What are the advantages of fixed or equity indexed annuities?
Tax Deferred Growth. Annuities allow your money to grow tax-deferred. This means that all deposits plus interest earned grow tax-free: therefore, the compounding effect on your money is even more powerful than that of a taxable investment. Simply put, your money grows faster!Tax Reduction. Recent tax revisions on social security tax provide for a reduction in taxes by realigning municipal bonds and other investments into annuities. By contributing to certain qualified plans (such as IRAs or SEPS) in the form of flexible annuities, pre-tax income is reduced thus resulting in a tax savings.Competitive Interest Rates. Annuities typically yield a return 3% higher than that of certificates of deposit (CDs).Equity Indexed Rates. No loss of principal and interest gain from the S & P 500 and or NASDAQ.Liquidity. Most annuity products allow a withdrawal of 10% of the present balance without penalties or fees.Safety and Security. Unlike other riskier investments, annuities are virtually risk-fre
Tax Deferred Growth. Annuities allow your money to grow tax-deferred. This means that all deposits plus interest earned grow tax-free: therefore, the compounding effect on your money is even more powerful than that of a taxable investment. Simply put, your money grows faster! Tax Reduction. Recent tax revisions on social security tax provide for a reduction in taxes by realigning municipal bonds and other investments into annuities. By contributing to certain qualified plans (such as IRAs or SEPS) in the form of flexible annuities, pre-tax income is reduced thus resulting in a tax savings. Competitive Interest Rates. Annuities typically yield a return 1%-2% higher than that of certificates of deposit (CDs). Equity Indexed Rates. No loss of principal and interest gain from the S & P 500 and or NASDAQ. Immediate Annuities. This plan used mainly for Medicaid purposes. Liquidity. Most annuity products allow a withdrawal of 10% of the present balance without penalties or fees. Safety and Se
