Tuesday, November 23, 2004
Common annuity mistakes. www.legacyannuities.com
THE SIX MOST COMMON MISTAKES MADE BY ANNUITY INVESTORS
Mistake #1: Lack of Concern for Quality of Company
Many annuity investors fail to properly research the ratings of the insurance company issuing their annuity contract. Annuity owners commonly fail to keep updated on the company after they have made an investment. This is especially important with a fixed annuity because the insurance company has your money invested in their general account and guarantee both the principal and interest. In a variable annuity it is not nearly as important since the money is in separate accounts invested according to the stated objective of the sub-account (i.e. growth, balanced, international, bonds, etc.)
A.M. Best can no longer be relied upon as the number one authority in rating insurance companies. We rely more on Standard & Poors, Moody, Duff & Phelps and Weiss rating services in addition to analyzing the companies' investment portfolio. Our recommendation is to buy only from top-rated insurers.
If you would like a review of the ratings and ranking of your annuity company, please call us.
Mistake #2: Annuitizing the Contract
In most older annuity contracts, when it comes time to start receiving income you are forced into making a decision on what terms you want to annuitize under. Some options can be very unfavorable to the investor. For example, if you choose a life annuity that pays you a monthly check as long as you live and you die prematurely, the insurance company gets to keep the remainder of the funds, and your heirs get nothing.
Another drawback of annuitization is that you lose control of your money. Once you annuitize you cannot go back and increase or decrease the amount of your monthly check. This could be a serious problem if your annuity income does not keep pace with inflation.
Newer annuities offer an option called systematic withdrawal. This means you can set up your own schedule of monthly income that can be adjusted at any time. The remainder of your funds will continue to earn interest and when you die the funds go to your beneficiary, without the cost of delay or probate.
Mistake #3: Falling for High First Year Rates and Not Being Concerned with Renewal Rates
Many insurance companies will try to entice you into purchasing their annuity by offering a first year rate that is much higher than the going rate. After the first year the renewal rate will typically be much lower, but you will still have several years of surrender charges before you can move your money to another annuity. Approach unusually high rates with caution. Many high interest rate annuities have surrender charges that are no longer than the normal 5 to 7 years and in some cases the surrender charges never go away. Avoid these annuities and any other that restrict your withdrawals by giving you a lower rate if you move your money or don't annuitize with them.
Before you buy, look at the interest rate protection features and consider an annuity where you have the option to lock rates in for more than one year. Also, if you already own an annuity, make it a point to have your renewal rate reviewed each year by an unbiased annuity professional. Your annuity may have a bailout feature that allows you to move your money if the rate drops below a specific level. The annuity company will not notify you that the bailout feature has been triggered. We can research this for you so you can make an intelligent decision.
Mistake #4: Purchasing an Annuity with Limited Investment Options
The days of annuities only offering a one-year rate, or a handful of variable accounts from a single investment manager, are long gone. Today's annuities offer rate guarantee periods from one to ten years, and up to 30 different investment portfolios from as many as 14 fund managers. With the newer types of tax deferred annuities you can adjust your asset allocations as markets change and interest rates change. This type of investment program can meet your investment needs as your age and your investment objective change.
Mistake #5: Failing to Properly Designate Ownership, Annuitants and Beneficiaries
Unless you are well versed in IRS rules concerning ownership, annuitant designation or beneficiary designation, you could cause needless problems in transfer, unnecessary taxable income, and failure to continue income tax deferral and excess payment of estate taxes. For example, many people do not realize that once you name an annuitant, the IRS will not allow you to change that designation. This could result in a 10% tax penalty on the income if the annuitant were to need income, and was under age 59 1/2. Another common mistake is to name a trust as the beneficiary. This would cause the proceeds to become immediately taxable, rather than allowing your spouse continuous tax deferral for up to an additional five years.
Mistake #6: Not Using A Full Time Annuity Specialist
Most annuity investments are purchased from captive insurance agents who offer limited fixed annuities, or from banks with little investment and planning expertise. We offer a wide range of annuity investments from a long list of the top companies in the industry. We will work with you to find the investment that suits you and your financial needs. We also continually monitor the market and provide you with up to date information. We would be glad to assist you, whether you are considering an investment at this time, or if you already own an annuity and simply need someone to answer your questions. We are also qualified to help you look at the big picture, ensuring that any annuity purchase makes sense from a taxation, planning and investment standpoint.
