individual retirement annuity

Individual Retirement Annuity. Your Key to a Worry-Free Retirement

Plan for a financially secure retirement with an individual retirement annuity. Explore how it can provide a steady income, tax advantages, and peace of mind for your golden years.


 What does Individual Retirement Annuity cost? 

The cost of an individual retirement annuity varies widely, depending on factors like your age, the amount you wish to contribute annually, the annuity term, and the specific features you choose. It’s important to understand that while the initial outlay may seem significant, the potential long-term benefits can be substantial.

 What Is Anual Retirement Annuity? 

An individual retirement annuity is a tax-advantaged investment tool designed to help you save for your retirement. It’s essentially a contract between you and an insurance company, where you make lump-sum payments or a series of payments. In return, the insurer agrees to disburse regular payments to you either immediately or at some point in the future, supporting your financial security during retirement.

 Who is it for? 

An individual retirement annuity is ideal for those who are planning for a financially secure retirement. This includes self-employed individuals, small business owners, and anyone else who wishes to supplement their retirement savings beyond standard pension plans or Social Security benefits. If you value predictable income streams and tax advantages, this retirement solution might be for you.

 Why do you need it? 

Planning for retirement is a crucial aspect of financial stability. With an individual retirement annuity, you ensure a steady stream of income during your retirement years. It’s a tool that offers tax advantages, guarantees income regardless of market conditions, and provides peace of mind knowing you’ve planned for your future.

 What does it cover? 

An individual retirement annuity can be a cornerstone of your retirement strategy. It covers:

  • Guaranteed Income: Receive steady payments during your retirement.
  • Tax Deferral: Your investment earnings can grow tax-deferred until withdrawal.
  • Financial Legacy: Some annuities offer death benefits to your heirs.
  • Flexible Contribution: You can make lump-sum payments or spread out over time.
  • Market Protection: Certain annuities guarantee your principal, safeguarding against market downturns.

 What doesn't it cover? 

While an individual retirement annuity offers multiple benefits, there are things it doesn’t cover:

  • Immediate Liquidity: Annuities often have surrender charges if withdrawn early.
  • Capital Gains Tax Rate: Withdrawals are taxed as ordinary income, not at lower capital gains rates.
  • Medicaid Eligibility: Assets in an annuity may affect eligibility for Medicaid.
  • Unlimited Contributions: Unlike a 401(k) or IRA, there are limits on annual contributions.
  • Potential Higher Returns: Due to its safety, returns may be lower compared to riskier investments.

 Does have a deductible? 

No, individual retirement annuities do not have a deductible. However, penalties can be applied for early withdrawal before a certain age, typically 59½.

 Why Eichelmann Insurance Agency? 


We understand that finding the right insurance at an affordable price is crucial. That’s why we offer insurance options at competitive prices without compromising on the quality of service we provide. We work with you to find the best policy to fit your budget and ensure you get the coverage you need at a price you can afford.


Our team is always dedicated to providing a professional and reliable service. We take pride in our highly trained agents, who have the experience and expertise to answer any questions you may have and guide you through the insurance process. We work with you to understand your needs and offer tailored solutions that meet your requirements.


We understand that navigating the insurance world can be overwhelming. That’s why we offer a whole insurance process, handling everything from quotes to renewals. We take the time to explain the different types of insurance available and ensure that you understand the coverage you’re getting. Our team is dedicated to providing you with the right insurance to protect you and your loved ones.


Getting the right insurance should be easy and hassle-free. That’s why we’ve streamlined our processes to make it quick and straightforward to get a policy. We understand your time is valuable, so we work efficiently to provide you with the coverage you need as quickly as possible. With Eichelmann Insurance, you can trust that you’re getting the best coverage, at the best price, with the least stress.

 Still in doubt? 

At Eichelmann Insurance Agency, our experienced insurance agents are here to help you navigate your retirement planning journey. We take time to understand your needs, preferences, and financial goals to recommend the most suitable options. Let us help you secure your future with an individual retirement annuity tailored to you.

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  • Sleep well at night knowing your financial future is secure. An Individual Retirement Annuity promises you a steady, reliable income stream throughout your retirement years, regardless of how the market is performing.
  • Your retirement savings deserve the chance to grow undisturbed. With an Individual Retirement Annuity, your investment earnings can compound tax-deferred until withdrawal, maximizing your savings growth potential.
  • Make your retirement planning suit your financial situation, not the other way around. Whether you prefer lump-sum payments or a series of smaller contributions over time, an Individual Retirement Annuity adapts to your preferred style.
  • Don't let market downturns steal your peace of mind. Certain types of Individual Retirement Annuities can safeguard your principal investment, offering you protection even in uncertain times.
  • Create a lasting financial legacy for your loved ones. Some annuities offer death benefits that can be passed onto your heirs, allowing your hard-earned money to support the ones you care about most, even after you're gone.


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Reviews from our Individual Retirement Annuity customers

I’m beyond thrilled with my new Individual Retirement Annuity from Eichelmann Insurance Agency! They made the process so simple and straightforward. Now I can relax, knowing my retirement is secure. Two thumbs up!

John N.
Frisco TX

Just got my Individual Retirement Annuity from Eichelmann Insurance. Their agents were incredibly patient and answered all my questions. I feel confident about my financial future now. Highly recommended!

Sarah W.
Wichita Falls

Choosing Eichelmann Insurance for my retirement annuity was the best decision I’ve made! The friendly agents explained everything clearly, and I feel like they genuinely care about my future. So glad I went with them!

William S.
Plano TX

Wow, what a great experience with Eichelmann Insurance! They’ve set me up with a retirement annuity that suits my needs perfectly. It’s such a relief knowing I’ve got a plan in place for my golden years.

Megan T.
Wichita Falls