Annuities

What is an annuity?

An annuity is an agreement or contract between you and an insurance company that lets you put money away for retirement, so you can get a guaranteed1 regular "paycheck" after you retire. Annuities grow tax-deferred until they start paying you an income. You contribute to an annuity – either as a lump sum, or in several payments over time – in order to get regular payments in the future, and for the rest of your life. As a tradeoff, annuities come with less liquidity than other investments.2 It's smart to choose a company like Northwestern Mutual, with its exceptional credit ratings and 160 years of service, to guarantee these payments.

Learn more about annuities.

 

1 All guarantees are backed by the claims-paying ability of the issuer.
2 Withdrawals from annuities may be subject to ordinary income tax, a 10% IRS early withdrawal penalty if taken before age 59½, and contractual withdrawal charges.

 

Jason Shapiro

Jason Shapiro, CLTC®

Managing Director

  • Office 818-610-7066
  • Mobile 818-203-9437

 

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