Annuities are flexible and interesting financial tools. I’m not going to weigh in on whether they’re a good investment. Some people love them and some people don’t. What I can tell you is how they’re treated under Texas law.
Annuities offer income security, tax advantages and legacy benefits for your heirs. Find out how estate planning and annuities can strengthen your legacy.
If you don’t have a pension from your company when you retire but need to set up a steady stream of income, you may consider purchasing an immediate annuity.
A steady stream of income can give retirees worried about stock market downturns a reassuring sense of stability.
Who you choose as the annuity beneficiary may impact how the annuity income is taxed if you pass away.
A joint and survivor annuity provides lifetime income payments for an annuity owner and their survivor. You contribute a lump sum of money to the joint and survivor annuity and can usually start receiving income almost immediately.
