Phoenix Deferred Annuity & Annuities

Interested in Phoenix deferred annuities? At MyAnnuityGuy.com™, our goal is to help people prepare for their retirement years, so that when you reach the age that you should be able to live comfortably and without money worries, you can. You may have heard of a Phoenix deferred annuity, but were not certain what the term meant. Simply put, a deferred annuity is designed to ensure that your assets grow, so that you have a steady stream of income when you reach retirement.

If you are already retired or ready to pick a retirement date, wouldn’t it make sense to safely secure your 401k with a rollover into a guaranteed, principal protected IRA with enhanced income benefits? With a Phoenix insurance annuity, you no longer have to sweat the ups and downs of the market. Your future income account can grow steadily. When the market rises, you may still benefit. But when the market falls, you never participate in a loss. Guaranteed.

Phoenix deferred annuities can be fixed or variable, and are tax deferred which means you will not pay taxes on your earnings as they grow; instead, you will pay at the time that you withdraw your money. Depending upon how much money is contributed to the annuity throughout a calendar year, there may be significant tax advantages with this type of annuity. With a Phoenix deferred annuity, you have the option of purchasing the annuity with a single payment, or through payments made over a prolonged time period.

If you are uncertain of when you want to receive your income, a Phoenix deferred annuity may be the perfect option for you. With this type of contract, the buyer makes periodic contributions, but no withdrawals. Withdrawals from the plan are made either when a specific event takes place or an appointed time is reached. Be aware that should you withdraw from the plan prior to reaching age 59 1/2, you may be subject to a federal income tax penalty of 10%. When an individual reaches retirement, he/she does not have to begin receiving payments from the program. Should you feel it is wiser or have reasons to postpone payments, you do have that option.

Many people enjoy the flexibility of a Phoenix deferred annuity, as regular contributions to the plan are not mandatory. You may contribute on an irregular basis, and many individuals have the contributions deducted from their employment payroll. In the majority of plans, investors or account holders will recoup at a minimum 100% of the contributions they have made over time.

If you are looking for a safe, secure way to prepare for your retirement years, consider Phoenix deferred annuities. At MyAnnuityGuy.com™, our focus is to educate both young and old on the advantages of annuities, and how the various options work to help you prepare for a stable financial future during the "golden years." To learn more, contact us any time, day or night.