Keep access to money in the picture
Some annuities have surrender charges or other restrictions if you take money out early. Income features may have separate costs and conditions. A guarantee has specific terms and depends on the issuing insurer's claims-paying ability.
Keep emergency savings and near-term spending needs separate in your planning. A product intended for long-term retirement income may not be the right place for money you need readily available.
Questions for a side-by-side comparison
- When could income begin, and how long could it last?
- Is the contract fixed, indexed, or another type, and what risks apply?
- Which amounts are guaranteed and which are illustrations?
- What fees, surrender charges, or withdrawal restrictions apply?
- How are beneficiaries treated?
- What happens if you need more money than the planned income?
IRA rollovers and taxes
If a rollover is part of the discussion, review the existing account before moving it. Compare costs, investment or insurance features, withdrawal rules, and any protections or benefits you could lose.
An annuity inside an IRA does not add a second layer of tax deferral. Tax treatment and suitability depend on your circumstances. Coordinate tax questions with your tax professional.
The right company for your situation
Julianne is an independent agent, so she does not work for a single insurance company. She represents many companies and can compare annuity options across them, then help you choose the company and contract that fits your needs.
Athene and North American are two of the companies she can draw from. You do not have to arrive knowing which product you want. Bring your goals, time horizon, questions, and the details of any existing contracts.
Annuities that can help with long-term care
Some annuities today can be paired with features that help cover qualifying long-term care costs, combining retirement income with care benefits in one contract. Availability, costs, and terms vary by company and contract.
If long-term care is part of your planning, Julianne can explain which options she represents and how they compare with a standalone policy. You can also read the long-term care overview.
