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Call anytime for the most
competitive
annuity
interest
rates.
Call Today For The Most Competitive Annuity Interest Rates From David King
Solutions, A Licensed Agent/Broker In NY, VT and TN
The goal of any
retirement plan is to save enough money to live comfortably for the rest of your
life.
Annuities have many advantages to help you achieve this goal. There are
two basic kinds of annuities. Deferred Annuities are for accumulating
money. Immediate Annuities provide income for a certain period or
lifetime or a lifetime with a period certain for your beneficiary.
●
fixed deferred
annuities
offer the following features
and advantages:
■ Tax-Deferred Growth
■ Guarantee of Principal and
Interest
■ Proceeds at Death Avoid
Probate
■ No Required Minimum
Distribution Unless it is IRA Money
■ No Up-Front or Annual Fees
■ Early Surrender Charges May
Apply
■ Can Be Converted to an Income
Annuity Without a Fee
●
INDEXED DEFERRED ANNUITIES AVAILABLE
IN NY,
VT & TN
have many of these
advantages but allow you to invest in indices such as the S&P 500 or the NASDAQ
index. Indexed annuities have a growth cap and usually have a guaranteed minimum
annual growth rate of 1% to 3%. Contact Us to learn more about options for
NY, VT & TN residents.
●
Variable Deferred
Annuities
allow you to invest
in mutual funds and various other investments. Fees are charged to your account,
and you have no guarantees unless you put your funds into the fixed account. I
do not sell variable annuities. I do not want to expose my clients to
risk.
●
Immediate Annuities
are the only
financial product available that can guarantee you lifetime income. One of
the biggest concerns today is that we will outlive our money. Immediate
annuities also spread your taxable gain over the withdrawal period.
Therefore, your income will be higher than taking money out of an IRA, for
example. Annuities can be used in IRAs and 401(k)s, but then IRA and
401(k) tax rules apply. If you would like to learn more about Immediate
Annuities and live in NY, VT or TN please
Contact Me today.
Remember, if you own Deferred Annuities, it is your responsibility to watch your
contract interest rate to make sure that you are getting the best interest rate
available.
Many deferred annuities are renewed at low rates. You can probably move that
money after your surrender charge period and earn much more. This can be done
without paying taxes on your accumulated gain.
When it is time to move money from the stock market to a guaranteed account,
you should consider Annuities. What is the maximum percentage of
investments that you should have in the stock market? Some suggest that you
should subtract your age from 100, although zero risk may turn out to be better
for you.
IRA Required Minimum
Distribution (RMD)
“ALTERNATIVES”
For New York, Vermont and
Tennessee Residents
From age 70 ½ on you
are required make an annual withdrawal from Traditional IRA account(s).
The amount of your required withdrawal is determined by a preset IRS formula and
the amount increases every year. It is your responsibility to make the
required withdrawal every year and if you do not, a penalty will be assessed
equaling 50% of the amount you were required to withdrawal. If you would like
a free print out of your Required Minimum Distribution amount for the next
20 years starting at age 70 ½, please
Contact Me.
You can eliminate the Required Minimum Distribution (RMD) obligations by
converting your IRA into a Tax Qualified Immediate Annuity that
will pay you a guaranteed income for the rest of your life. Or you can
eliminate RMD penalties on a portion of your IRA account by
annuitizing a portion of your IRA account. Please
Contact Me for a free Annuity Income quote.
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Many
people have accumulated enough money in pension, 401(k) and other
accounts that they do not need money from their IRA account for income
and prefer to leave their IRA money to their children. This can be done
by leveraging their IRA value into a substantially higher value and
leaving the higher value to their children INCOME TAX FREE. If this
“state-of-the-art” estate planning solution sounds interesting to you,
please call or email me for more information.
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