Back
THE SIX MOST COMMON MISTAKES MADE BY ANNUITY INVESTORS
Mistake #1: Lack of Concern for Quality of Company
Many annuity investors fail to properly research the ratings of the insurance company issuing their annuity contract. Annuity owners commonly fail to keep updated on the company after they have made an investment. This is especially important with a fixed annuity because the insurance company has your money invested in their general account and guarantee both the principal and interest. In a variable annuity it is not nearly as important since the money is in separate accounts invested according to the stated objective of the sub-account (i.e. growth, balanced, international, bonds, etc.)
A.M. Best can no longer be relied upon as the number one authority in rating insurance companies. We rely more on Standard & Poors, Moody, Duff & Phelps and Weiss rating services in addition to analyzing the companies' investment portfolio. Our recommendation is to buy only from top-rated insurers.
If you would like a review of the ratings and ranking of your annuity company, please call us.
Mistake #2: Annuitizing the Contract
In most older annuity contracts, when it comes time to start receiving income you are forced into making a decision on what terms you want to annuitize under. Some options can be very unfavorable to the investor. For example, if you choose a life annuity that pays you a monthly check as long as you live and you die prematurely, the insurance company gets to keep the remainder of the funds, and your heirs get nothing.
Another drawback of annuitization is that you lose control of your money. Once you annuitize you cannot go back and increase or decrease the amount of your monthly check. This could be a serious problem if your annuity income does not keep pace with inflation.
Newer annuities offer an option called systematic withdrawal. This means you can set up your own schedule of monthly income that can be adjusted at any time. The remainder of your funds will continue to earn interest and when you die the funds go to your beneficiary, without the cost of delay or probate.
Mistake #3: Falling for High First Year Rates and Not Being Concerned with Renewal Rates
Many insurance companies will try to entice you into purchasing their annuity by offering a first year rate that is much higher than the going rate. After the first year the renewal rate will typically be much lower, but you will still have several years of surrender charges before you can move your money to another annuity. Approach unusually high rates with caution. Many high interest rate annuities have surrender charges that are no longer than the normal 5 to 7 years and in some cases the surrender charges never go away. Avoid these annuities and any other that restrict your withdrawals by giving you a lower rate if you move your money or don't annuitize with them.
Before you buy, look at the interest rate protection features and consider an annuity where you have the option to lock rates in for more than one year. Also, if you already own an annuity, make it a point to have your renewal rate reviewed each year by an unbiased annuity professional. Your annuity may have a bailout feature that allows you to move your money if the rate drops below a specific level. The annuity company will not notify you that the bailout feature has been triggered. We can research this for you so you can make an intelligent decision.
Mistake #4: Purchasing an Annuity with Limited Investment Options
The days of annuities only offering a one-year rate, or a handful of variable accounts from a single investment manager, are long gone. Today's annuities offer rate guarantee periods from one to ten years, and up to 30 different investment portfolios from as many as 14 fund managers. With the newer types of tax deferred annuities you can adjust your asset allocations as markets change and interest rates change. This type of investment program can meet your investment needs as your age and your investment objective change.
Mistake #5: Failing to Properly Designate Ownership, Annuitants and Beneficiaries
Unless you are well versed in IRS rules concerning ownership, annuitant designation or beneficiary designation, you could cause needless problems in transfer, unnecessary taxable income, and failure to continue income tax deferral and excess payment of estate taxes. For example, many people do not realize that once you name an annuitant, the IRS will not allow you to change that designation. This could result in a 10% tax penalty on the income if the annuitant were to need income, and was under age 59 1/2. Another common mistake is to name a trust as the beneficiary. This would cause the proceeds to become immediately taxable, rather than allowing your spouse continuous tax deferral for up to an additional five years.
Mistake #6: Not Using A Full Time Annuity Specialist
Most annuity investments are purchased from captive insurance agents who offer limited fixed annuities, or from banks with little investment and planning expertise. We offer a wide range of annuity investments from a long list of the top companies in the industry. We will work with you to find the investment that suits you and your financial needs. We also continually monitor the market and provide you with up to date information. We would be glad to assist you, whether you are considering an investment at this time, or if you already own an annuity and simply need someone to answer your questions. We are also qualified to help you look at the big picture, ensuring that any annuity purchase makes sense from a taxation, planning and investment standpoint.
