An annuity is a contract between you and an insurance company in which you make a lump sum payment or series of payments and in return obtain regular disbursements beginning either immediately or at some point in the future.

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Many aspects of an annuity can be tailored to the specific needs of the recipient. In addition to choosing between a lump sum payment or a series of payments to the insurer, you can choose when you want to annuitize your contributions.

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With an annuity, you can benefit from tax-deferred savings and ensure that you have a guaranteed income in retirement.

 

Contact us today to learn more about Annuities!

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A lot of questions come up regarding Social Security. When do I take Social Security?  Do I collect Social Security while I am working? Am I entitled to any other benefits? What impact will healthcare costs have on my retirement? Do I take it Social Security at 62, wait until full retirement age or possibly wait until 70?

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There are many different Social Security strategies, so you want to get these questions answered correctly. Unfortunately, there is not one simple answer.

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However, here at Cedar Financial, we can help. We offer a one on one consultation that will show you the best ways to optimize the Social Security you worked hard for!

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Contact us today to learn more about a consultation!