Fraternity-Testvériség, 2000 (78. évfolyam, 1-4. szám)
2000-04-01 / 2. szám
FRATERNITY Page 9 From the Secretary’s Office Introducing Annuities How to make your money grow! Earlier this year, the HRFA began offering to its members an expanded portfolio of several new financial products, including annuities. What are Annuities? An annuity offers tax-deferred retirement income with either a one-time (single premium) or a series of periodic payments (flexible premium). It offers competitive interest rates; however, taxes are not paid on the interest until the funds are withdrawn, starting monthly at the date of maturity or upon death. The cash value of the annuity may be withdrawn all or in part at any time. Through our annuities, you can select a payment option that will guarantee a payment for life. You can also select a payment option which provides remaining payments to your beneficiary if you die before you have received all guaranteed payments. Why are Annuities safe? Fixed annuities involve less risk than other asset-building tools. The insurance company offering the annuity guarantees your principal, so you don’t face the investment risk associated with the stock market, for example. Your state insurance department supervises insurance company operations within your state. Any insurance product, including annuities, must be filed with that department prior to its sale. What is the benefit of Annuities being tax-deferred? There is greater potential of tax-deferred earnings with annuities than with a taxable investment. Assume an initial payment of $10,000 and an interest rate of 5% and, on the taxable investment, annual federal income tax payments at the 28% tax rate. The HRFA’s Single or Flexible Premium Deferred Annuities With a minimum of payment of $3,000, you can invest in a single (one-time payment) or flexible (series of periodic payments) deferred annuity with the HRFA earning interest at a rate of 6.5%* Call your agent or our home office today to start providing for your future income needs. Remember—it’s never too early to start saving for your retirement years! *annual percentage yield—subject to change HRFA On-Line! Following the need for technological progress and trends in e-business, the HRFA launched its website in the fall of 1997. As the content and services offered by the site increased, so have the number of visitors. Currently, we have about 1,000 hits on the site each month from individuals across the country, and possibly the globe. Members and non-members alike can currently receive useful and interesting information about: • The history of the Federation • The Kossuth House History and slide show about the previous three Home Office buildings. • The Bethlen Home Nursing Home and Retirement Cottages in Ligonier, Pennsylvania. • HRFA Publications Back issues of the Fraternity/Testvériség and the Bethlen Almaimé on-line. • Kossuth House Social Club Activities of the cultural wing of the HRFA and its Washington, DC branch. • Insurance and Benefits Information about our different financial products, as well as membership benefits. • Purchasing an Insurance Choose your desired policy, calculate the rate, and apply online, or locate and contact your nearest agent. • The Management The National Officers and Board of Directors. Our site also contains a great deal of information and resources for our members. Among others, you may: • Find out about Hungarian educational opportunities, summer schools and camps. • See what events are happening in your local community. • Change your address on-line. • Find out which member has a birthday today. • Find out who are our 50-year members. • Follow links to your local news and weather, as well as to other Hungarian-related sites. We are constantly updating the content of the site, offering current information about special activities and offers. Please visit us at http://www.hrfa.org/ and let us know what you think of this site! Sándor Vegh, Webmaster Endre Csornán, Secretary
