Annuities

At Morin-Levine Financial Services, located in Northeast Ohio, we understand the importance of planning for a financially secure retirement. Annuities can provide you with the peace of mind and financial stability you need to enjoy your golden years. Whether you’re just starting to plan or looking to optimize your current retirement strategy, our expert advisors are here to guide you every step of the way

What Are Annuities?

Annuities are financial products designed to provide a steady income stream, typically during retirement. They are offered by insurance companies and come in various forms, including:

• Fixed Annuities: Guarantee a set rate of return, providing stability and predictability.
• Variable Annuities: Allow you to invest in various funds, with income potential tied to market performance.
• Indexed Annuities: Combine features of both fixed and variable annuities, offering returns linked to market indexes while protecting your principal.
• Immediate vs. Deferred Annuities: Immediate annuities begin payouts shortly after purchase, while deferred annuities grow tax-deferred until you’re ready to receive payments.

Why Choose Annuities?

Annuities offer several benefits that make them a valuable addition to your retirement plan:

1. Guaranteed Income: Enjoy a reliable stream of income for life or a set period.
2. Tax-Deferred Growth: Earnings grow without being taxed until you withdraw.
3. Customizable Options: Tailor your annuity to meet your specific needs and goals.
4. Protection: Safeguard your principal with options like fixed or indexed annuities.
5. Legacy Planning: Pass wealth to your beneficiaries through death benefit provisions.

Annuities FAQ

Q: Are annuities a good investment for everyone?
A: Annuities are ideal for those seeking steady retirement income, but they may not be suitable for everyone. Our advisors can help determine if they align with your financial goals.

Q: How are annuities taxed?
A: Annuities grow tax-deferred, meaning you won’t pay taxes on earnings until you make withdrawals.

Q: Can I withdraw money early?
A: While early withdrawals may incur penalties, certain situations allow penalty-free access. We’ll help you understand your options.

How Morin-Levine Financial Services Can Help

At Morin-Levine Financial Services, we take the time to understand your unique financial goals and develop personalized annuity strategies that work for you. Here’s how we stand out:

• Expert Guidance: Our experienced team provides clear explanations of complex annuity products.
• Tailored Solutions: We design plans to fit your risk tolerance, timeline, and income needs.

Transparent Advice: No jargon, no confusion—just straightforward recommendations

📞 Call us now at 440-918-3120

📍 Visit us at 3440 Meklinz Pkwy in Eastlake, Ohio