Annuities
At Joe Karsner & Associates, we are strong supporters of the Immediate Annuity retirement plan. Immediate annuities guarantee that with an initial investment you’ll have a steady income for the rest of your life. When you purchase an immediate annuity, that money is invested, and in return you receive a monthly check for a fixed amount for the rest of your life, even if you outlive the initial investment.
There are a few ‘catches’ to some immediate annuities that you should keep your eye out for, though. In a traditional immediate annuity policy, if the policyholder dies before they have received their initial investment back their estate is not entitled to the remaining balance of those funds. However, that caveat can be easily remedied if you’re working with a knowledgeable annuity expert, as there are safeguards you can take when purchasing an immediate annuity that will prevent this from occurring. Unfortunately, many policyholders do not know this, and may not know to ask that their policy be created with these safeguards in place. This is why hiring an investment professional that specializes in annuities can be extremely beneficial. One of the knowledgeable specialists at Joe Karsner & Associates can even show you how to customize your annuity to increase for cost of living and inflation in times of economic change. With so many options on the market, the different types and brands of annuities can be overwhelming. Joe Karsner & Associates can set you up with the perfect annuity for your lifestyle and budget. For more information, please call us at 410-551-8392.