When you purchase a deferred annuity as part of your retirement plan, you enter into a contract with the issuing insurance company. During the accumulation phase, when you’re able to add funds, your funds will grow on a tax-deferred basis. When you’re ready to turn your annuity into a stream of cash, you’ll have various payout options to choose from.
The first step toward ensuring you have the income you need during your retirement years is to contact Symmetry Financial Group. We will help you understand the various products available.