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Home » Financial Services » Annuities

Annuities in Greenville, SC

Today, a retirement income setup depends almost entirely on the individual. This is why there’s the option of a guaranteed* fixed income factor that will fit into your individualized retirement strategy. To sum up, an annuity addition to your strategy can help to ensure that a percentage of your retirement income can be guaranteed. What is an annuity? Simply put, it’s a contract that’s purchased from an insurance company. Once you pay a premium, you hold claim to certain fixed and variable interest options for crediting that can defer taxes until it’s withdrawn for use.

Once you’re at the point for income distribution, there are many guaranteed payout options available to you. Certain annuities have conditions which, every year, let you get a withdrawal percentage of the contract value up to a particular limit. Keep in mind, however, that any withdrawal that occurs can reduce the value of the contract and any protected benefits included. Excessive withdrawals that fall above the limit that’s set in place may acquire something called a surrender charge, occurring between the first 5–15 years of the contract. Any annuity withdrawal that is made before the age of 59.5 may incur a 10% penalty fee. Income taxes may be applied to all withdrawals.

*Annuity guarantees are dependent on the ability and strength of the insurance company. Any annuity may be subject to surrender charges, holding periods, and fees. These stipulations may vary depending on the career. FDIC insurance doesn’t apply to annuities.



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For additional information on your financial strategy, call or email us today at 800.687.6768 and info@commonsenseretirementplanning.com.

To provide you with the best financial planning experience, we may offer you information on different investment and insurance products.

Be aware that no investment advisor will offer legal and tax advice, and no information given should be constituted as such. For that form of consultation, please contact an appropriate tax or legal professional.


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Securities offered through Madison Avenue Securities, LLC (MAS) Member FINRA/SIPC. MAS and Common Sense Retirement Planning. are not affiliated entities. Investing involves risk, including the potential loss of principal. Any references to protection benefits, safety, security, or lifetime income generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.

*Guarantees provided by insurance products are backed by the claims paying ability of the issuing carrier.

The 10 Things to Know About Planning Your Retirement Income Report is provided for informational purposes only. It is not intended to provide tax or legal advice. By requesting this report you may be provided with information regarding the purchase of insurance and investment products in the future.