know that they will contribute to your retirement. You also know that the amount you can contribute is regulated. Deferred annuities do not have those limitations. Many small business owners in Northeast Jefferson, CO build their business first and begin to save later in life. Deferred annuity accounts are well-suited for late savers. This program can be tailored to provide tax-deferred income in your retirement.
Deferred annuities can be structured so that you cannot outlive the investment. Income keeps coming. Typically, deferred annuities are purchased by clients between the ages of 40 and 65. So, Marcos, it is not too late to get started.
While deferred annuities broaden your investment scope, they also provide a death benefit to assist your loved ones. Contact a Florida insurance agent to get all the details, but it sounds like your accountant has put you on the right track.
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