Investment in Your Own Future
Personal Annuities are popular financial products to complement a retirement package. Created as kind of a reverse-loan agreement, a person who purchases an annuity pays a lump sum of money in exchange for a payout guaranteeing lifelong, regular payments for as long as you live. One of the main benefits of purchasing a special type of personal annuity called a deferred annuity is the tax benefit of not having to pay any taxes on the gains from the annuity until it starts paying out – typically after the buyer’s retirement. Another benefit is creating a lifelong revenue stream that is guaranteed for life.
Future Happens Today
The best-laid plans can be subject to life’s unpredictable nature. If you have purchased a personal annuity yourself, or have been gifted,or inherited an annuity from a family member, the personal annuity payment schedule may not reflect your immediate needs in the present. Redstone can help you convert some, or all of those future payments into a lump-sum payment today. We will take care of all the paperwork and answer the difficult legal questions to get your paid right away – contact Redstone if you have a personal annuity and would like to explore options on how to get your money quicker.