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An annuity is a retirement tool that can help protect your savings and turn it into guaranteed income you can’t outlive.
“Aside from pensions, annuities are one of the few financial tools that can provide guaranteed lifetime income.”
One agent pushes indexed annuities. Another swears by MYGAs. A third says you need immediate income. Here’s the truth: there’s no one-size-fits-all answer. The right solution depends on your timeline, your goals, and your situation — not what’s easiest to sell.
Most people don’t need another sales pitch — they need someone to help them find the right fit. We provide access to 30+ top-rated annuity carriers through the nation’s largest independent brokerage firms, so you can compare free, direct carrier quotes in one place.
No fees. No pressure. Just clear, unbiased guidance.
Your money works for you—not for us.
100% of your money goes into the annuity and continues to grow without fees eating away at your returns.
Get a free, third-party performance review to see if your current annuity is still working for you — or if there are better options available.
Review My Annuity →
We partner with independent review specialists to provide you with an objective, comprehensive analysis—ensuring you get unbiased recommendations based on your goals.
Retirement shouldn't feel uncertain. Real security comes from knowing that a portion of your savings is protected, stable, and growing with confidence — no matter what the market is doing. Fixed and fixed indexed annuities provide that foundation.
These solutions combine guaranteed safety, efficient tax-deferred growth, and the option for lifetime income, helping you create a predictable financial base for your retirement years.
Interest grows without annual taxation, allowing more of your money to stay invested and compound over time — a powerful advantage compared to taxable accounts.
Your principal stays protected — even in volatile markets. You never lose credited interest or accumulated value due to market downturns.
Convert a portion of your savings into income that continues every month — for as long as you live. A stable, predictable financial foundation.
Real results from real people who trust us with their retirement planning.
"O'Rourke Life & Retirement has been instrumental in setting up my annuities that have been outperforming my brokerage account with no principal losses."
"Greg laddered my old CDs into separate yearly-length MYGAs that have much higher interest than my bank CDs, and I can defer taxes without paying gains at the end of the year. Thank you!"
A clear comparison to help you understand the differences between each annuity type.
Fixed Indexed Annuity
Market-linked growth with 100% principal protection. Add optional lifetime income riders for guaranteed payments you can never outlive.
Multi-Year Guaranteed Annuity
Higher rates than CDs with tax-deferred growth
Single Premium Immediate Annuity
Turn a lump sum into guaranteed income starting right away—income you can never outlive
Annuity with Long-Term Care
Tax-free care benefits + retirement income in one
Deferred Income Annuity
Lock in future income & reduce RMDs (QLAC)
Answer a few quick questions to find your best match
This quiz provides a starting point based on common needs. Your final annuity selection will be customized through case design with our team.
Single Premium Immediate Annuity
Based on your answers, a SPIA is your best match. Turn a lump sum into guaranteed lifetime income starting right away.
Get Your SPIA QuoteDeferred Income Annuity
Based on your answers, a DIA is your best match. Lock in guaranteed future income years before you need it.
Explore DIA OptionsMulti-Year Guaranteed Annuity
Based on your answers, a MYGA is your best match. Enjoy higher guaranteed rates than CDs with tax-deferred growth.
See Today's MYGA RatesFixed Indexed Annuity
Based on your answers, an FIA is your best match. Get market-linked growth with 100% principal protection plus optional lifetime income riders.
Explore FIA OptionsAnnuity with Long-Term Care Benefits
Based on your answers, a Hybrid Annuity with LTC benefits is your best match. Protect yourself from catastrophic care costs.
Learn About LTC Planning
A Fixed Indexed Annuity (FIA) allows your savings to grow based on positive market index performance—such as the S&P 500—while keeping your principal fully protected from market downturns. Even in a negative market, your principal and previously credited gains remain untouched. FIAs combine safety, growth potential, and powerful income options for long-term retirement security. You can add optional lifetime income riders to create guaranteed income you can never outlive—giving you both growth and income in one solution.
Your money is shielded from all market losses. You can never lose principal—or prior gains—due to market downturns.
Earn interest based on index performance—such as the S&P 500 or blended strategies—without ever being exposed to stock market volatility.
Interest grows without annual taxation, allowing more of your money to stay invested and compound over time—a powerful advantage compared to taxable accounts.
