Over the past couple of weeks, we have been discussing different kinds of annuities. We have covered the basics, as well as the different advantages and disadvantages of these types of annuities, but there is a 
question that still remains. How do you sort through all of this information in order to choose the annuity that best suits your needs and expectations? One of the biggest things you can do at this point is to seek the advice and guidance of a financial professional who specializes in annuities, however, there are other things you should be considering, as well, before you make your final decision.
What Are You Using It For?
One of the most important questions you need to ask yourself before you purchase an annuity is, “What am I going to use this for?” If you are close to retirement or are already retired and are looking for a source of steady income then immediate annuities or fixed annuities might be right for you. However, if you are saving up money for retirement in Orlando, you may want to consider other options that may allow you to get more out of your investment, such as variable annuities.
When Do You Need the Money?
This is another important question you should be asking yourself if you are considering investing in an annuity. Some annuities involve penalties if you withdraw money early. If you need money within the next couple of years, then this may greatly affect your annuity selection.
We understand that there are several other factors that will help determine which type of annuity is right for you. That is why our team of specialists is here to get to know you and help you choose the right financial solution that best fits your needs. Contact us today for a free consultation.