Tax advantages
With qualified retirement plans like 401(k)s and 403(b)s, where your contributions are tax deferred, you pay taxes as you use the funds, including the capital gains tax and income taxes. When you purchase an Index Income Annuity, the growth and compounding interest grows tax deferred. Once you begin withdrawing income, you will need to pay income taxes on the earnings, but your principal comes back to you with no tax liability.
Never Lose Money In a down market
Most all Index Income Annuities today guarantee your principal, lock in interest credits from previous
years, and provide a guaranteed minimum annual rate of return (usually 4-6%) on that total. This gain is often compounded year after year and when the financial/stock markets go down or take a loss daily, monthly, quarterly, or yearly; You never lose money, income, or principal!
Many Index Income Annuities offer Premium Bonuses
They can range from 3 to 11% of the original premium contributed. Some companies even continue this for any additional premium deposits made over the next 1-7 years. This bonus really can enhance your overall growth and long-term Guaranteed Income from your annuity.
No More Making up for a Market Loss
When you have part of your portfolio in a Guaranteed Index Annuity you never have to worry about making up losses from one bad year in the financial markets. Why? Because your money is held in escrow care of a “Big, Strong, Safe”, A-Rated” financial company that insures your money and this is important to having the lifestyle you want in your later or retirement years.
So, one of the things I know for sure is that long term financial planning starts today…right where
you are! Building this type of tool is relatively easy and there are several ways to fund this type of Guaranteed Safety and Protection for your financial future.
1st Capital can help give you the ability to keep your Financial Lifestyle on track and we can help you through email, Zoom or however you prefer.
Contact (312) 952-8040/Cell * 312-836-3800/Office * [email protected] * www.1stcig.com, follow on LinkedIn, Instagram and Twitter/Chewsviews