If you’re tired of spending your free time handling the paperwork required to invest in an IRA or 401(k) and enjoy your life a bit more, then you need to contact Mifra Financial. We’re a well-established and reputable tax consultant in Sylmar, CA that has been providing top-notch services to clients for over 35 years, and we assist clients with their concerns over their IRA, rollovers, annuity investments, and more. Book an appointment with us now!
An annuity is a contract between you and the insurance company where you will receive a fixed payment for the rest of your life. After you purchase the contract, the insurance company will pay you a set amount regularly, monthly, weekly, or yearly. This amount depends on factors such as the amount you put in the plan, your age, and the years you have until your full retirement age.
These payments will continue until you die, or until you decide to end the contract. Whatever the case may be, you can’t change your mind or end the annuity early.
Your annuity investments are guaranteed to grow and pay out a return, unlike stocks and bonds. Your investment has a guaranteed rate of return, and you will receive your guaranteed payments regardless of whether you have invested in hedge funds, mutual funds, or a stock market index fund.
Most investors save about one-third of their annual income and invest the rest in stock mutual funds or stock index funds. But you can invest your money in any kind of bond or stock. And if inflation rates increase, stock prices will decline while bond prices increase. If the stock market crashes, the bonds will offer some of the best protection.
Are you looking for a professional tax consultant in Sylmar, CA that can offer you quality annuity investments? If you are anywhere in the area, Mifra Financial is the company you should choose. Contact us at (818) 361-8600 today!