Frequently Asked Questions
Clear, straightforward answers to common retirement and financial planning questions—so you can move forward with confidence.
Packerland Brokerage Services • FAQ
Frequently Asked Questions About Money in Retirement
Straight answers to common retirement questions—focused on safety, income, access, fees, and flexibility.
Can I lose money with a Fixed Index Annuity?
Immediate, fixed, and fixed index annuities are guaranteed by the insurance company that issues the contract. Your principal is protected by the claims-paying ability of that company.
Important: Excess withdrawals may result in surrender charges. Withdrawals made before age 59½ may also be subject to additional tax penalties.
Will I pay a lot in annual management fees on my annuities?
No. Unlike variable annuities—which have an investment feature and may charge multiple layers of fees—the annuities we recommend, including immediate, fixed, and fixed index annuities, typically have no ongoing management fees for the base contract.
Optional benefits or riders may add a clearly stated fee. With fixed and fixed index annuities, product costs are generally built into the pricing structure.
Will my cash flow fluctuate with retirement annuities?
No. In our recommended strategies, your income is designed not to decrease once it begins. It may increase depending on product features and timing, but the goal is stable or rising cash flow—not income that fluctuates up and down.
Will we be able to keep our money if one of us becomes ill or passes away?
Yes. Many annuities, or optional riders, include waivers for terminal illness or certain health events. Death-benefit provisions may also be available depending on the contract.
Can these annuities provide income for the rest of my life?
Yes. Annuities can be structured to provide lifetime income. Specific benefits, guarantees, and terms depend on the product and issuing insurance company.
Does my retirement income have the potential to grow with inflation?
Yes. Certain product features and riders may increase lifetime income over time to help offset rising costs. Availability and specific benefits vary by product and issuing insurer.
Will I completely lose access to all my money?
No. Many contracts allow up to a 10% annual penalty-free withdrawal. Larger withdrawals during the surrender period may incur charges.
Withdrawals made before age 59½ may also be subject to IRS penalties.
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Packerland Brokerage Services is all about family
Packerland Brokerage Services is all about family
Helping people like you discover true financial independence has been our passion for over 30 years. We’ve built lasting relationships based on trust, transparency, and a genuine commitment to your success.
