The Difference Between Deferred and Immediate Annuities

Kathy Nishnic helps clients achieve their financial goals, serving as a registered representative for Centaurus Financial, Inc., under Cola Wealth Advisors. Possessing more than two decades of experience, Kathy Nishnic has experience in everything from tax and estate planning to assisting clients with annuities.

When setting up an annuity, which is a type of insurance product, people must choose between two basic categories: immediate and deferred. Both categories include variable and fixed options, depending on how they are paid out, and both provide retirement income to owners. However, they function on different timelines.

As evidenced by the name, immediate annuities begin providing owners with payments within 12 months or sooner. In exchange for these immediate monthly payments, people provide the insurance company with a single, lump-sum payment. The amount of this lump-sum payment, along with various personal factors and the payout option, affect the amount of income annuity holders receive each month.

On the other hand, deferred annuities have an accumulation period between when distributions begin and when the annuity is set up. During this time, individuals make either a lump-sum payment or several premium payments to their annuity. There are no limits to the amount a person can contribute to a deferred annuity each year, and the money in the annuity is only taxed once it is withdrawn.

Visiting El Retiro Park in Madrid, Spain

Kathy Nishnic is a registered representative at Centaurus Financial, Inc., where she assists clients with their financial needs. An employee of the year awardee at Mantei and Associates, Kathy Nishnic enjoys traveling when time permits. One of her favorite travel destinations is Spain.

A popular tourist attraction in Madrid, Spain is El Retiro Park. With an area of over 300 acres, it used to host the palace and gardens of King Felipe IV and only became open to the public in the latter part of the 19th century. The sprawling oasis is east of central Madrid and has over 15,000 trees. Among the trees is a Mexican conifer, which at close to 400 years of age, is thought to be the oldest tree in Madrid.

There are various engrossing monuments and fountains scattered throughout the park, including the Jardín de Vivaces and the Rosalinda rose garden. One of the many interesting architectures is the Glass Palace, a breathtaking glass pavilion constructed in 1887, which was used to exhibit exotic plants from the Philippines. El Retiro also features a large artificial lake with rowboats available for rent. The park is a local favorite for those who go there to stroll, bike, rollerblade, engage other sports, visit exhibits, and bring their children to watch a puppet show.

Headquartered in Anaheim, California, Centaurus Financial, Inc. is a national independent broker/dealer registered and licensed to offer securities, investment advisory services, and insurance products. Centaurus Financial is a member of both the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). Centaurus Financial is also registered as a broker/dealer and a Registered Investment Adviser with the Securities & Exchange Commission (SEC). For more information about Centaurus Financial, please visit www.centaurusfinancial.com.

Mantei and Associates Supports Veterans at Georgia Hospice

A registered representative at Mantei and Associates, Kathy Nishnic offers tax-saving and income-optimization guidance to clients. Licensed to offer wealth-building tools from Centaurus Financial, Kathy Nishnic also works alongside founder Rick Mantei to promote the mission of Homestead Hospice of Roswell, Georgia.

As a veteran, Mantei understands the needs of servicemen and women, and spends time talking with them at Homestead. In addition to providing companionship, the hospice brings in medical professionals, counselors, social workers, and other professional. People who wish to assist with these services can pick from several options:

– Midnight Angels offer a peaceful presence to patients in their final hours. If medical monitoring is not needed, caregivers simply listen to memories and hold residents’ hands.

– Holistic therapy. Homestead ministers to the human spirit by engaging patients in the arts of theater, music, and dance. It also provides exercise to people whose mobility is limited, and organizes social events.

Headquartered in Anaheim, California, Centaurus Financial, Inc. is a national independent broker/dealer registered and licensed to offer securities, investment advisory services, and insurance products. Centaurus Financial is a member of both the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). Centaurus Financial is also registered as a broker/dealer and a Registered Investment Adviser with the Securities & Exchange Commission (SEC). For more information about Centaurus Financial, please visit www.centaurusfinancial.com.

Maintei and Associates Provides Support to OBAP

 

A former procurement specialist for the United States Air Force, Kathy Nishnic has helped clients achieve their personal financial goals for over twenty years as a top-ranking broker. Kathy Nishnic serves as a registered representative at Mantei and Associates in South Carolina.

Mantei and Associates is a wealth management firm serving over 2,000 clients in the Lexington, South Carolina area. The company, which operates as a branch of Centaurus Financial Inc., was recently featured in a KTVN article for its support of the Organization of Black Aerospace Professionals (OBAP).

Mantei and Associates’ owner and operator, Rick Mantei, recently had an impromptu opportunity to share his experiences as a pilot with young adults who were learning about flight related career prospects from a member of OBAP. Since its founding in 1976, OBAP has advanced the involvement of minorities in the aviation and aerospace sphere through educational programs for youth. Currently, these programs include mentoring, scholarships, and training initiatives.

For additional information on OBAP, visit www.obap.org.