Fixed Annuities

Annuities are a powerful tool for creating a stable and predictable income stream, especially during retirement. At Thomas D. O’Sullivan – New York Life, we offer a variety of annuity options designed to provide financial security and peace of mind, ensuring that your savings last as long as you need them.

Annuities are customizable, allowing you to choose between immediate or deferred payouts. Immediate annuities begin providing income soon after a lump-sum investment, making them ideal for retirees seeking prompt financial support. Deferred annuities, on the other hand, allow your money to grow tax-deferred until you’re ready to start withdrawing funds.

A significant advantage of annuities is their ability to provide guaranteed income for life. This feature makes them particularly valuable in retirement planning, as they can supplement Social Security or pensions. With options like fixed annuities, you can enjoy a steady income unaffected by market fluctuations. For those seeking higher returns, variable annuities offer growth potential linked to investment performance.

Annuities also come with flexibility. You can tailor your plan to include options for beneficiaries, ensuring that your loved ones are supported even after you’re gone. Additionally, some annuities offer riders for long-term care or inflation protection, providing added value and security.

At Thomas D. O’Sullivan – New York Life, we help you navigate the complexities of annuities to find the best fit for your financial goals. Whether you’re looking to secure retirement income or grow your savings, annuities can be a key component of your financial plan. Contact us today to explore how they can benefit your future.