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07/31/2018

Comments Off on WHAT IS AN ANNUITY? /

WHAT IS AN ANNUITY?

In planning for financial security in retirement, an annuity cansatisfy two basic objectives:

1. To accumulate retirement assets on a tax-deferred basis: If you’re alreadycontributing the maximum to IRAs and any employer-sponsored retirement plans andneed to save more for retirement, a deferred annuity may be the answer to yourretirement savings need.

2. To convert retirement assets into an income that you cannot outlive: On theother hand, if you’re near or at retirement, an immediate income annuity can be used toconvert existing retirement assets into a lifetime income.

An annuity is a long-term savings plan that can be used to accumulate assets on a tax-deferred basis for retirement and/or to convert retirement assets into a

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Featured Blogs

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07/31/2018

REVERSE DISCRIMINATION OF QUALIFIED RETIREMENT PLANS

Did You Know That… 

Qualified Retirement Plans Tend to Discriminate AGAINST the Highly Compensated? Read more

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07/28/2018

What if #Q, #QAnon and #TheGreatAwakening are Real?

What if #Q, #QAnon and #TheGreatAwakening are Real?

By this point you may have heard Read more

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07/20/2018

The Top Ten Books For Entrepreneurs

While I might not be in the best shape physically today, or at least in the kind of shape that I would prefer, I will say that my mind today is sharper than ever before.  One

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06/13/2018

How the Opiate Crisis Disproportionately Impacts the Veterans’ Community

America’s opiate crisis has reached epic proportions. Reuters has recently Read more