An annuity is a financial vehicle issued primarily by insurance companies. Every annuity has two basic properties: whether the payout is immediate or deferred, and whether the investment type is fixed or variable (tied to a portfolio of investments).

An annuity with immediate payout begins payments to the "annuitant" immediately, whereas the deferred payout means that the "annuitant" will receive payments at a later date.

The financial consultants at Warren Steinborn Associates are well versed in annuity options, and can help you determine which are suitable for your financial circumstances.

Variable annuities involve market risk, including flucuating returns and possible loss of principal. Early withdrawals before age 59½ may involve additional fees and/or a 10% tax penalty.

Securities and advisory services offered through National Planning Corporation (NPC), Member FINRA/SIPC, a Registered Investment Advisor. Warren Steinborn Associates and NPC are separate and unrelated companies.
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