
Annuities vs. Other Investments
Once purchased from an insurance company, your annuity will provide you guaranteed income for life. There are many choices when deciding on an annuity, though. A few facts to keep in mind:
- You can purchase annuities that offer immediate or deferred payments, depending on your retirement needs.
- You can also choose to have an annuity payout for a specified time period, instead of the rest of your life.
- Annuities can be fixed or variable.
- A fixed annuity will pay you regular payments.
- Variable annuities will pay you higher payments if your annuity investments rise.
- Conversely, variable annuities will also pay you less if your investments fall.

Types of Annuities
Fixed Annuity
Variable Annuity
Immediate Annuity
Deferred Annuity
- Fees charged by the insurance company
- Fees charged by securities and equities your annuity holds
- Surrender fees
- Tax deferred growth
- Your personal longevity

Determining Whether Annuities are Right for You
- Fees associated with your annuity
- A monthly amount you need to live
- Whether you own a business
- Your retirement portfolio diversification
- Whether you want a beneficiary to receive income after your death
- Potential inflation

Partner with a Tax Advisor and Start Planning for Retirement
Understanding the nuances with a retirement annuity and deciding which option is best for you can create confusion and uncertainty. It’s an important decision and you deserve clear answers to help you make the informed and educated choices that will help you maximize your lifetime income.
Working with an experienced tax advisor can get you the clear guidance and understanding you need. If you’re looking for answers to your annuity-related questions, contact Silver Tax Group today. Our tax advisors are ready to help you see the bigger picture of how an annuity fits into your overall investment plan and estate plan.
Give our team a call to speak with an expert about your overall investment strategy or for tax planning advice to minimize your future tax burden on potential retirement taxes.