Annuities can turn a lifetime of savings - or a 401(k) you just rolled out of a job - into income you cannot outlive. But they come in several types, with real trade-offs and a lot of confusing sales hype. The Jordan Insurance Agency is an independent, licensed agency in Charlotte, North Carolina that explains fixed and fixed-indexed annuities in plain English - the guarantees, the costs, and the fine print - with no pressure and at no cost to you. Start with the questions below.
Annuity Basics
- What is an annuity and how does it work?
- What are the different types of annuities?
- Fixed vs. indexed vs. variable annuity - what's the difference?
- Are annuities a good idea for retirement?
- What are the pros and cons of annuities?
- Are annuities safe?
Fixed Annuities & MYGAs
- What is a fixed annuity?
- What is a MYGA (multi-year guaranteed annuity)?
- Annuity vs. CD - which is better for safe money?
- How do fixed annuity rates work?
Fixed Indexed Annuities
- What is a fixed indexed annuity (FIA)?
- How does annuity indexing work (caps, participation rates, spreads)?
- Fixed indexed annuity - pros and cons
- Do annuities protect my money from a market crash?
Income & Guarantees
- How does guaranteed lifetime income work?
- Immediate vs. deferred annuity - what's the difference?
- How much monthly income will an annuity pay me?
- What is an annuity income rider (GLWB)?
- What happens to my annuity when I die?
Rolling Over a 401(k), IRA or Pension
- Can I roll my 401(k) into an annuity?
- Can I roll an IRA into an annuity?
- Is rolling a 401(k) into an annuity taxable?
- Annuity vs. leaving my money in my 401(k)?
- What should I do with my 401(k) after leaving a job?
- Should I take my pension as a lump sum or an annuity?
Costs, Access & Taxes
- What is a surrender period and surrender charge?
- What fees do annuities have?
- Can I take money out of an annuity?
- How are annuities taxed?
- Is there a penalty for withdrawing early?
- How do annuities work with RMDs?
Safety, Myths & Suitability
- Are annuities a scam? (an honest answer)
- Who should - and should not - buy an annuity?
- Are annuities FDIC insured?
Choosing an Agent
- Financial advisor or insurance agent - who should I use?
- How do I choose a trustworthy annuity agent?
Ready to compare coverage? Review our annuities and retirement-income guidance for available options and personal guidance.
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