Back
IF you see this type of advertisement it is for an Equity Index Annuity.
www.legacyannuities.com
SAVINGS/STOCK MARKET RESCUE PLAN.
EARN 5% to 10%
*Expected average annual return over 5 years. Not guaranteed.
Tired of losing money with the ups and downs of the stock market?
Tired of low interest CDs, IRAs and Money Markets?
Stuck in a low interest rate Annuity?
Would you like to have higher returns with guarantees?
Get out of risk and into safety. Attractive rates. Guaranteed insured and secure.
Your money will never decrease again!
Everyone wants higher returns, but higher returns usually brings with it high risk and no guarantees. When your savings and retirement funds are involved, that's a difficult choice. It is time for your money to work harder and do more. You want peace of mind knowing your money is safe and will be there when you need it most. There is now a choice.
You may be able to receive:
-Higher returns but with minimum guarantees.
-Guaranteed 12 to 60 month yield.
-Guaranteed growth and safety of principal.
-Lifetime interest rate guarantees.
-Protection from risk.
-Cash in 30 days.
-Monthly income.
-Penalty free withdraws. -Annual compound interest.
-Tax favored growth.
-Tax free income option.
-Tax free benefit option.
PLUS YOUR CHOICE TO:
1. Immediately increase your money by 10%.
2. Recover up to 10% of your principal immediately.
3. Pay up to 10% of your surrender charge now.
www.legacyannuities.com
SAVINGS/STOCK MARKET RESCUE PLAN.
EARN 5% to 10%
*Expected average annual return over 5 years. Not guaranteed.
Tired of losing money with the ups and downs of the stock market?
Tired of low interest CDs, IRAs and Money Markets?
Stuck in a low interest rate Annuity?
Would you like to have higher returns with guarantees?
Get out of risk and into safety. Attractive rates. Guaranteed insured and secure.
Your money will never decrease again!
Everyone wants higher returns, but higher returns usually brings with it high risk and no guarantees. When your savings and retirement funds are involved, that's a difficult choice. It is time for your money to work harder and do more. You want peace of mind knowing your money is safe and will be there when you need it most. There is now a choice.
You may be able to receive:
-Higher returns but with minimum guarantees.
-Guaranteed 12 to 60 month yield.
-Guaranteed growth and safety of principal.
-Lifetime interest rate guarantees.
-Protection from risk.
-Cash in 30 days.
-Monthly income.
-Penalty free withdraws. -Annual compound interest.
-Tax favored growth.
-Tax free income option.
-Tax free benefit option.
PLUS YOUR CHOICE TO:
