A Flexible Tax-Advantaged Vehicle

 

There are many reasons to purchase an annuity.  One example might be to prevent becoming a burden to your children.  Another might be to help pay for nursing home expenses.  Some enjoy the idea of a supplemental retirement income.  A recent survey concluded that 83% of those polled stated that they purchased an annuity in the event they lived beyond their life expectancy.  However, annuities are not only for the case of living too long --- they can be used for several other purposes.

DSG Benefits Group can help illustrate the advantages of annuities and how they can help contribute towards your financial future. 

“DSG understands our specific needs. They have well-established provider relationships, they’re proactive and responsive, and they continue to exhibit an educator’s philosophy with easy to understand, comprehensive analysis and reports”

Don Girard
Treasurer and Chief Financial Officer
National Banner Company, Inc
.

Annuities

 

The following features show the advantages of a fixed annuity and whether it should be a part of your financial portfolio.

Lifetime, Dependable Income

  • An annuity is a contract between an individual and an insurance company.  Within this contract is an agreement that the company will pay a guaranteed income to the annuity holder in exchange for their contract payments.  Among other factors, the level of income is dependent on interest rates and the length of time until income distribution begins.

Superior Flexibility

  • An annuity can be customized to meet the contract owner’s specific needs.  Depending on the terms of the contract, an annuity owner has free reign to decide when and how they want to receive income.  The duration of income payments can be determined in advance.  Some annuity owners choose the highest income option for their lifetime only, while others appreciate the security of a joint and survivor benefit for their heirs.

Tax Benefits

  • Because there are no legally mandated distributions from an annuity, your investment reaps the benefit of tax-deferred accumulation.  While annuity premiums typically are not tax deductible, earnings grow tax-deferred, and ordinary income taxes are due only upon withdrawal.

Purchasing an annuity can ensure that there will be enough income to last throughout retirement, and also take care of any unexpected expenses. 

There are many different types of annuities, such as:

FIXED ANNUITIES

IMMEDIATE ANNUITIES

LIFETIME ANNUITIES

DEFERRED ANNUITIES

Contact DSG Benefits Group today and find out if an annuity is an appropriate vehicle for your financial future.



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