Annuities/Investment

An annuity is basically a contract between you and an insurance company designed to provide an income that is guaranteed for the rest of your life. Annuities are complex and they come in several different shapes and sizes, but when you boil it down, they’re an insurance product. You’re paying the insurance company to take on the risk of you outliving your retirement savings.

Both Fixed and Variable Annuities are insurance products and are designed for long-term retirement income. Annuities are not intended to replace emergency funds or to fund short-term savings goal. Earnings are taxed as ordinary income when withdrawn. There may be a 10% federal tax penalty on withdrawals before age 59½. Naturally, your death benefit and the cash value of the annuity contract will be reduced if you take any early withdrawals.

All Guarantees are subject to the claims paying ability of the issuing insurance company.

Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separatley owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. First Resource Group is not affiliated with Osaic Wealth. Osaic Wealth does not provide tax or legal advice. Insurance products and services offered through [name of entity that offers insurance].

This site is published for residents of the United States and is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or product that may be referenced herein. Persons mentioned on this website may only offer services and transact business and/or respond to inquiries in states or jurisdictions in which they have been properly registered or are exempt from registration. Not all products and services referenced on this site are available in every state, jurisdiction or from every person listed.