Florida Annuities

If you’re nearing retirement and looking for a place to stretch your money without sacrificing lifestyle—Florida is stealing the spotlight.

In 2025, annuities are booming across the Sunshine State. But this isn’t just about the weather—it’s about money moves, tax laws, and a flood of financial professionals helping retirees secure guaranteed income for life.

Here’s why Florida is the new capital of annuity-based retirement planning—and how you can take advantage of it.

🏖️ Florida Has No State Income Tax—And That’s a Big Deal

Let’s start with the obvious (and powerful): Florida has no state income tax.

That means:

• Your annuity payments are 100% state tax-free
• You can defer federal taxes with certain annuities like MYGAs and deferred annuities
• Retirees moving from high-tax states (like NY, NJ, CA) are saving thousands per year

💡 Bonus: Florida doesn’t tax Social Security benefits either.

📈 Retirees Are Locking in 5–6% Guaranteed Rates

In 2025, interest rates have stabilized but are still high compared to the last decade. That makes fixed annuities incredibly attractive.

Floridians are locking in:

• 5.0–6.0% guaranteed annual growth on MYGAs
• Fixed Indexed Annuities (FIAs) with market-linked potential without market loss
• Immediate annuities with lifetime income options that compete with traditional pensions

🔐 Translation? Florida retirees are locking in predictable, tax-efficient retirement income.

🌴 Financial Advisors Are Flooding the State

Florida has become a hotbed for annuity-focused advisors—and retirees are benefiting from increased competition and education.

• Retirees have access to independent agents who shop the entire market
• Local seminars and online webinars are everywhere
• Premium financing strategies are growing among wealthy Floridians to fund life insurance and annuities without using their own cash

👥 Pro Tip: Make sure your advisor is licensed in Florida and understands asset protection laws.

🏠 Asset Protection Laws Favor Annuities

One of Florida’s most powerful (and under-the-radar) advantages? Asset protection.

Under Florida’s insurance statutes, annuity cash value and income are protected from most creditors, including lawsuits.

That means:

• If you’re sued, your annuity assets are generally off-limits
• Retirees and business owners love this for long-term peace of mind

💼 Bonus: This also makes annuities popular among real estate investors and physicians relocating to Florida.

🧾 Florida Annuities Help Optimize RMDs and Tax Planning

Required Minimum Distributions (RMDs) are still a major planning issue—but Floridians are using annuities strategically to:

• Delay taxes on rollovers from IRAs or 401(k)s
• Use Qualified Longevity Annuity Contracts (QLACs) to push RMDs to age 85
• Blend annuities with non-qualified funds for flexible tax-deferred income

💰 Big Picture: Annuities give you control over when and how you’re taxed—especially powerful in a low-tax state like Florida.

🌎 Florida Retirees Have More Options Than Ever

Florida’s massive retiree population has created demand and supply for new products. Insurers are fighting for market share, and that means:

• Better rates and bonus options on annuity contracts
• More customization with income riders, inflation adjustments, and legacy benefits
• Hybrid annuities that include long-term care features

⚙️ Translation? Florida retirees have more choices than almost any other state in the U.S.

📍 Should You Buy an Annuity in Florida?

If you’re already in Florida—or thinking about relocating—here’s what to consider:

✅ Are you worried about outliving your income?
✅ Do you want to protect retirement savings from market crashes?
✅ Do you want guaranteed income with tax advantages?

If you said yes to any of the above—an annuity could be your Florida power move.

🏁 Final Word: Florida + Annuities = Retirement Gold

With no state income tax, strong asset protection laws, and some of the best annuity rates in the country, it’s no wonder retirees are saying…

➡️ “Let’s take our money to Florida—and make it last.”

Ready to see how an annuity fits into your Florida retirement?

👉 Schedule a free annuity strategy call with The Policy Shop today.