Income riders can provide lifetime income, enhanced benefits, and even confinement care options—while keeping your principal protected.
No annual fees on most plans
Works with IRAs, Roth IRAs, SEP IRAs, and non-qualified funds
Gains permanently locked in each year
Guaranteed minimum interest return
Penalty-free withdrawal options available
Add optional lifetime income riders—guaranteed payments you can never outlive
Some riders include long-term care or confinement benefits
Flexible options for growth, income, or both—tailored to your needs
Learn how a Roth conversion can help reduce retirement taxes, increase future income, and create more flexibility for your long-term financial plan.
Learn More →
A Multi-Year Guaranteed Annuity (MYGA) is one of the simplest and safest ways to grow your retirement savings at a competitive, guaranteed interest rate. MYGAs work similarly to high-yield CDs — but typically offer higher fixed rates, tax-deferred growth, and more flexibility. Many carriers are currently offering strong guaranteed returns, with several MYGA rates exceeding 5%–6% APY.
MYGAs typically offer higher fixed interest rates than CDs with similar terms, helping your savings grow faster.
Interest compounds tax-deferred — allowing more of your money to stay invested and grow, especially in non-IRA accounts.
Many MYGAs offer penalty-free annual withdrawals and flexible options — giving you access if needed.
Your principal is fully protected from market risk — backed by highly rated insurance carriers.
Choose terms that fit your goals — short or long
Enjoy tax-deferred growth outside of IRAs
No annual fees or market risk
100% principal protection
Ideal for laddered income strategies
Compound interest boosts long-term returns
CD-like simplicity with more advantages
IRA and non-IRA options available
Convert to guaranteed income at maturity
Discover why MYGAs often outperform traditional bank CDs with higher rates, tax advantages, and more flexibility — all with the same principal protection.
Learn More →
A Single Premium Immediate Annuity (SPIA) is one of the most reliable ways to create guaranteed, predictable income starting right away. In exchange for a lump-sum premium, the insurance company provides scheduled payments that begin immediately — either for a specific period or for the rest of your life. SPIAs are simple, transparent, and highly effective for turning retirement savings into stable, dependable income.
Receive stable monthly income you can never outlive — a powerful foundation for retirement.
No annual fees. No moving parts. No market exposure. Just straightforward, predictable income.
Choose Period Certain, lifetime, joint life, or include an optional Cost-of-Living Adjustment (COLA).
Usable with IRAs, Roth IRAs, or non-qualified funds
No market exposure or volatility
Can be customized for one or two lives
Works extremely well in "Laddered Income" strategies
Effective tool for legacy income planning
No annual fees or management costs
Multi-Year Guaranteed Indexed Annuity
A Hybrid MYGIA™ combines the guaranteed growth of a MYGA with the market-linked upside potential of an FIA — but without the complexity of caps, spreads, or annual resets. You earn a guaranteed fixed rate each year, with possible bonus interest based on S&P 500® performance at the end of the term. Your final return is based on the greater of your fixed interest value or your indexed value — simple, transparent, and fully protected.
Earn a guaranteed fixed rate each year, with possible bonus interest based on S&P 500® performance at the end of the term.
Your final return is based on the greater of your fixed interest value or your indexed value. No market loss risk — 100% principal protection.
Bonus interest is calculated one time at the end of the term. No complicated crediting formulas — simple and transparent.
Your interest grows tax-deferred — allowing compounding to work more efficiently, especially in non-qualified accounts.
No annual fees or hidden charges
Flexible term options: 3-, 5-, and 7-year terms available
Penalty-free annual withdrawals (product-specific)
Guaranteed fixed growth + index-based bonus potential
Works with IRA, Roth IRA, or non-qualified accounts
100% principal protection from market losses
Simple, transparent end-of-term bonus calculation
Multiple Hybrid MYGIA™ options available from top-rated carriers
A Deferred Income Annuity (DIA) provides a guaranteed income stream starting at a future date you choose — allowing you to lock in predictable retirement income years before you need it. DIAs are designed to provide long-term stability, protect against longevity risk, and offer powerful tax advantages while your money grows during the deferral period.
