Avoid the mututal fund tax trap
There's no reason to pay taxes on money that you don't plan on spending. A majority of mutual funds turnover is 80%+ of the portfolio annually, therefore crating a lot of taxable short-term capital gains. Annuity tax-deferred growth may boost your overall performance.
Receive a lifetime income
If you have a goal to maintain an income stream, then we can provide choices. We will shop for compaies that offer riders to match when you estimate you may trigger the income benefit...
For example, one large insurance company offers a 10% rollup for a limited 7 yrs while another provides 6% for 10-20 years. You may pick a joint spousal income or single for a higher percentage. This income rider expense is near one percent per year.
Numerous carriers create an incentive for the initial investment with the agreement to stay with the annuity for the staed duration.
SPIA (Single Premium Immediate Annuity) for future income
This annuity guaranteed future income that offers an opportunity to create your own pension-like retirement. The owner makes an initial premium payment and sets an income start date in the future, and then receives guaranteed income payment for life.
Your annuity picks up where your 401k left off
If you are a saver and have fulfilled the max 401k, then the annuity is the most tax-efficient vehicle for additional deposits. Complement your qualified asset allocation model and a nonqualified fixed annuity interest rate for the downside protection.
Are you afraid of renewing a CD and locking in a new long-term duration to achieve a reasonable rate? Consider the annuity that provides choices such as 10% liquidity without penalty after year one. You can have access to your funds and withdraw on a predictable, gradual basis to spread out the taxable gains.
Rates, rates, rates
Bank savings accounts, money markets and credit unions all represent critical parking places for emergency funds and cash. The annuity will provide numerous ideas for better rates, such as the multiyear guarantee, fixed index with potential to achieve higher performance, or a variety of traditional fixed accounts to keep pace with inflation.
These above annuity strategies will help you accumulate assets for supplemental retirement income and provide you a lifetime income.
Our Advisors will be delighted to share your lifetime income guaranteed calculations with you when we schedule your private meeting.
4 Bay Area Offices:
San Fran: 1550 Noriega St Suite 100, SF, CA 94122
San Jose: 4320 Stevens Creek Blvd, Suite 191
(Tues/Thurs/Sat by Apptmt)
42808 Christy St, Suite 112
Oakland: 638 Webster St Suite 420 (Mon,Wed,Thurs)
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