Annuities & Retirement Income Solutions

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Secure Income for Your Future

Reliable Options to Protect Your Retirement

Annuities can provide guaranteed income, tax-deferred growth, and stability for your retirement plan. These insurance products are designed to help you turn savings into a steady stream of income or protect your principal while earning interest over time. At Opportunity Insurance Agency, we help individuals understand how annuities can fit into their overall financial picture without the confusion or pressure. Whether you’re nearing retirement or planning ahead, we’ll walk you through your options in plain language so you can decide what works best for your goals.

Types of Annuities We Offer

Flexible Choices for Long-Term Stability

Fixed Annuities

Provide guaranteed interest rates and principal protection for stable, predictable growth.

Indexed Annuities

Link interest earnings to a market index while protecting your principal from market loss.

Immediate Income Annuities

Convert a lump sum into guaranteed income starting right away to cover living expenses in retirement.

Deferred Income Annuities

Lock in future guaranteed payments to supplement Social Security or pension income later in life.

Annuities With Lifetime Income Riders

Options that can ensure you won’t outlive your income during retirement.

Tax-Deferred Annuities

Allow your money to grow without paying taxes on earnings until you start withdrawing funds.

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Common Questions About Annuities

Clear Answers for Smarter Retirement Planning

  • Should I buy an annuity for retirement?

    It depends on your goals, risk tolerance, and other retirement income sources. Annuities can be a good fit if you want guaranteed income you can’t outlive, or if you’re seeking stable growth with principal protection. They are often used to complement Social Security and pensions, filling in gaps for consistent monthly income. We’ll help you evaluate whether an annuity makes sense as part of your broader retirement plan and explain how it could fit with your other assets.

  • How do annuities work for retirement income?

    An annuity is a contract with an insurance company where you pay a premium in exchange for guaranteed payments in the future. Depending on the type, those payments can start immediately or at a later date you choose. Some annuities are designed for lifetime income, which means they can keep paying as long as you live, helping reduce the risk of running out of money in retirement. The structure you choose depends on when you want the income to begin and how you want it distributed.

  • What’s the difference between fixed and indexed annuities?

    Fixed annuities offer guaranteed interest rates and are considered low risk, making them appealing for people who value predictable returns. Indexed annuities tie potential interest earnings to a market index, giving you the opportunity to earn more while protecting your principal from market downturns. Both can provide tax-deferred growth and options for lifetime income, but they work differently based on how interest is credited. We’ll explain both side by side so you can decide which aligns with your comfort level and goals.

  • Are annuities a safe investment?

    Annuities are insurance products, not traditional investments, and they’re designed to provide stability and protection. Fixed and indexed annuities, in particular, are built to protect your principal and offer predictable growth. While they may not deliver the high returns of riskier market investments, they can offer peace of mind through guarantees and income options. The safety of an annuity also depends on the strength of the issuing insurance company, which is why we only work with top-rated carriers.

  • Can I roll over my 401(k) into an annuity?

    Yes, many people use a portion of their 401(k) or IRA to fund an annuity as part of their retirement income plan. This can be done through a tax-advantaged rollover that maintains your account’s deferred status until you start taking distributions. Annuities can provide guaranteed income from those retirement savings and help balance market exposure in your portfolio. We’ll help you understand how a rollover works and what to consider before making the move.