The role of annuities in your plan

Annuities provide periodic payments for a specific amount of time, possibly for the rest of your life or the life of your spouse or another person. If you die before receiving payments, your beneficiary receives a specific payment. You don’t pay taxes on the income and investment gains from your annuity until you withdraw the money.


Are annuities for you?

People often go the annuity route to ensure a steady flow of income in retirement. There are several types to choose from. A fixed annuity promises you a minimum rate of interest and a fixed amount of periodic payments. A variable annuity allows you to direct your annuity payments to different investment options. Payout amounts vary. Indexed annuities combine features of securities and insurance products.


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Immediate annuities are often purchased by people of any age who have received a large lump sum of money and want to swap it for cash flow into the future.


Why United Wealth Management

We’ll share with you the various situations in which annuities make for an appropriate investment choice.
 
Fixed and Variable annuities are suitable for long-term investing, such as retirement investing. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the issuing company. Withdrawals made prior to age 59 ½ are subject to a 10% IRS penalty tax and surrender charges may apply. Variable annuities are subject to market risk and may lose value.
 
 
 
 
 
 
 
 
 
 

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