1. Immediately increase your money by 10%.
2. Recover up to 10% of your principal immediately.
3. Pay up to 10% of your surrender charge now.
IRA Tax Bomb www.legacyannuities.com
Is your IRA or ANNUITY creating a Tax Time-Bomb?As your account values grow in your IRA or annuity, you are increasing the taxable amount or gain due in the future when you either need income, or upon your death. According to the Tax Code, all gains in an annuity contract or amounts in an IRA are taxable upon redemption or death. Due to a little known provision in the Tax Code, an annuity or IRA owner can change the character of future accumulations to provide tax-free income and a tax-free benefit to their heirs and still have safety of principal and avoid probate. Unfortunately, the gains or amount you have accumulated to date in your annuity or IRA cannot avoid income taxation. However, you may want to consider changing the nature of the accumulation to a tax-free status before the problem gets worse.For complete details or to see if you qualify, please give us a call.Are you receiving monthly taxable interest on your CD or ANNUITY?Many CD and Annuity Owners are receiving a monthly check of the interest being earned on their CD or Annuity. In most cases this is 100% reportable as income and subject to personal income taxes. The solution to reduce your tax liability is to use a Split Annuity funding strategy. A Split Annuity is not an annuity policy but a combination of two annuity products. An immediate annuity and a single premium annuity structured in such a way as to produce immediate tax-advantaged income for a guaranteed period of time and to restore your original principal at the end of that time period. By doing this, up to 85% of your monthly income payments would then be Tax-Free. This can provide you with a safe, predictable, and guaranteed monthly income. For complete details to learn more about Split Annuities and how they can benefit you, please give us a call.Is your savings protected from being taken by Medicaid?What would you do if you, your spouse, or a parent had to enter a long-term nursing facility? How would you pay this expense? Most Americans assume that Medicare will pay for an extended nursing home stay. This is completely wrong. If you have any assets, such as bank CDs, annuities, stocks, bonds, you may be held responsible for paying this expense. With the average yearly cost being $40,000 how long could you make such payments?Can you do anything to prevent this from happening? The answer is yes. Proper planning done on a timely basis is absolutely critical. For complete details or to learn more about how to protect your money, please give us a call.Save up to 50%. Get a Quote and Apply by Phone or Online:Life, Health, Dental, Long Term Care, Annuities, CDs, IRAs, TrustsCall us at: xxxxxx
There is never any cost or obligation for our services. We do not engage in any high pressure sales tactics and we do not make any recommendations that are not in our client’s best interest. For a complete review, comparison or rate quote of your CD, IRA or Annuity, please give us a call.
XXXXXXXXXXXXXXXX and how to get the highest rates possible!Greetings. Many of us have learned the hard way that we cannot take a nearsighted view of the economic landscape and expect our liquid assets to flourish. In recent years, with the decline of interest rates, many investors were lured away from the safety of Certificates of Deposit by the securities industry with the promise of higher interest rates. Brokers signed up clients by the droves. Stocks, bonds and mutual funds became the heavy favorites of former CD investors who chose to put their funds at risk with stock brokers rather than lower their standard of living. Some benefited from this; other suffered for it. Especially senior citizens who discovered what can happen to their non-insured accounts with local stock brokers and the larger wire houses when the economy shifts: They can lose their savings.Ask virtually any stock, bond or mutual fund investor what has happened to their accounts since the beginning of 2000, the response will be unanimous; their account value had diminished at some point. Remember the hit the stock market took on 9/11/01? That was a wake up call to perhaps a greater shock to come. Many just rolled over and went back to sleep. On the other hand, many woke up! News reports tell us that hundreds of millions of dollars were yanked out of the securities industry and put back into safety. The hard lesson learned was one that Will Rogers recited some years ago, "The return of principal is more important than the return on principal."
With the impact of global, national, and local economic changes coming to bear on virtually everyone with the past subsequent losses in the stock and bond markets, there is a strong flow of dollars away from risk and back to safety. Where is money safe? The choices are limited to the banks and insurance companies.When shopping for a place to invest, most people believe they have three choices:1.) Go down to the bank where they have always done business.2.) Look in the paper to see who has the best rate in town. 3.) Look in the phone book for insurance companies or stock brokers.In choosing one of these avenues the investor has severely limited the growing power of their money. Why? Because there are thousands of insurance companies and FDIC insured banks in this country and it is very likely that they could earn up to 1% or more on their money if they knew it was available!We study over 2,000 banks and insurance companies daily locating the highest rates in the nation on CDs, IRAs and Annuities with terms ranging from 90 days to 10 years! Virtually without exception, we can locate the term desired at an interest rate that is superior to what can be found in one's own community!
THERE ARE TWO TYPES OF CERTIFICATES OF DEPOSIT AVAILABLE1) Bank Certificates (CDs)As you well know, rates on CDs are continually changing due to various market conditions. When you purchase a standard CD with a set term such as maturity date, early withdrawal penalty, etc., your options are fixed and non-flexible. The longer term CD that pays periodic interest payments is known as a periodic CD. A CD that pays at maturity is known as an interest at maturity CD.Most people put their savings in bank CDs because it is FDIC insured. Little do they realize the cost they are paying for this coverage. One out of every three year's interest goes to taxes, plus all the other "catches" the bank attaches to your CDs. 2) Insurance company Annuity Certificates (Annuities)Annuity Certificates are only issued by insurance companies. Annuity Certificates are safe and guaranteed by their reserves, billions of assets, by the world's largest life insurance companies. With an annuity certificate you get to keep the money you would normally pay Uncle Sam in taxes and draw interest on that money until you choose to pay taxes on the interest! This gives you triple compounding of your money. Interest on the principle, interest on the tax savings and interest on the interest. This is something bank CDs can't do! Other advantages of an annuity: 1. Tax-deferral, so potentially, you can earn more.2. No "renewable" surrender charges, as in a CD.3. You can avoid probate unlike a CD.4. Free annual withdrawal provisions.5. Waiver of surrender charges at death or due to confinement in a nursing home.6. Annuity interest rates are usually higher than CDs. Why insurance companies are safe:1. 100% + reserves required by law.2. Nature of reserves is highly regulated.3. Reserves are checked through state audits.4. Insurance company promises are backed by all the assets of the company.5. Insurance company insolvencies are rare.
