Bethlen Almanac 2000 (Ligonier)
Az amerikai egyháztestekben - In other denominations
Introducing Annuities How to make your money grow! 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 onetime (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 It offers competitive interest rates; however, taxes are not paid on the interest until the funds are withdrawn, starting monthly at the date of maturity or upon death. The cash value of the annuity may be withdrawn all or in part at any time.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 179
