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Home » Financial Services » Annuities » Immediate Annuities

Immediate Annuities

About Immediate Annuities

Before we can explain the specifics of this product, we must first talk about annuities in general. Basically, an annuity is a financial product that is an agreement between a person and an insurance company. On one side, the owner of the annuity makes a lump sum payment to the company. On the other side, the company agrees to make regular payments back to the individual at a later time. There are two basic types of annuities, deferred and immediate, that determine how these payouts occur. While deferred annuities do not begin until a later date, immediate annuities can start immediately.

Immediate annuities are typically selected by retirees who want steady income payments to start within a short amount of time. Immediate annuities are tax-deferred, which means you don’t have to pay taxes on this increase until the money is withdrawn.

Because there are many companies that sell them, there are a lot of options when it comes to immediate annuities. To help you make an informed decision on Portland immediate annuities, Harlow Wealth Management will provide you with access to products from several different companies. This structure allows us to find the immediate annuity that will best meets your needs.

Call Harlow Wealth Management for Answers

Want to learn more about Portland immediate annuities? Meet with one of our knowledgeable financial professionals. We’ll be happy to talk about your financial situation and retirement goals to determine if one of these products would be a good fit for you. Call us today and set up your appointment.

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Harlow Wealth Management is an investment adviser and insurance agency registered with State of Washington and other states, who have not verified nor endorsed the statements on this site. Harlow Wealth Management may transact business only in those states where it is licensed or qualified for an exemption or exclusion from licensing requirements. This website should not be interpreted as a solicitation to offer investment advisory services to residents of any state where we are not authorized to do so. Individualized responses that involve personalized investment advice will not be made absent compliance with jurisdictional requirements where an exemption or exclusion is not available.

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