As retirement approaches, the focus often shifts from growth to income. For many individuals and families in Las Vegas, Southern Nevada, and across the US, annuities become part of that income planning conversation. Not as a standalone solution. And not as a one-size-fits-all decision.

Annuities can be used to support retirement income planning by helping create predictable cash flow, manage longevity considerations, and coordinate with other income sources. When evaluated carefully, they may play a role within a broader financial plan.

At Ntact Retirement Solutions, annuity planning starts with understanding how income needs, taxes, risk exposure, and time horizon all work together. Call us to learn how annuities fit into your financial strategy

An annuity is a contract issued by an insurance company that is designed to provide income, either for a specified period or over a lifetime. Some annuities are focused on long-term accumulation, while others are structured to begin income payments sooner.

There are several types of annuities used in retirement planning, including fixed annuities, fixed index annuities, and income-focused annuity structures. Each comes with its own features, tradeoffs, and considerations, which is why education comes first in the process.

A Multi-Year Guaranteed Annuity, often referred to as a MYGA, is a type of fixed annuity that provides a guaranteed interest rate for a defined period of time. Common guarantee periods range from three to ten years.

MYGAs are often compared to certificates of deposit because of their structured terms. However, MYGAs are issued by insurance companies rather than banks and may offer different interest rates, tax treatment, and withdrawal provisions.

During the guarantee period, the interest rate does not change, regardless of market conditions. This structure allows retirees and pre-retirees to know exactly how much interest will be credited over the selected term.

Annuities grow on a tax-deferred basis, meaning earnings are not taxed until withdrawals occur. This feature can be relevant for individuals planning around future tax brackets, required minimum distributions, or multi-year income strategies.

In some cases, annuities are evaluated in coordination with Roth conversion planning or other tax-aware approaches. Timing, income levels, and liquidity needs all factor into whether these strategies are appropriate.

Are annuities guaranteed?
Some annuities include guarantees that are backed by the issuing insurance company, not the market. Guarantees depend on the financial strength of that insurer.

Do annuities replace Social Security or pensions?
Annuities are generally used to supplement other income sources rather than replace them.

How are annuities taxed in Nevada?
Nevada does not have a state income tax. Federal income taxes may still apply to annuity withdrawals.

Can I access funds early if needed?
Many annuities include surrender periods and withdrawal limits. Liquidity planning is an important part of the evaluation process.

If you are considering annuities for retirement or want to better understand how fixed annuities or fixed index annuities may fit within your overall plan, a conversation can help clarify your options.

Ntact Retirement Solutions works with individuals throughout Las Vegas, Southern Nevada, and the United States to evaluate annuity planning in the context of long-term retirement goals. Contact us to get started.