There are several ways to build wealth over time. SOGO is here to help you get started with annuities, as well as with all your wealth management, risk management, and financial planning needs. If you are willing to make a long-term investment, you may want to think about establishing an annuity – a fixed sum of money you receive every year for a set amount of time. Now it’s time to think about how to start, and what the best plan of action should be.
If you are comfortable with high-risks, are looking to gain interest, immediate return on investment, or a fixed sum over time, there are some things to consider before establishing an annuity.
– If you are willing to wait years for your investment to gain value, this can be a great idea for you to build wealth. However, if you need an immediate, full payout, you may want to look into other types of investments.
– Think about your unique needs and expenses – this will help you navigate through your options so that you can make the best decision for your financial situation. Remember to always consult with a professional financial advisor who has a strong understanding of these investment types.
– How comfortable are you with risks? Variable annuities involve the highest risk because a return will rely directly on your own investment.
– Sometimes, higher risk means higher reward. If your payout is tax-free, it may be worth it to proceed with it.
– You will need to measure cost against benefits because all annuities cost fees. Be sure that your budget and the costs of the annuity are reasonable and beneficial to you. If you have doubts or concerns, check with your financial advisor to gain the best advice.
Lastly, you should also be sure that you have entrusted your financial planning, risk management, and wealth management to the right company. Investments are a great idea – but it’s important to start with choosing the best advisors. Contact a professional at SOGO to learn about which annuities may be right for you.