Annuities for guaranteed income in Texas
Retirement annuities in Texas can turn a portion of your savings into guaranteed income for life, and we compare immediate, fixed, and indexed options while coordinating payouts with Social Security, taxes, and investments.
Why Consider an Annuity?
Create your own pension with steady lifetime income
An annuity can convert a portion of your retirement savings into a predictable monthly check that lasts as long as you do. Many Texas retirees use guaranteed income to cover essentials like housing, groceries, and healthcare so market swings feel less stressful. Wealth Solutions evaluates whether an annuity complements in your plan and how it coordinates with Social Security, investments, and taxes across Austin, The Woodlands, Houston, Dallas, San Antonio, and Corpus Christi. To see how the income stream fits your broader plan, review our retirement income planning and how withdrawals work in retirement withdrawal strategies.
Active management vs. passive
Why we choose active oversight
Index funds have a place, but retirees in Texas often benefit from active decisions that balance income needs with risk. We don’t chase every market move; we make informed adjustments to manage drawdowns and capture opportunity. This hands-on approach is led by Richard Blair and reflected in our proprietary funds as well as individual securities where appropriate.
From paperwork to portfolio in one plan
How the rollover works
Review your accounts
We inventory plans and balances, including any 401(k), 403(b), SIMPLE, or governmental 457 assets, plus employer stock considerations.
Compare options
Keep funds in the old plan, roll to a new employer plan, or move to an IRA. We outline costs, creditor protections, and flexibility.
Choose IRA and investments
If an IRA is best, we set up the account and design an allocation that fits your broader plan.
Handle the paperwork
We coordinate a trustee-to-trustee transfer to avoid withholding and the 60-day rule.
Reinvest and align
Once assets arrive, we implement the strategy and connect it to your household plan in your client portal.
Why Consider an Annuity?
Create your own pension with steady lifetime income
An annuity can convert a portion of your retirement savings into a predictable monthly check that lasts as long as you do. Many Texas retirees use guaranteed income to cover essentials like housing, groceries, and healthcare so market swings feel less stressful. Wealth Solutions evaluates whether an annuity belongs in your plan and how it coordinates with Social Security, investments, and taxes across Austin, The Woodlands, Houston, Dallas, San Antonio, and Corpus Christi. To see how the income stream fits your broader plan, review our retirement income planning and how withdrawals work in retirement withdrawal strategies.
Choose the structure that matches your goals
Types of Annuities
Immediate annuities start income within a year and are useful when you want checks to begin now. Deferred annuities let you fund today and turn on income later, which can support longevity protection. Fixed annuities credit a set rate for a period. Fixed indexed annuities link interest to an index with caps and floors and may include income riders for lifetime withdrawals. Variable annuities invest in market subaccounts and can include riders for guarantees at a higher cost. We compare options and explain trade-offs so you can choose with confidence within your overall plan.
Fiduciary guidance without product bias
Our Approach to Annuities
We start with your income gap and risk tolerance, not a product brochure. If guaranteed income adds value, we shop top-rated insurers for competitive payout rates and simple contracts. As independent advisors, we recommend only what fits your plan and budget, then integrate the policy with investments, taxes, and cash flow. For context on how annuities connect to broader insurance decisions, see Insurance & annuities.
Balanced decisions that weigh guarantees and flexibility
Pros and Cons of Annuities
Pros include lifetime income you cannot outlive, options for joint-life coverage for a spouse, and insulation from market downturns with fixed structures. Considerations include limited liquidity during surrender periods, rider or contract fees on some designs, and inflation risk if payments are level. We tailor the amount committed so you retain ample liquid assets for flexibility.
Right size, right timing, clear paperwork
How We Implement Annuities
If an annuity is appropriate, we determine how much to allocate, select immediate or deferred income timing, and request quotes from multiple carriers. We walk through surrender terms, fees, inflation options, and survivor benefits in plain language. After purchase, we track insurer strength and integrate payments into your plan and client portal.
Frequently Asked Questions
Straight answers about lifetime income
Will my payments keep up with inflation?
Most income is level unless you choose an increasing option. We can pair an annuity with growth assets to help offset rising costs.
What happens if I pass away early?
Contracts can include period certain or refund features so beneficiaries receive remaining value. We review options before you decide.
Can I access my funds if I need cash?
Contracts often allow limited annual withdrawals during the surrender period. We keep emergency reserves outside the annuity to stay flexible.
Disclaimer
An annuity is a contract between a buyer and an insurance company that provides the buyer with a regular series of payments in return for a lump-sum payment. Any references to protection benefits or lifetime income generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.
Annuities contain certain fees, risks, limitations, and restrictions, including free withdrawals up to a specified limit, as well as potential withdrawal fees or surrender charges for withdrawals exceeding that limit or early withdrawals. Please speak with an agent for costs and complete details. You should carefully consider your financial needs before investing in annuity products and benefits.
An annuity is intended to be a long-term, tax-deferred retirement vehicle. Earnings are taxable as ordinary income when distributed, and if withdrawn before age 591⁄2, may be subject to a 10% federal tax penalty. If the annuity will fund an IRA or other tax qualified plan, the tax deferral feature offers no additional value. Qualified distributions from a Roth IRA are generally excluded from gross income, but taxes and penalties may apply to non qualified distributions. Consult a tax advisor for specific information. This is not a recommendation to surrender or otherwise purchase an insurance product. You should review your specific policy and financial situation with your advisor. Wealth Solutions is not acting in a fiduciary capacity when it comes to the sale of annuities.
Wealth Solutions will receive commissions based on the sale of annuity contracts. Annuity contracts are made by and for the benefit of the buyer, who should bear responsibility for premiums and understand their financial conditions. Annuity commissions typically range from 1 percent to 8 percent of the total value, though you may pay as high as 10 percent or as low as 0 percent if you buy a commission-free annuity.