Senior Spectrum
Newspaper
Nov 2008
Our Other Publications
Generation Boomer
Magazine
on-line
Golden Pages
Directory
Financial
Take a closer look at fixed annuity
Retirement is one of your biggest, most important financial goals. When choosing vehicles to help you accumulate your retirement nest egg, you may want to consider the advantages of a tax-deferred fixed annuity.
It may provide some certainty
Although an annuity can be fixed or variable, the subject of this discussion is fixed annuities, which 
offer a guarantee of both principal and interest with a stated fixed rate of return and a death benefit. If the annuitant (typically you) dies before payout, your beneficiaries will receive all the purchase payments plus any accumulated earnings (since all guarantees are based on the claims-paying ability of the issuing company, be sure the company is financially sound).
Making every penny work
As the name implies, earnings in a tax-deferred annuity accrue without current taxation until you receive them (withdrawals generally are subject to ordinary income taxes, and withdrawals prior to age 59 1/2 may be subject to a 10 percent federal tax penalty). Earnings can stay invested and, as a result, you may enjoy greater long-term accumulation potential than with a similar but currently taxable account (annuities are subject to insurancerelated fees, charges and expense whereas non-annuity accounts are not. Also be aware that some deferred or contingent sales charges may last for many years).
Is a fixed annuity for you?
Call me - I can provide you with more information and help you decide whether a fixed annuity might play a role in your retirement program.
Matt V. Fiamengo is a qualified member of Million Dollar Roundtable. He is a Chartered Life Underwriter and a Registered Health Underwriter. Phone him at (775) 851-8838.) or e-mail: MattProClu@earthlink.net
Securities offered through ExPrSS Securities; P.O. Box 640; Russellville, AR 72811, 800-951-1708. Member FINRA & SIPC)