Retirement Investments with Annuities for Sandy, UT

What Are Annuity Investments?

An annuity is a long-term investment purchased through an insurance company and paid into at regular intervals. Annuities are tax deferrable and generate growth over time. This prolonged growth means payout won’t happen until a set date well into the future, making them an excellent option for retirement investment portfolios. Additionally, investment annuities pay a steady income over time either annually, quarterly, monthly, or in a lump sum all at once. When you do buy an annuity, the initial purchase is the investment itself.

A well-thought-through retirement plan includes multiple sources of income. Multiple investments allow your income maximum growth as the market shifts. If you want to prepare for a stable financial future with more options and opportunities, turn to Ascend Investment Management. We will help you find better ways to diversify your investments with a managed annuities investment account and a better retirement portfolio.

Types of Annuities for Investment

An annuity is a long-term investment purchased through an insurance company and paid into at regular intervals. Annuities are tax deferrable and generate growth over time. This prolonged growth means payout won’t happen until a set date well into the future, making them an excellent option for retirement investment portfolios. Additionally, investment annuities pay a steady income over time either annually, quarterly, monthly, or in a lump sum all at once. When you do buy an annuity, the initial purchase is the investment itself.

A well-thought-through retirement plan includes multiple sources of income. Multiple investments allow your income maximum growth as the market shifts. If you want to prepare for a stable financial future with more options and opportunities, turn to Ascend Investment Management. We will help you find better ways to diversify your investments with a managed annuities investment account and a better retirement portfolio.

Types of Annuities for Investment

There are four main types of annuities and the experts from Ascend Investment Management can find those that will work best for your financial goals. We approach things in a consultative manner, so we have a better idea of your starting point as well as your future financial goals. We discuss your options and handle the purchase process once you’ve decided which retirement annuities investments will suit your goals best.

The four main types of annuities are:

• Deferred annuities – Money gets invested over time with a deferred annuity. With this type of annuity, your investment will grow until you are ready to withdraw from the principal—those who have the time to let the principal grow and mature benefit from a deferred annuity.
• Fixed annuities – Fixed annuities are great for people who want the security of receiving a predetermined amount as a return on their investment. You pay taxes when you withdraw your earnings or when your contract is annuitized for monthly payments. Regardless of how the market is doing, your payout will be the same month to month.
• Immediate annuities – As the name suggests, immediate annuities payout shortly after you’ve made your investment, which also means there’s a shorter growth period. An immediate annuity is suitable for someone who has a lump sum of money to invest without dividing up the principal. Because the growth period is shorter, an immediate annuity can be suitable for those getting ready for retirement who want to get payouts as quickly as possible.
• Variable annuities – If you want to pick and choose from a variety of investments, then a variable annuity allows you to do so. The performance of the investments you have selected determines the return. Any changes to the market can also affect what your payout will be. Even though variable annuities come with more risk, it also means a higher return is possible too.

Who Can Help Me With Investment Management?

If you live in Sandy, UT and you’re interested in investing in annuities to build a better financial future, then you can rely on Ascend Investment Management. Contact our office today at (801) 386-5311 to schedule an appointment.