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Explore Our Annuity Services

When properly utilized and combined with other financial investments like Social Security and pensions, annuities can be the best way to supplement a retiree's income. Explore our services to know more about them.

At Royal West Agency, We facilitate purchase and payout and help you keep tabs on the stages and development of your annuity, so you know your financial status at any given moment. We recommend annuities as part of a custom-built investment plan, allowing our clients the opportunity to grow their funds while maintaining the flexibility to deal with changing life circumstances.

Our Annuity Services

Annuities can be an excellent way to supplement a retired person's income when properly utilized, especially with other financial investments like Social Security and pensions. However, the many types of annuities available and the complex nature of retirement investing mean that trying to make sense of things without guidance could leave you open to making uninformed decisions that may not actually be to your benefit.

At Royal West Agency, we help you understand your financial options, including annuities, and can advise you on which types and plans are most likely to benefit you. We facilitate purchase and payout and help you keep tabs on the stages and development of your annuity so you know your financial status at any given moment. We recommend annuities as part of a custom-built investment plan, allowing our clients the opportunity to grow their funds while maintaining the flexibility to deal with changing life circumstances.

Types of Annuities

Annuity types can vary in how you pay and receive money from them. However, the most common types of annuities include:

• Single-Premium Annuities: Where you pay the investment all at once.
• Flexible-Premium Annuities: In which you pay the investment in installments, requiring less money upfront.
• Immediate Annuities: It begins repayment immediately after the annuity is fully funded (often with a single premium). It is used by new retirees looking to grow their retirement funds.
• Deferred Annuities: Payout begins at a designated time and years after the contract is made. Payments may be given in a lump sum or by a series of regular payments over a guaranteed period. These are often used as long-term investment vehicles and benefit from being tax-deferred.
• Fixed Annuities: The funds are placed into a fixed income investment (such as a bond), providing a guaranteed principal with a fixed interest for a specified period. Because of these guarantees, this investment vehicle is considered low-risk.

Variable Annuities: This annuity offers the flexibility of choice, allowing you to designate your money to multiple managed funds, namely stocks, bonds, and cash equivalents. It is a higher risk than a fixed annuity but offers a tax deferral benefit on any earnings.

This annuity falls somewhere between a fixed and a variable annuity. These annuities provide tax deferrals and principal protection, ensuring that the original deposit will not decrease if the index performs poorly. *

Fixed index annuities can offer greater growth opportunities than a standard fixed annuity, but the principal protection provides less risk than a variable annuity. Spousal opportunities or beneficiary options may also be available, allowing you to protect your loved ones and yourself financially. For many working toward retirement, this balanced option provides a useful tool to supplement their income.

Conservative Financial Advisement in Cincinnati

At Royal West Agency, we focus on helping clients meet their financial goals and work toward the retirement they can look forward to. We use our years of experience to make informed recommendations and clear up extravagant trades that pose a high risk to your hard-earned capital.

For intelligent investment and retirement planning, set up a consultation today.

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