Question 1

What is a fixed annuity?

Accepted Answer

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.

Question 2

How does a fixed-indexed annuity work?

Accepted Answer

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.

Question 3

How much does it cost to work with Tim Hartle?

Accepted Answer

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.

Question 4

Is my money safe in an annuity?

Accepted Answer

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.

Question 5

Can I access my money if I need it?

Accepted Answer

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.

Question 6

I inherited an annuity — what should I do?

Accepted Answer

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.

Question 7

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

Accepted Answer

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.

Question 8

Can someone review my existing annuity for free?

Accepted Answer

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.

The 2026 Florida Retirement Income Guide

Get the 2026 Guide