The first of America’s Baby Boomer generation officially reached age 65 in January 2011, marking the onset of a wave of retirees in need of competent advice and guidance in ensuring their income sources last throughout a potential 20 years or more in retirement. This has increased the importance for us to develop viable solutions for reliable, lifetime income streams designed to outpace the ravages of inflation and rising healthcare costs, and meet longevity expectations.
For many investors, annuities can play a role in helping them to meet important objectives for generating a reliable income stream in retirement or realizing tax-advantaged savings opportunities in the retirement accumulation stage.
We have access to some of the largest distributors of annuity products in the industry today. Through our broker dealer LPL Financial, we have access to a broad annuity platform that includes some of the highest quality carriers and the most competitive fixed and variable annuities. We filter through a comprehensive selection of annuity products from more than 40 insurance companies. All in an effort to bring the client the desired result at a competitive price.
Annuities are long-term investment vehicles designed for retirement purposes. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the issuing company. Withdrawals made prior to age 59 ½ are subject to a 10% IRS penalty tax and surrender charges may apply
