William Penn Life, 2010 (45. évfolyam, 1-12. szám)
2010-03-01 / 3. szám
It’s that time of year again APRIL 15TH IS RIGHT AROUND THE CORNER, and for many of us, we are spending our weeks at our day jobs and some weekend time working on our income taxes. Financially, some of us are simply trying to find a way to stretch our paychecks to meet the increasing demands of life such as food, shelter and transportation. We may ask ourselves if this is all there is? The answer is no; there is much more to life—family, friends, church, hobbies, charity work, etc. These present diversions that make life worth living. Prioritizing this list is a personal choice, but ensuring a rich and full life requires careful thought and planning. This is even more important because so few companies are providing any retirement plans. Many companies have shifted that burden to the employee. On the positive side, that means that we can control our retirement planning for the kind of future we want to lead. With that opportunity comes responsibility; if you fail to plan you will surely be planning to fail. With the tax deadline just over a month away, this is a great time to investigate whether a Traditional or Roth IRA makes financial sense. Qualified plans are ones that are eligible for either a tax deferment or tax deduction. It is important for you to consult your financial advisor or tax professional to understand how an IRA or annuity can be a building block for a successful retirement. Regardless of your age, annuities can be a great way to either start your nest egg or add to an existing plan for your future financial security. Whether you are saving for your future or helping to start your child or grandchild on a lifelong course of financial security, your thoughtfulness will last a lifetime. More so than at any time of year, this is a great time to plan for your future financial health. Important questions to consider include: • How long do I want to work? • When can I afford to retire and what do I want to do such as travel, pursue hobbies, etc? • What options do I have for building the income necessary for my future needs? The WPA offers both Qualified and Non-Qualified IRA and annuity plans. Our interest rates are some of the highest available. WPA does not charge a management fee; every dollar is invested in your account. We offer several different plans, including five- and nine-year plans which pay higher rates but have a surrender charge for early withdrawal. We also offer our members a No-Surrender Annuity that provides for a lower interest rate but no penalties from the WPA if the money needs to be withdrawn. Qualified annuities are designed as retirement plans, and for that reason the government provides the tax deduction. That is also the reason that if you withdraw money early, the IRS imposes a penalty. The WPA stands ready to help you and your advisor with investments in any of our annuity plans. Please call your WPA sales professional, call the Home Office tollfree at 1-800-848-7366 or visit our website at wivw.williatnpennassociation.org. We look forward to serving all of your insurance and annuity needs. Doug Miller is the Executive Assistant to the National President Make Your Money Work For You! WPA Annuity and IRA products provide an excellent retirement savings and income opportunity with the safety and security of an organization that has served our members for 124 years. There is no better time to plan for your future and watch your nest egg grow! 9-YEAR ANNUITY with a current interest rate of 4.75% Make withdrawals after 9 years with no WPA penalties. 5-YEAR ANNUITY with a current interest rate of 4.25% Make withdrawals after 5 years with no WPA penalties. Rates guaranteed for six months. Early surrender charges may apply. For more information contact your WPA Sales Professional or call the Home Office toll-free at 1-800-848-7366, Ext. 120. 4 William Penn Life, March 2010
