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What are annuities?

Types of Annuities

Annuity Fees & Expenses

Annuity Terms Glossary

How Annuities Are Taxed

Annuity Pros & Cons

Objections to Annuities

State Annuity Guaranty

Questions about long-term care?

When most people think of longterm care for the elderly, they think of nursing homes. But it can involve much more than that.


If you’ve started thinking about creating income for retirement, chances are you’ve heard about annuities.

Annuities are arguably among the most misunderstood investments. They can be complicated, so it isn’t surprising. However, depending upon your situation, annuities could be an important part of your overall financial strategy. It’s our job as licensed professionals to share our knowledge and experience with you to help you decide for yourself.

Broadly defined, an annuity is a contract between you and an insurance company where the purchaser pays a premium in exchange for a variety of guaranteed payout options for a set period of time or for the remainder of his or her life. The two phases of annuities are the accumulation phase, where the contract value accumulates interest earnings, and the distribution phase, where income is paid out from the annuity.

Annuities are different than savings accounts, investments and other types of insurance policies because they are the only financial product that can guarantee income as long as you live. No money manager, stock, bond, ETF, mutual fund or REIT can do that. (The guarantees of an annuity are backed by the financial strength and claims-paying ability of the issuing insurance company.)

The basic idea behind these insurance products — a guaranteed stream of income, often for a lifetime — sounds pretty appealing, but before signing a contract, make sure you understand the pros and cons.

We can help you better understand annuities so you can determine whether they may be a good fit for your overall financial strategy. Call 301-588-0514 or email

For over 20 years, Jim Musgrave has been serving families and businesses as their financial advisor.  Let us put our money management expertise to work for you.  Set up a no obligation consultation by either filling out our contact form or by calling us at 301-588-0514.  We are here for you!

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