DIAs work with any funding source — IRAs, 401(k)s, or non-qualified accounts — making them one of the most flexible longevity planning tools available.
Lock in a reliable income stream to begin at a future date of your choice — regardless of market volatility.
Provides income for life — reducing the risk of outliving your savings and offering long-term retirement security.
Your contributions grow tax-deferred, allowing compound interest to work more efficiently over long periods.
A Qualified Longevity Annuity Contract (QLAC) is a special type of DIA purchased inside an IRA or 401(k) that offers additional tax benefits. QLACs reduce your Required Minimum Distributions (RMDs) while creating guaranteed lifetime income starting as late as age 85.
SECURE 2.0 Update: You can now invest up to $200,000 or 25% of your IRA into a QLAC, allowing you to defer more income and reduce taxable RMDs.
No annual fees — simple and cost-efficient
Flexible start dates (defer 2-40 years for DIA, up to 85 for QLAC)
Optional Cost of Living Adjustment (COLA)
No market or investment risk
Can be funded with lump sum or ongoing contributions
Backed by highly rated insurance carriers
A Hybrid Annuity with LTC combines the income benefits of a fixed indexed annuity (FIA) or deferred annuity with built-in long-term care (LTC) protection. These plans offer a powerful blend of retirement income, tax-advantaged LTC benefits, and flexible care funding — all inside one product. Some hybrid annuities can also be structured as SPIAs with LTC enhancements.
When you qualify for LTC (2 of 6 ADLs or cognitive impairment), many hybrid annuities provide tax-free payouts for care expenses.
Some contracts multiply your annuity value (2× or 3×) giving you significantly more LTC dollars than you put in.
Receive LTC benefits either as direct cash (indemnity) or reimbursement for actual care bills — depending on the product.
Hybrid annuities retain all standard annuity income features, often with lifetime withdrawal riders built in.
If LTC is never needed, your annuity value is still yours — for income, future growth, or to pass to heirs.
Most plans require only basic health questions — no medical exam or invasive underwriting.
of people age 65+ will require some form of long-term care
(U.S. Dept. of Health & Human Services)
of long-term care is provided at home or in community settings, not nursing homes
(AARP Public Policy Institute)
average cost of a private nursing home room per year
(Genworth Cost of Care Survey 2023)
Flexible care funding for home care, assisted living, or nursing home
Protects retirement assets and family from catastrophic care costs
Tax-advantaged LTC benefits when you need care
No separate LTC policy required — built into your annuity
Explore how hybrid annuities, LTC-enhanced annuities, and dedicated long-term care plans can protect your retirement, your assets, and your family.
Learn More →We don't just offer quotes — we deliver the best annuity and insurance guidance in the nation, backed by top technology, unmatched carrier access, and a team of specialists dedicated to your success.
We find the RIGHT product for your needs — not what's easiest to sell. Our advanced case design teams analyze your specific situation and evaluate multiple scenarios to optimize your outcome.
Access to 30+ annuity carriers. Top rated carriers with some of the highest payouts in the industry. We shop the entire market to find products most agents can't offer — ensuring you get the best value.
No allegiance to any insurance company. We represent YOU, not the carriers. Our unbiased recommendations are based solely on what's best for your goals — not who pays us more.
Partnership with the largest independent brokerages gives you access to advanced underwriting and case design specialists. Complex cases? We have the expertise others don't.
Life insurance, disability, annuities, and long-term care — all under one roof. Comprehensive planning, not just one product at a time. Coordinated strategies across your entire financial protection plan.
Modern tools and instant quotes combined with real human support every step of the way. We're with you from start to finish — and beyond.
No advisory fees, no AUM fees, no management costs. Our service is completely free — even if you choose not to move forward. 100% of your money goes into your annuity and stays there.
CHOOSE YOUR TERMS & TIMEFRAME
Tell us your goals.
Share your financial needs and retirement plans so we can tailor the best annuity options for you.
Top rated options.
We provide free, direct carrier quotes & illustrations from 30+ leading annuity providers for you to review.
Select the right annuity.
We guide you through the application and funding process and help handle paperwork — no pressure and no fee for our service.
We handle everything from start to finish — including all paperwork, transfers, and coordination with carriers. No cost to you, no pressure, and no guessing.
