Tax Planning and Annuities
Fortify your retirement plan with positive tax planning.
For many individuals looking for a qualified retirement planner, the words "tax planning" and "annuity" are becoming an ever more popular combination to maximize future retirement income while guaranteeing the safety of their principal. This is in part due to the special features of the tax-deferred annuity, which allows you to defer current income taxes and maximize gains by compounding principal and interest that would have otherwise been subjected to immediate taxation.
While an annuity can provide long term control in creating and adjusting retirement income, there are many other tax planning options you could have access to depending on your age, net worth, income and distribution requirements. For some a successful tax plan can be as simple as ensuring you have maximized contributions to your 401k, 403b, and IRA, or converted your existing retirement plan at an early age to a Roth IRA.
For others, there are a number of options to minimize future tax liabilities for your heirs. Some of these might include the creation of a deferred annuity with complimentary term rider (an added life insurance policy designed to help pay taxes due at death), or the strategic annuitization of all or part of an annuity to minimize tax liabilities by controlling distribution amounts.
Whatever your unique situation may be, a qualified planner and member of the Annuities Institute can help you get the most from your tax planning and annuity decisions. For a friendly interview complete the form below, or call toll free 1-888-429-3070 to arrange a personalized initial telephone introduction with an experienced advisor near to you. |
