It would be a dream if annuities were also a one-size-fits-all solution. The security, stability, and growth they offer is impressive, but investing in the wrong one could be as bad as not investing at all. The good news is that I can help you understand which ones align with your needs.

If you’re curious about how annuities could fit into your financial plan, let’s talk. Schedule a no-obligation call and, together, we’ll create a strategy that grows your wealth and protects your future, giving you the confidence to enjoy what’s ahead.

Annuities are long term investments designed for retirement purposes. Withdrawals of taxable amounts are subject to income tax, and, if taken prior to age 59½, a 10% federal tax penalty may apply. Early withdrawals may be subject to withdrawal charges. Guarantees are backed by the claims‐paying ability of the issuer and are subject to their terms and conditions.

Let’s Build Your Financial Confidence

Not all annuities are created equal, and not every annuity will make sense for your financial picture. The right choice depends on factors like your retirement goals, risk tolerance, and overall plan.

I’m often asked the difference between annuities and other retirement tools, like IRAs or 401(k)s. While they all have their place, annuities offer unique advantages—especially when it comes to guaranteed income and protection from market losses.

I have been a financial advisor for long enough to know that “guaranteed” rarely means anything. And the vast majority of financial products would never be able to use the word guaranteed. But, annuities are just that, guaranteed and protected growth that you can rely on.

Is an Annuity Right for You?

Key Benefits of Annuities

An annuity is a financial product designed to provide a steady stream of income, often during retirement. You pay into the annuity, either as a lump sum or through installments, and your money grows over time, often tax-deferred. Later, you can choose to receive payments, either for a set period or for the rest of your life.

A common concern I hear is, “Aren’t annuities complicated?” While there are different types of annuities, the key is understanding which one aligns with your goals. Whether you want guaranteed income or growth potential, there’s likely an option that fits your needs.

What is an Annuity?

There’s no such thing as a sure thing when it comes to investing. Right?

Those stock tips, high-yielding mutual funds, and fancy ETFs have unlimited upside and downside. Each are subject to market swings—and often fees layered on top. 

I’m Philip Sessoms (aka Financial Phil), and as a financial advisor I often hear that “without risk, there is no reward.”

Well, I aim to lower the risk and increase the reward to my clients whenever possible. For me, it’s not just about outsized gains one or two years in a bull market. It’s about reliable growth that doesn’t put your retirement in jeopardy.

This is one reason that I always look to see how an annuity could play a role alongside stocks, mutual funds, and ETFs in each custom financial plan that I create. In my experience, when it comes to growing your wealth while protecting what you’ve worked so hard to save, annuities can play a powerful role. 

If you aren’t familiar, annuities offer tax-deferred growth and the potential for guaranteed income, making them an appealing option for people who want to secure their financial future without taking unnecessary risks.

Let’s break down how annuities work and why they might be worth considering as part of your financial plan.

Annuities: Tax-Deferred Growth with Guaranteed Protection