Annuities

So you’ve taken all the steps to protect yourself from disaster due to medical conditions and it’s time to think about how to protect your finances over the long term. What has that CD that you’ve rolled over for 10 years done for you? The rate of interest for a CD is virtually always less than that of an annuity, and many annuities offer guaranteed rates. Certain annuities offer an option of paying monthly interest to you, some offer bonuses for satisfying certain requirements such as leaving it for 5-10 years then taking 10%/year (that is an example, different annuities offer different terms). Because annuities are tax deferred your money multiplies faster. But before you decide there are a number of questions you must ask yourself.

What do you want your money to do for you?
Do you need this money to live off of?
Do you need the interest generated from this on a monthly basis?
Do you have other liquid assets to access in the case of an emergency?
Where is this money now?
What % rate are you currently getting?
Are you satisified with that % rate or would you like more?

Do you qualify as an annuity candidate?

Principle 100% protected [ you can never lose your money]
Tax Deferred [ the interest earned is not taxable, unlike a CD which is taxable each year]
Avoids Probate [ many people do not realize what is involved with probate and how it delays proceeds from reading your beneficiary]
Accessibility [ you can access up to 10% of your money each year without penalty (in some cases more)]

Schedule An Appointment → 443-529-9109

This is a proprietary website. and is not, associated, endorsed or authorized by the Social Security Administration, the Department of Health and Human Services or the Center for Medicare and Medicaid Services. This site contains decision-support content and information about Medicare, services related to Medicare and services for people with Medicare. If you would like to find more information about the Medicare program please visit the Official U.S. Government Site for People with Medicare located at http://www.medicare.gov

Disclaimer: I/We do not offer every plan available in your area. Any information I/we provide is limited to the plans I/we do offer in your area. Please contact Medicare.gov or 1-800-Medicare to get information on all of your options.