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Annuities allow for individuals to build wealth, manage taxes, accumulate assets and plan for income distribution during retirement. An annuity contract has two phases: an accumulation phase and a payout phase. During the accumulation phase, the contract owner makes a payment or payments into the contract in exchange for either a fixed or variable return that is not subject to income taxes until withdrawal, permitting the tax deferred growth of your investment. During the payout phase, the accumulated value of the annuity contract can be converted into an income stream that can last for a set period of time or for as long as one lives. Woodbury has the opportunity to work with many annuity companies. The different types of annuities:
Variable Annuities
The combination of tax-deferred growth potential and guaranteed death benefit protection makes variable annuities a powerful alternative for achieving long-term retirement goals.
Fixed Annuities
Fixed annuities offer predictable growth and flexible features that make planning for future retirement goals easier.
Immediate Annuities
When you are ready to start taking retirement income, you can choose from a variety of annuity payout options available through immediate annuities..
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Neither Woodbury Financial Services, Inc., nor its registered representatives or employees, provide tax or legal advice. As with all matters of a tax or legal nature, you should consult with your tax or legal counsel for advice. |
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Securities and Investment Advisory Services offered through Woodbury Financial Services, Inc.,
Member FINRA, SIPC, and Registered Investment Advisor - Licensed in MO, IL, CA, NY
*** 111 West Port Plaza Drive Suite 300 Saint Louis, MO. 63146 ***
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