Annuities

Annuities That Make Retirement More Predictable—Right Here in Alabama

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What Are Annuities?

Annuities are powerful financial tools that turn your savings into steady, reliable income—especially during retirement. At Care Financial, we help individuals and families across Mobile, Fairhope, and the Alabama Gulf Coast understand how annuities fit into their broader retirement strategy. As an independent firm with over 40 years of experience, we offer access to a wide range of annuity options from top-rated providers—always selected based on your goals, not ours. Whether you’re nearing retirement or already enjoying it, we’re here to help you build a more confident, stress-free future.

Local Solutions. Nationally Backed. Always Personalized.

Types of Annuities We Offer

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MYGAs (Multi-Year Guaranteed Annuities)

MYGAs offer a fixed interest rate for a guaranteed number of years—ideal for residents in Mobile and Fairhope who want secure, tax-deferred growth without market exposure.

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Fixed Index Annuities

These annuities provide upside potential linked to a market index (like the S&P 500), with protection from loss. They’re a smart option for Alabama retirees seeking balanced growth and security.

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SPIAs (Single Premium Immediate Annuities)

A SPIA turns a lump sum into immediate, predictable income—popular among Gulf Coast retirees who want monthly payouts they can count on.

Income You Can Count On—Where You Live and Retire

Why Consider an Annuity in Alabama?

We help clients across Baldwin County, Mobile County, and beyond use annuities to:

  • Create a guaranteed income stream in retirement
  • Protect retirement savings from market fluctuations
  • Take advantage of tax-deferred growth
  • Diversify income beyond Social Security, pensions, or IRA withdrawals
  • Plan for lifetime income you won’t outlive

Whether you’re in Fairhope planning your next chapter or in Mobile reviewing your retirement options, we’re here to help you make sense of it all.

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Annuities for Alabama Residents

Annuities, Made Simple—Right Here on the Gulf Coast

  • Are annuities a good fit for retirement in Alabama?

    Yes—many retirees in Mobile and Fairhope use annuities to supplement Social Security and create income that won’t run out.

  • What’s the difference between a MYGA and a Fixed Index Annuity?

    A MYGA offers a guaranteed fixed rate for several years, while a fixed index annuity provides growth potential based on a market index, with downside protection.

  • Can I use my IRA or 401(k) to put in an annuity?

    Absolutely. We help clients integrate annuities with their retirement accounts for tax-deferred growth and income planning.

  • Are annuities tax-deferred in Alabama?

    Yes—your earnings grow tax-deferred until withdrawal, which can help with income control and tax efficiency during retirement.

  • Do annuities help protect against inflation?

    Some annuities include optional riders for inflation protection. We’ll help you compare options and determine what’s best for your situation.