What is a fixed annuity?

A fixed annuity is a contract with an insurance company that credits a set interest rate on your money and can provide an income stream for life. Your principal is protected from market losses. Any guarantees are subject to the claims-paying ability of the issuing insurance company and are not FDIC insured.

How does a fixed-indexed annuity work?

A fixed-indexed annuity credits interest based on the performance of a market index like the S&P 500, but your principal is not directly invested in the market. A 0% floor means index declines do not reduce your principal, while gains are credited up to a cap. Principal protection and any guarantees are subject to the claims-paying ability of the issuing insurance company and are not FDIC insured.

How much does it cost to work with Tim Hartle?

There is no out-of-pocket cost to you. Tim is compensated through commissions paid by the insurance carriers, not by you directly. The consultation is completely free with no obligation.

Is my money safe in an annuity?

Fixed and fixed-indexed annuities protect your principal from market losses. Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Tim only works with highly rated carriers rated A- or better.

Can I access my money if I need it?

Most fixed annuities allow penalty-free withdrawals of up to 10% of the account value per year. Surrender charges may apply to withdrawals beyond this amount during the surrender charge period, which typically lasts 5-10 years.

I inherited an annuity — what should I do?

Inherited annuities have specific IRS rules about required distributions, tax treatment, and deadlines depending on your relationship to the original owner. Making the wrong choice can cost thousands in unnecessary taxes. Tim Hartle offers a free inherited annuity review to help you understand all your options before making any decisions. Call (727) 692-5866.

My annuity broker retired or is no longer available — what do I do?

If your original broker has retired, moved, or left the business, you are not stuck. You can work with a new independent advisor who can review your existing policy, explain what you have, and help you make the most of it. Tim Hartle provides free policy reviews for clients in this situation throughout the Tampa Bay area.

Can someone review my existing annuity for free?

Yes. Tim Hartle offers completely free annuity policy reviews for residents of Pinellas, Pasco, and Hillsborough County. Whether you inherited a policy, lost touch with your broker, or simply haven't reviewed your annuity in years, Tim will go through your policy with you at no cost and no obligation. Call (727) 692-5866 to schedule.

When do required minimum distributions start?

Under current rules, RMDs from tax-deferred accounts generally begin at age 73. The exact age depends on your birth year.

Is it worth delaying Social Security to 70?

Delaying increases your benefit up to age 70. Whether it's worthwhile depends on your health, other income, and goals.

Should I review my beneficiaries at 70?

Yes. Reviewing beneficiary designations regularly helps ensure your assets pass the way you intend.

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Retirement Income Cornerstone Guide

Retirement Planning at Age 70

At 70, the priorities shift to maximizing guaranteed income, preparing for RMDs, and thinking about legacy.

Updated June 8, 2026 8 min readRetirement Income

Original infographic in development: Retirement Planning at Age 70

By 70, most people are fully retired, Social Security is often maximized, and required minimum distributions are on the horizon.

This guide covers making the most of your income, preparing for RMDs, and protecting your legacy.

Maximizing your guaranteed income

Why delayed Social Security peaks at 70 and how to use it.

Preparing for required minimum distributions

Understanding when RMDs begin and how they affect your taxes.

Protecting against a long life

Planning for the possibility of a 90+ year lifespan.

Legacy and beneficiary planning

Reviewing beneficiaries and how your assets pass to loved ones.

This guide is for general educational purposes only and is not financial, tax, or legal advice. Tim Hartle is an independent insurance professional. Annuity guarantees are subject to the claims-paying ability of the issuing insurance company and are not FDIC insured. Rules and product features vary by situation and by state. Please consult a qualified advisor about your own circumstances.

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