Annuities

Annuity Investments for Residents of the Wasatch Front

Retirement may be the last thing on your mind or feel it’s a long way off. However, the sooner you start planning for it, the more prepared you’re likely to be able to take advantage of a well-established retirement plan. Annuities are one of many investment options for retirement that Ascend Investment Management can help you with. We are a local financial advisory firm with an established investment team ready to help you start saving smartly for retirement. At Ascend, we take the time to explain the different annuity options and help select the best ones to help build your retirement portfolio.

What is an Annuity?

Annuities are a tax-deferrable, long-term growth product that is purchased through an insurance company. Annuities pay out a steady income over time and may be an option to consider for your retirement plan. The initial purchase of an annuity is the financial investment and because it is a long-term growth investment, in most cases payouts do not occur until a future series of dates. The income from annuities can be set up to distribute funds annually, quarterly, monthly or be paid out in a lump sum. The amount of your income from the annuity is determined by several factors from the type of annuity you purchased, your initial investment amount, as well as the duration of time it has been allowed to mature. Rather than being reliant on one source of income for retirement, a portfolio including income from several sources helps with assurance that as the market and economy shifts, your savings can continue to work for you. As you plan for retirement, Ascend Investment Management helps identify ways to diversify your investments for a well-rounded portfolio, and annuities are an option that you may consider. Let our team in the Salt Lake Valley help you prepare for a structured and stable financial future.

What Types of Annuities are Available?

There are a variety of annuities available for retirement investing. The team with Ascend Investment Management has the experience necessary to identify what will work best for you, no matter your retirement and wealth goals. Our consultative approach ensures we have a deep understanding of where you are starting from and what your long-term plan is, then create an investment strategy to help get you there. The team with Ascend Investment Management in Salt Lake City will explain the options for you and take care of the purchase process of the annuities on which you decide. Our experience can help direct you to the options available for a wise investment.

Deferred Annuities

Deferred annuities accumulate money over time and the investment grows until you are ready to withdraw against the principal. Deferred annuities are an excellent investment option when you have time to let the principal purchase amount grow mature. Because the investment experts at Ascend have extensive knowledge about the many kinds of deferred annuities that will work best for your financial plans, we will make recommendations to build a robust portfolio for your wealth management.

Immediate Annuities

Immediate annuities have a shorter growth period and payout soon after your investment. An immediate annuity is one that is a good option for any investor with a lump sum of money they want to invest without dividing up the principal. An immediate annuity begins to pay out shortly after the initial investment. Because of a shorter maturity period, they are a better option for individuals who are close to retirement age and want to receive payments soon after investing.

Fixed and Variable Annuities

Within the categories of deferred annuities and immediate annuities you have the option of either fixed or variable. Ascend Investment Management services the Wasatch Front and helps our clients decide which annuity is best to invest in depending on both their short-term needs and long-term financial goals. Planning for retirement should not be put off for a later date, and our dedicated team of wealth strategists are eager to show you how a little savings now can have lasting results.

What is a Variable Annuity?

Variable annuities have the option to select from a variety of investments. The returns on the investment you receive are determined by the overall performance of the investments you select. Changes and shifts in the market can affect what the payout will be. Although there is more risk with a variable annuity, there is also the opportunity to have higher returns compared to fixed annuities.

What is a Fixed Annuity?

Fixed annuities provide a set rate of return without risking any of the principal. Fixed annuities may a good choice for an individual who prefers to receive a predetermined amount of money as a return on the investment. Taxes are paid when the earnings are withdrawn or when the contract is annuitized for monthly payments. No matter how the market performs, your payout benefit is the same month over month.

Who in the Salt Lake Valley can Help Me Plan for Retirement?

Ascend Investment Management proudly provides sound financial planning advice for residents of the Salt Lake Valley. Our top priority is to help our clients along the Wasatch Front build a sound financial future with a robust and well-rounded portfolio. We are a local investment firm, and know what it takes to live, provide for a family and retire in Utah. Our wealth management team identifies sound, impartial and usable information that is compared with current market trends so that you have relevant data available to make a decision. Ascend Investment Management is your annuity investment specialist.