Most annuity certificates are purchased from captive insurance agents who offer limited fixed annuities. Most CDs are purchased from bank representatives with little investment and planning expertise. We offer a wide range of annuity certificates from a long list of the top companies in the industry. We also work to find the bank certificate that suits you and your financial needs. We also continually monitor the financial market and provide you with up to date information. We would be glad to assist you, whether you are considering an investment at this time, or if you already own an Annuity, IRA or bank CD and simply need someone to answer your questions or to see if you can upgrade your current interest rate. We are also qualified to help you look at the big picture, ensuring that any Annuity, IRA or CD you own makes sense from a taxation, planning and investment standpoint.For complete details or if you would like to receive a bank CD, IRA or Annuity rate quote or comparison, please give us a call. CD, IRA, MUTUAL FUNDS AND FIXED ANNUITY ALTERNATIVES Tired of losing money with the ups and downs of the stock market?Tired of low interest rate CDs, IRAs, Fixed Annuities and Money Markets? Would you like to have higher returns but with guarantees?Everyone wants a higher return, but higher returns usually brings with it high risk and no guarantees. When your savings and retirement funds are involved, that's a difficult choice. It is time for your money to work harder and do more. You want peace of mind knowing your money is safe and will be there when you need it most. There is now a choice. An “Equity-Indexed Annuity Certificate” locks in stock market gains when the market is rising, but also protects your investment against any losses when the market is falling. That's right; your policy value is never reduced because of negative stock market performance. With an Equity-Indexed Annuity, your return is tied to the increase in one of several stock market indexes, such as the S&P 500. However, if the stock market goes down, you do not lose any of your money. In fact, most Equity-Indexed Annuities will even GUARANTEE you a minimum annual return (typically 3%). Even if the index you invested in goes down the entire time you are invested. Also, with an Equity Index Annuity you can receive:-Higher returns but with minimum guarantees.-Guaranteed 12 to 60 month yields.-Lifetime interest rate guarantees.-Guaranteed growth. -Safety of principal. -Monthly income-Penalty free withdrawals.-Tax favored growth.
Do you want to leave more money to your spouse, children or grandchildren? You can now upgrade your current investment and spend all of your money over your lifetime PLUS still leave it all to your family TAX FREE. This simple, safe and secure investment guarantees a competitive fixed interest rate return that is tax-deferred. Additionally, it provides a benefit that allows an additional amount of up to 100% of your money to be transferred to heirs tax-free.
Many people want to move their money to a better investment or upgrade their interest rate but still have months or years of penalties or surrender charges left. There are certain companies that will pay you up to 10% extra of your principal to move your money now. You can use this 10% to reimburse any penalties or surrender charges or help you recover up to 10% of any lost principal. You can also use this bonus to increase the amount of your savings by up to 10%.For complete details to learn more about any of these alternatives and how they can benefit you, please give us a call.
