Annuities & retirement income · Baltimore, MD (Baltimore City)
Fixed Index Annuities in Baltimore, Maryland
19.6% of Baltimore workers have government jobs, well above the U.S. share of 14.1%, including 6.4% in federal jobs (U.S.: 2.4%). Insurance contracts that can help protect principal from market losses while participating in index-linked interest — with optional riders for lifetime withdrawal benefits subject to contract terms. Olive, a licensed agent with Manna Financial Services, helps Baltimore, MD households compare fixed index annuities by phone or video, and the first conversation is free.
What matters for fixed index annuities in Baltimore
About 72,600 Baltimore residents are 55 to 64 and about 88,800 are 65 or older. Fixed and fixed indexed annuities are mostly used by people in or near retirement who want principal protection or a guaranteed income stream, in exchange for surrender periods.
19.6% of Baltimore workers hold government jobs, so many households have a public or federal pension. An annuity may complement a pension, but pension choices themselves are made with your retirement system, not with us.
Baltimore by the numbers
- 19.6% of Baltimore workers have government jobs, well above the U.S. share of 14.1%, including 6.4% in federal jobs (U.S.: 2.4%).
- 15.4% of Baltimore residents are 65 or older, about 88,800 people, below the U.S. average of 17.7%; that is the 3rd-highest share of residents 65 and older of the 7 Northeast U.S. communities on this site.
- About 72,600 Baltimore residents are between 55 and 64, the group that will reach Medicare age over the next ten years.
- 47.8% of Baltimore homes are owner-occupied (U.S.: 65.0%), and the median home value is $214,600, well below the U.S. median of $303,400.
Baltimore and nearby communities
| Place | 65 or older | Government workers | Median household income |
|---|---|---|---|
| Baltimore | 15.4% | 19.6% | $59,826 |
| New York | 16.5% | 14.3% | $79,713 |
| Philadelphia | 14.9% | 12.8% | $60,698 |
| Boston | 13.1% | 11.5% | $94,755 |
| U.S. | 17.7% | 14.1% | $78,538 |
Sources: U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates.
How we help with fixed index annuities
- Principal protection features against negative index periods on eligible strategies
- Annual reset designs on many contracts so credited interest is locked in
- Optional lifetime income riders with contractual withdrawal schedules
- Penalty-free withdrawal provisions on many contracts (often a stated annual percentage)
Rules that apply in Maryland
- Annuity recommendations in Maryland must follow state insurance department suitability and best-interest rules, which require the annuity to fit your needs and financial situation.
- Annuities are long-term contracts. Most have surrender charges for early withdrawals, and guarantees depend on the issuing insurance company.
- We are licensed for insurance and annuities only and do not give tax, legal or investment advice. We work alongside your CPA or attorney.
Questions from Baltimore
Is my principal protected in an FIA if the market falls sharply?
On eligible fixed index strategies with a contractual 0% floor, a negative index period typically credits 0% rather than reducing account value by the index loss. Surrender charges, fees, and rider costs still apply — review the specific contract.
Do I need to visit an office in Baltimore?
No. Olive works with Baltimore and Baltimore City households by phone or video, so you can compare options from home. Most applications and signatures can be completed online.
Talk with Olive about fixed index annuities.
Free, no obligation, by phone or video. Or call or text (937) 388-5346.