Share your goals, timeline, and current situation. No sales pitch, no pressure. We ask the right questions to understand YOUR unique needs.
We compare options from 30+ top rated carriers using advanced case design. Walk you through everything in plain English. No guessing — precision recommendations based on your specific circumstances.
Very little effort on your end. We handle the carrier paperwork. Typically, you'll just need to:
We coordinate everything else — including communication with carriers and custodians. Zero cost for our service — even if you choose not to move forward.
We're with you throughout the entire process and beyond. Questions? We're here. Your dedicated team stays with you every step of the way.
Note: Tax treatment varies by account type and individual circumstances. We recommend consulting with your tax advisor. O'Rourke Life & Retirement does not provide tax or legal advice.
Watch this unbiased breakdown of how annuities actually work and whether they might be right for your retirement strategy.
Real answers. No pressure. Licensed guidance from someone who gets it.
At O'Rourke Life & Retirement, we cut through the noise and give you the facts—plain and simple. Whether you're curious, cautious, or ready to protect your future, here's what you need to know.
We've made the process simple and stress-free:
There is no cost for our service and no obligation to move forward.
The application and approval process is usually very fast — often same day or within a day or two.
Most of the overall timeline depends on how long it takes your current financial institution to release and send the funds.
Here's how it typically works:
We guide you through each step and coordinate everything on our end to keep the process moving smoothly.
Very little. We handle the carrier paperwork on our behalf.
Typically, you'll just need to:
We coordinate everything else — including communication with carriers and custodians.
An annuity is a long-term retirement planning tool that can be a cornerstone of your financial plan. It can help you protect and grow your retirement nest egg, or you can turn it into guaranteed lifetime income.
A Multi-Year Guaranteed Annuity (MYGA) is a simple, low-risk option for growing your retirement savings. It offers a guaranteed fixed interest rate over a set number of years—typically between 3 and 10—so you always know what you're earning.
Unlike many other retirement tools, MYGAs grow tax-deferred and give you predictable returns without market exposure.
Many MYGAs also include flexible access, such as 10% annual penalty-free withdrawals, and some offer enhanced features for health events or income riders.
If you're looking for steady growth with safety and simplicity, a MYGA can be a smart solution.
A Fixed Indexed Annuity (FIA) offers a balance between growth potential and principal protection. Instead of earning a flat rate, your interest is tied to the performance of a market index, such as the S&P 500®—but with a key difference: your money is not actually invested in the market.
Many FIAs also offer optional income riders, such as a Guaranteed Minimum Withdrawal Benefit (GMWB), that let you create a reliable income stream for life, regardless of how the market performs.
If you're seeking growth with downside protection, an FIA may be worth considering.
No. Fixed annuities are not market-based investments. Your money is not exposed to market losses. It grows at a guaranteed rate—period.
No. With all fixed-type annuities—including Multi-Year Guaranteed Annuities (MYGAs) and fixed indexed annuities—your principal is protected from market losses.
A fixed annuity or MYGA grows at a guaranteed interest rate for a set period, providing predictable and secure returns.
With a fixed indexed annuity, your returns are tied to the performance of a market index—but your principal is never at risk from market declines. Even if the index drops, your account value won't decrease due to market performance, giving you growth potential with downside protection.
In summary, a fixed annuity or MYGA provides secure, predictable returns, while a fixed indexed annuity offers market-linked growth potential with downside protection.
Yes. That's one of the main reasons people choose fixed annuities. Your principal is always protected, and your account continues to earn steady, reliable growth—even when the market fluctuates.
It means you won't pay income taxes on the interest your annuity earns until you withdraw it. This allows your money to grow faster through the power of compound interest.
Accumulation: Let your money grow at a guaranteed rate. Take it out later.
Income: Turn your annuity into a steady stream of income, often guaranteed for life.
We help you decide what fits your timeline and goals best.
Many fixed annuities including MYGAs (multi-year guaranteed annuities) have no charges at all. Some may have surrender charges if you withdraw funds during the surrender period, but many offer flexible access options such as:
Fixed indexed annuities may have additional fees if you add optional riders, such as guaranteed lifetime income, specific growth guarantees, wealth transfer benefits, or long-term care riders. These riders add valuable protections but come with clear, upfront costs.
