Why invest in a variable annuity?
If you’re looking to secure your future beyond your working years, the government wants to help. You have many options for saving and investing your money, but when it comes to long-term planning, the IRS has special rules that let you save on a tax-deferred basis. Combine tax deferral with the long-term growth possibilities inherent in stock and bond investments and you have an ideal retirement funding vehicle… you have a variable annuity. Available to anyone seeking a retirement savings vehicle, variable annuities have many advantages: • Tax deferral: You pay no tax on earnings until withdrawal. • Potential for long-term growth of your money: You’re able to invest in professionally managed portfolios referred to as sub-accounts. • Income for life: You can be guaranteed a retirement income you can’t outlive. • Taxes are due upon withdrawal or distribution: A 10% federal tax penalty may apply to withdrawals before age 59-1/2 in addition to ordinary income tax. The questions and answe
