Library

4
Sep

Fixed Annuities Tailored for Seniors

While fixed annuities provide both safety and tax deferred interest accrual for millions of retirement savers, the annuity owners cannot avoid taxation indefinitely. This is perhaps their chief disadvantage, as all interest income that is distributed from an annuity is taxed at the annuity owner’s top marginal tax bracket.

4
Sep

Favorable Times to Withdraw Money From Your Fixed Annuity

While fixed annuities provide both safety and tax deferred interest accrual for millions of retirement savers, the annuity owners cannot avoid taxation indefinitely. This is perhaps their chief disadvantage, as all interest income that is distributed from an annuity is taxed at the annuity owner’s top marginal tax bracket.

3
Sep

Don’t Need Your Annuity? Use It to Buy Life Insurance for Your Beneficiary

When you purchase a deferred annuity all taxes on its earnings are tax-deferred. If you don’t need your deferred annuity, you can leave it for your beneficiary upon your death. Unless the beneficiary is your spouse, he’ll have the option of cashing it some time within a 5 year period, or taking if over his remaining life expectancy. But he’ll have to pay tax on the earnings at his income tax rate.