We charge no fees, no management or admin fees. We're compensated by the insurance companies when you move forward with a plan. That compensation doesn't reduce your account value, doesn't affect your annuity rates, and doesn't come out of your account or premiums. You pay nothing extra for our service or support.
We work directly with 30+ of the nation's top-rated annuity carriers, so we can compare the best options available—without bias, markups, or middlemen.
No. We're fully independent and directly appointed with every carrier we represent. That means you're not limited to one company's products—we shop the best offers for your needs.
In most cases, no.
For IRAs and other retirement accounts, we typically use a direct custodian-to-custodian transfer, meaning your money moves directly from one financial institution to another and is not considered a withdrawal.
For non-retirement (after-tax) accounts, we coordinate with your current institution to handle the transfer properly. In many cases, you simply set up the money transfer while we guide you through the process.
We make sure everything is handled correctly and smoothly. As always, we recommend confirming your individual tax situation with your tax advisor.
In most cases, no — when the transfer is handled properly, it is not a taxable event.
Here's how it works:
IRA and retirement accounts
When money is moved directly from one financial institution to another (called a custodian-to-custodian transfer), there are typically no taxes and no penalties.
Non-retirement accounts
There is no tax on the transfer itself. Taxes only apply if investments are sold and gains are realized.
Age 59½ and under
Penalties generally only apply if you take a withdrawal. A properly structured transfer is not considered a withdrawal.
We manage the process to make sure it's handled correctly. As always, confirm your individual situation with your tax advisor.
A custodian-to-custodian transfer is when your money moves directly from one financial institution to another — without ever passing through your hands.
Because the funds stay inside your retirement account the entire time, it is not considered a withdrawal. That means:
It's simply a repositioning of your retirement funds.
Transfer (most common and preferred)
Your money moves directly from one custodian to another. You never take possession of the funds. There are typically no taxes or penalties.
Rollover
The funds are first sent to you, and you must redeposit them into another retirement account within 60 days. Missing the deadline may result in taxes and penalties.
Because of these risks, most people choose a direct transfer whenever possible.
They're similar, but MYGAs have some important advantages:
| Feature | Bank CD | MYGA (Multi-Year Guaranteed Annuity) |
|---|---|---|
| Provides safety of principal | Yes | Yes |
| Access to principal (subject to surrender charges) | Yes | Yes, with many offering flexible access, including 10% penalty-free annual withdrawals |
| Entire principal remains unreduced by commissions | Yes | Yes |
| Provides tax-deferred growth | No | Yes |
| Allows flexible contributions | No | Yes |
| Helps avoid costs and delays associated with probate | No | Yes |
| Earnings can be automatically reinvested without current tax | No | Yes |
| Provides guaranteed lifetime income without taxing principal first | No | Yes |
| May reduce taxable income affecting Social Security taxation | No | Yes |
| Potentially provides higher yields | No | Yes |
Most fixed annuities allow up to 10% per year to be withdrawn without penalty. Some also allow withdrawals for Required Minimum Distributions (RMDs), terminal illness, or nursing care.
No. For fixed and fixed indexed annuities that haven't been annuitized (turned into income), surrender charges are waived if the annuitant passes away. Any remaining account value goes directly to your named beneficiaries and usually avoids probate. This helps ensure your money passes smoothly to your loved ones.
If you're looking for safety, steady growth, tax-deferred compounding, and income you can't outlive, then yes—it may be worth a serious look. We'll walk you through it based on your needs, not a sales pitch.
No pressure. No management fees. No surprises.
At O'Rourke Life & Retirement, we help people make smart, informed decisions with confidence and clarity. Let's talk when you're ready.
Your Retirement, Your Way — Start with a Free Annuity Quote. Growth, Income & Protection.
© 2025 O’Rourke Life & Retirement. All rights reserved. Specializing in fixed annuities, life & health insurance solutions. We are not a registered investment adviser or securities broker-dealer and do not provide investment, tax, or legal advice. Insurance products offered by Greg O’Rourke, Licensed Insurance Agent & Financial Professional. Not connected with or endorsed by the U.S. government, Medicare, or the Federal Marketplace. Licenses: FL #G166831 | National Producer #21340769 | Multi-State Licensed Agent
