The Truth About Annuities
Don’t be misled by flashy sales tactics or complicated brochures. At Sooner Retirement, we focus on education—not sales. We give you clear, honest information so you can understand your options, avoid costly mistakes, and make confident, informed decisions about your retirement income.
What Makes Us Different
We don’t sell with pressure or flash. Instead, we offer honest advice, full transparency on fees, and customized retirement strategies tailored to your lifestyle and long-term goals.
Honest, Personalized Annuity Advice
We take the time to understand your unique financial situation and goals before offering any recommendations—no generic pitches or one-size-fits-all plans.
Transparent Fees, Commissions, and Risks
You'll always know exactly what you're paying, how we're compensated, and the potential risks involved. No hidden costs or fine-print surprises.
Personalized Annuity Planning Solutions
We design annuity strategies specifically for your timeline, lifestyle needs, and income goals—not based on a generic, one-size-fits-all plan.
What Is a Retirement Annuity?
We take the time to understand your unique financial situation and goals before offering any recommendations—no generic pitches or one-size-fits-all plans.
What Is a Retirement Annuity?
We take the time to understand your unique financial situation and goals before offering any recommendations—no generic pitches or one-size-fits-all plans.
How Annuities Work
An annuity is a contract with an insurance company designed to turn your savings into guaranteed income. You contribute money—either all at once or over time—and in return, receive regular payments based on the type of annuity you choose.
Immediate or Deferred
Immediate annuities start paying income right away, while deferred annuities grow tax-deferred until you choose to begin withdrawals in the future.
Fixed or Variable
Fixed annuities offer predictable payments with minimal risk. Variable annuities allow your investment to grow with the market, though returns may fluctuate.
Legacy and Income Protection
Many annuities include features that protect your investment and provide income for your spouse or beneficiaries—even after you're gone.
Benefits of Retirement Annuities
A well-selected annuity does more than provide income—it offers stability, flexibility, and protection. It can reduce taxes, safeguard your savings, and deliver guaranteed lifetime income, helping you build a confident, stress-free retirement.
Lifetime Income You
Can’t Outlive
Annuities offer steady, dependable income for life—ensuring financial security and helping you avoid outliving your retirement savings.
Death Benefits for
Loved Ones
Many annuities include options to leave a legacy by passing any remaining value to your spouse, children, or other named beneficiaries.
Tax-Free Growth Until
Retirement Withdrawal
Your money grows without immediate tax impact, giving your investments more time to compound and increasing the value of your annuity over time.
Customize Your Retirement
Income Stream
Choose a lump sum, fixed monthly payments, or flexible schedules tailored to match your unique income goals and retirement lifestyle.
Protect Income from
Market Volatility
Fixed annuities shield your retirement income from stock market volatility, giving you predictable returns in uncertain times.
Understanding Your Annuity Contract
Not all annuities are created equal. From hidden fees to tax implications, knowing the fine print is key to making an informed, confident decision about your retirement income plan.
Identify Contract Types (Traditional, IRA, Modern Options)
We help you understand the differences between annuity types, including traditional insurance-based contracts, IRAs, and flexible low-cost modern annuities.
Avoid Excessive Fees and Costly Early Withdrawal Penalties
Many annuities come with surrender charges, management fees, or withdrawal penalties. We review these details so you know exactly what you're signing up for.
Evaluate Tax Treatments and Project Long-Term Investment Performance
Each annuity has different rules on taxation and growth. We'll explain how each option impacts your future income and retirement strategy over time.
Retirement Annuity vs. Pension Fund
While both pensions and annuities provide income in retirement, annuities are individually owned and offer greater flexibility. You can customize contributions, select payout options, and maintain control over how and when you receive income. Annuities also allow for early or phased retirement strategies that align with your personal financial goals and lifestyle preferences.
Retirement Annuity vs. Pension Fund
While both pensions and annuities provide income in retirement, annuities are individually owned and offer greater flexibility. You can customize contributions, select payout options, and maintain control over how and when you receive income. Annuities also allow for early or phased retirement strategies that align with your personal financial goals and lifestyle preferences.
Who Should Consider an Annuity?
Not everyone needs an annuity—but for certain individuals, it can be a smart, stable solution for building long-term retirement income. If any of the following describe you, an annuity may be worth exploring.
Self-Employed
Annuities offer structured retirement income when no employer plan is available.
Not Enrolled in a Pension
Without a pension, annuities provide guaranteed income for your retirement years.
Supplement Retirement Income
Add steady income alongside Social Security or other retirement assets you hold.
Non-Traditional Income Sources
Turn irregular income into predictable payments you can count on for life.
Planning Ahead with Confidence
A retirement annuity is an insurance contract that provides a reliable stream of income during retirement. It’s designed to help you maintain your lifestyle, safeguard your savings from market risk, and ensure you never run out of money. Annuities offer peace of mind by turning your retirement savings into predictable, long-term income you can count on.
Retirement Annuity vs. Pension Fund
While both pensions and annuities provide income in retirement, annuities are individually owned and offer greater flexibility. You can customize contributions, select payout options, and maintain control over how and when you receive income. Annuities also allow for early or phased retirement strategies that align with your personal financial goals and lifestyle preferences.