Annuities
Explore annuity options for your retirement goals. GA Financial Group can help you compare income features, costs, and access to your money.
What is an Annuity?
An annuity is a contract with an insurance company for long-term financial goals. You pay a premium or series of premiums in exchange for contract benefits, which may include future income. Features and risks vary by annuity type.
Earnings generally grow tax-deferred, not tax-free. Withdrawals may be taxable, and early withdrawals may incur tax penalties. An annuity inside an IRA or other tax-deferred retirement plan provides no additional tax deferral.
Review fees, surrender charges, withdrawal restrictions, and payout options. Contract guarantees depend on the issuing insurer's financial strength and claims-paying ability. Consult your tax adviser about your circumstances.
Contact us to learn more about the right annuity for you.
Immediate Annuities vs. Deferred Annuities
Immediate annuities: Income typically starts within a year of purchase. Payments may last for a set period or for life, depending on the payout option selected.
Deferred annuities: Funds accumulate before income begins at a later date. Growth, withdrawal options, and risks depend on the contract.
Compare income options, beneficiary provisions, costs, and access to funds before choosing a contract.
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Explore annuity options for your retirement