Retirement Investments with Annuities for South Jordan, UT
Ascend Investment Management specializes in a full range of investment services and financial advisory services.
Even if retirement might not be for a while, you should still do everything you can to plan for your future. Getting yourself prepared is always a good idea. With more preparation, the more you can take advantage of a retirement plan. Annuities are great investment options. With Ascend Investment Management, our financial advisors can help you with them.
Ascend Investment Management is a local financial planning firm that specializes in a variety of services throughout the Wasatch Front, including South Jordan, UT. We know how important it is for you to get sound investment advice. This is why we take our time to explain things clearly with each and every annuity option. We want to find you the best annuities for investment. Everyone has different goals, and that is why a professional financial advisor is important.
How Are Annuities Used for Investment?
Annuities are bought through an insurance company and are tax deferrable. They are an excellent solution when it comes to building your retirement portfolio. The reason why is that they’ll pay a steady income over time. When you do buy an annuity, the initial purchase is the investment itself. Because annuities are products that generate growth over time, payouts normally won’t happen until a future date. The income that you get out of annuities can be paid out annually, quarterly, monthly, or in a lump sum all at once.
When you’re creating a retirement plan in South Jordan, UT, it’s a wise decision to not be completely dependent on only one source of income. Having income from more than one source is one of the greatest ways to help your income grow as the market shifts. Ascend Investment Management can help you find better ways to diversify your investments with a managed annuities investment account and a better retirement portfolio. If you want to prepare for a better, stable financial future in South Jordan, UT, then we can help.
Types of Annuities for Investment
When it comes to annuities, there are four main types, and the experts from Ascend Investment Management can help you find the right one that will work best for your financial goals. As financial professionals, we approach things in a consultative manner, so that we can better understand where your beginning point is and where you’d like to be with your financial endeavors in the future. We’ll talk about your options and handle the purchase process once you’ve decided which annuities will suit your goals best. We’re here to help you make smart investments for your future.
The four main types of annuities are:
- Deferred annuities – Money gets invested over a period of time with a deferred annuity. With this type of annuity your investment will grow until you are ready to withdraw from the principal. Who can benefit from a deferred annuity? Anyone who has the time to let the principal grow and mature can benefit from a deferred annuity.
- Fixed annuities – A more secure option would be a fixed annuity. Fixed annuities are great for people who want the security of receiving a predetermined amount as a return on their investment. Taxes will have to be paid when you withdraw your earnings or when your contract is annuitized for monthly payments. Regardless of how the market is doing at the time, your payout will be the same month to month.
- Immediate annuities – As the name suggests, immediate annuities pay out shortly after you’ve made your investment, which also means there’s a shorter growth period. Why would you get an immediate annuity? An immediate annuity could be good for someone who has a lump sum of money they want to invest without dividing up the principal. Because the growth period is shorter, an immediate annuity can be good for those getting ready for retirement who want to get payouts as quickly as possible.
- Variable annuities – If you want to be able to pick and choose from a variety of investments, then a variable annuity allows you to do so. The returns you get will be based on the performance of the investments you have selected. 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?
Ascend Investment Management is available to provide residents throughout South Jordan, UT, with sound financial advice. Our number one priority is to help you build a solid portfolio for your retirement. We are a local investment firm, and we understand what it takes to provide for your family and to retire in South Jordan. If you’re interested in investing in annuities to build a better financial future, then you can count on Ascend Investment Management. Give us a call today at (801) 386-5311 to schedule an appointment.