Frank M. Semeraro

(973) 229-0288
Individual, Family and Small Business


Since people are living longer, the biggest fear those people have is outliving their money after they retire.  An Annuity is an insurance product that pays out income, and can be used as part of a retirement strategy.   Annuities are a popular choice for investors who want to receive a steady income stream in retirement.  You won't outlive the income the guaranteed payments provide, so you don't have to worry about market performance.

The biggest advantages annuities offer is that they allow you to sock away a larger amount of cash and defer paying taxes. Unlike other tax-deferred retirement accounts such as 401(k)s and IRAs, there is no annual contribution limit for an annuity.

The income you receive can be paid out monthly, quarterly, annually or even in a lump sum payment. The size of your payments are determined by a variety of factors, including the length of your payment period.  You can opt to receive payments for the rest of your life, or for a set number of years.  Since Annuities are tax deferred, the great part about them is that you receive Triple Interest Compounding. You receive interest on your money, interest on your interest and interest on the taxes you would have paid.

Call me at (973) 229-0288 to schedule a consultation.