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Home Retirement Annuities Annuities - Your Retirement Security
Annuities - Your Retirement Security


Are you worried about your life after retirement? Are you dreaming to have a safe and secure future? Yes you can make your dream come true by investing your hard money in annuities. Annuities are excellent financial vehicles that boost your retirement security. These valuable tools allow you to live a financially strong life and where you can efficiently and effectively manage the risk of outliving your assets.

“A financial contract between an insurance company and the policy holder (purchaser) that provides for a series of payments at regular intervals to be received for a number of years or over a lifetime. Earnings of annuities grow tax-free until payouts begin, which is usually around 65. Annuities are hybrids of insurance and investments.”

In an annuity agreement there are two parties, namely insurance company and annuitant. Generally annuities deal with wealth accretion and retirement planning problems faced by almost all people. Broadly annuities can be classified into two main categories qualified annuities and non-qualified annuities. Qualified annuities are applied to support a tax-qualified retirement plans like conventional IRA or an HR-10. Mainly the amount of premiums paid for qualified annuities is tax-deductible. Annuitants are free to transfer their funds from any other funds to qualified annuities without dropping off any tax advantages.

If you invest your funds for the purpose of wealth hoarding, non-qualified annuities are best option to choose. Non-qualified annuities provide long term income i.e. assured income for life. Annuitants invest funds in non-qualified annuities to support cash accumulation programs that do not qualify for a prominent tax deduction. At the time of withdrawal of funds from non-qualified annuities, annuitants will only have to pay tax on the accumulated interest, not the principal. In case of both qualified and non-qualified annuities, premiums for all times accumulate interest and specifically free of current income tax until drawn back.

For more information regarding annuities please call the AnnuityForLife.com experts toll-free at 1-888-261-6237.