Is your IRA or ANNUITY creating a Tax Time-Bomb?As your account values grow in your IRA or annuity, you are increasing the taxable amount or gain due in the future when you either need income, or upon your death. According to the Tax Code, all gains in an annuity contract or amounts in an IRA are taxable upon redemption or death. Due to a little known provision in the Tax Code, an annuity or IRA owner can change the character of future accumulations to provide tax-free income and a tax-free benefit to their heirs and still have safety of principal and avoid probate. Unfortunately, the gains or amount you have accumulated to date in your annuity or IRA cannot avoid income taxation. However, you may want to consider changing the nature of the accumulation to a tax-free status before the problem gets worse.For complete details or to see if you qualify, please give us a call.Are you receiving monthly taxable interest on your CD or ANNUITY?Many CD and Annuity Owners are receiving a monthly check of the interest being earned on their CD or Annuity. In most cases this is 100% reportable as income and subject to personal income taxes. The solution to reduce your tax liability is to use a Split Annuity funding strategy. A Split Annuity is not an annuity policy but a combination of two annuity products. An immediate annuity and a single premium annuity structured in such a way as to produce immediate tax-advantaged income for a guaranteed period of time and to restore your original principal at the end of that time period. By doing this, up to 85% of your monthly income payments would then be Tax-Free. This can provide you with a safe, predictable, and guaranteed monthly income. For complete details to learn more about Split Annuities and how they can benefit you, please give us a call.Is your savings protected from being taken by Medicaid?What would you do if you, your spouse, or a parent had to enter a long-term nursing facility? How would you pay this expense? Most Americans assume that Medicare will pay for an extended nursing home stay. This is completely wrong. If you have any assets, such as bank CDs, annuities, stocks, bonds, you may be held responsible for paying this expense. With the average yearly cost being $40,000 how long could you make such payments?Can you do anything to prevent this from happening? The answer is yes. Proper planning done on a timely basis is absolutely critical. For complete details or to learn more about how to protect your money, please give us a call.Save up to 50%. Get a Quote and Apply by Phone or Online:Life, Health, Dental, Long Term Care, Annuities, CDs, IRAs, TrustsCall us at: xxxxxx
There is never any cost or obligation for our services. We do not engage in any high pressure sales tactics and we do not make any recommendations that are not in our client’s best interest. For a complete review, comparison or rate quote of your CD, IRA or Annuity, please give us a call.
XXXXXXXXXXXXXXXX and how to get the highest rates possible!Greetings. Many of us have learned the hard way that we cannot take a nearsighted view of the economic landscape and expect our liquid assets to flourish. In recent years, with the decline of interest rates, many investors were lured away from the safety of Certificates of Deposit by the securities industry with the promise of higher interest rates. Brokers signed up clients by the droves. Stocks, bonds and mutual funds became the heavy favorites of former CD investors who chose to put their funds at risk with stock brokers rather than lower their standard of living. Some benefited from this; other suffered for it. Especially senior citizens who discovered what can happen to their non-insured accounts with local stock brokers and the larger wire houses when the economy shifts: They can lose their savings.Ask virtually any stock, bond or mutual fund investor what has happened to their accounts since the beginning of 2000, the response will be unanimous; their account value had diminished at some point. Remember the hit the stock market took on 9/11/01? That was a wake up call to perhaps a greater shock to come. Many just rolled over and went back to sleep. On the other hand, many woke up! News reports tell us that hundreds of millions of dollars were yanked out of the securities industry and put back into safety. The hard lesson learned was one that Will Rogers recited some years ago, "The return of principal is more important than the return on principal."
With the impact of global, national, and local economic changes coming to bear on virtually everyone with the past subsequent losses in the stock and bond markets, there is a strong flow of dollars away from risk and back to safety. Where is money safe? The choices are limited to the banks and insurance companies.When shopping for a place to invest, most people believe they have three choices:1.) Go down to the bank where they have always done business.2.) Look in the paper to see who has the best rate in town. 3.) Look in the phone book for insurance companies or stock brokers.In choosing one of these avenues the investor has severely limited the growing power of their money. Why? Because there are thousands of insurance companies and FDIC insured banks in this country and it is very likely that they could earn up to 1% or more on their money if they knew it was available!We study over 2,000 banks and insurance companies daily locating the highest rates in the nation on CDs, IRAs and Annuities with terms ranging from 90 days to 10 years! Virtually without exception, we can locate the term desired at an interest rate that is superior to what can be found in one's own community!
THERE ARE TWO TYPES OF CERTIFICATES OF DEPOSIT AVAILABLE1) Bank Certificates (CDs)As you well know, rates on CDs are continually changing due to various market conditions. When you purchase a standard CD with a set term such as maturity date, early withdrawal penalty, etc., your options are fixed and non-flexible. The longer term CD that pays periodic interest payments is known as a periodic CD. A CD that pays at maturity is known as an interest at maturity CD.Most people put their savings in bank CDs because it is FDIC insured. Little do they realize the cost they are paying for this coverage. One out of every three year's interest goes to taxes, plus all the other "catches" the bank attaches to your CDs. 2) Insurance company Annuity Certificates (Annuities)Annuity Certificates are only issued by insurance companies. Annuity Certificates are safe and guaranteed by their reserves, billions of assets, by the world's largest life insurance companies. With an annuity certificate you get to keep the money you would normally pay Uncle Sam in taxes and draw interest on that money until you choose to pay taxes on the interest! This gives you triple compounding of your money. Interest on the principle, interest on the tax savings and interest on the interest. This is something bank CDs can't do! Other advantages of an annuity: 1. Tax-deferral, so potentially, you can earn more.2. No "renewable" surrender charges, as in a CD.3. You can avoid probate unlike a CD.4. Free annual withdrawal provisions.5. Waiver of surrender charges at death or due to confinement in a nursing home.6. Annuity interest rates are usually higher than CDs. Why insurance companies are safe:1. 100% + reserves required by law.2. Nature of reserves is highly regulated.3. Reserves are checked through state audits.4. Insurance company promises are backed by all the assets of the company.5. Insurance company insolvencies are rare.
Most annuity certificates are purchased from captive insurance agents who offer limited fixed annuities. Most CDs are purchased from bank representatives with little investment and planning expertise. We offer a wide range of annuity certificates from a long list of the top companies in the industry. We also work to find the bank certificate that suits you and your financial needs. We also continually monitor the financial market and provide you with up to date information. We would be glad to assist you, whether you are considering an investment at this time, or if you already own an Annuity, IRA or bank CD and simply need someone to answer your questions or to see if you can upgrade your current interest rate. We are also qualified to help you look at the big picture, ensuring that any Annuity, IRA or CD you own makes sense from a taxation, planning and investment standpoint.For complete details or if you would like to receive a bank CD, IRA or Annuity rate quote or comparison, please give us a call. CD, IRA, MUTUAL FUNDS AND FIXED ANNUITY ALTERNATIVES Tired of losing money with the ups and downs of the stock market?Tired of low interest rate CDs, IRAs, Fixed Annuities and Money Markets? Would you like to have higher returns but with guarantees?Everyone wants a higher return, but higher returns usually brings with it high risk and no guarantees. When your savings and retirement funds are involved, that's a difficult choice. It is time for your money to work harder and do more. You want peace of mind knowing your money is safe and will be there when you need it most. There is now a choice. An “Equity-Indexed Annuity Certificate” locks in stock market gains when the market is rising, but also protects your investment against any losses when the market is falling. That's right; your policy value is never reduced because of negative stock market performance. With an Equity-Indexed Annuity, your return is tied to the increase in one of several stock market indexes, such as the S&P 500. However, if the stock market goes down, you do not lose any of your money. In fact, most Equity-Indexed Annuities will even GUARANTEE you a minimum annual return (typically 3%). Even if the index you invested in goes down the entire time you are invested. Also, with an Equity Index Annuity you can receive:-Higher returns but with minimum guarantees.-Guaranteed 12 to 60 month yields.-Lifetime interest rate guarantees.-Guaranteed growth. -Safety of principal. -Monthly income-Penalty free withdrawals.-Tax favored growth.
Do you want to leave more money to your spouse, children or grandchildren? You can now upgrade your current investment and spend all of your money over your lifetime PLUS still leave it all to your family TAX FREE. This simple, safe and secure investment guarantees a competitive fixed interest rate return that is tax-deferred. Additionally, it provides a benefit that allows an additional amount of up to 100% of your money to be transferred to heirs tax-free.
Many people want to move their money to a better investment or upgrade their interest rate but still have months or years of penalties or surrender charges left. There are certain companies that will pay you up to 10% extra of your principal to move your money now. You can use this 10% to reimburse any penalties or surrender charges or help you recover up to 10% of any lost principal. You can also use this bonus to increase the amount of your savings by up to 10%.For complete details to learn more about any of these alternatives and how they can benefit you, please give us a call.
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