AnnuitiesWe employ annuities in innovative ways to achieve a variety of client goals. Used as estate planning and wealth strategy tools, some of our annuities accumulate value on a tax-deferred basis prior to the payout phase. Alternatively we can structure an annuity to be a source of lifetime income for retirement, or to become the engine that funds other financial goals.
USING FIXED ANNUITIESSimon, Altman & Kabaker Financial & Insurance Services employs fixed annuities to guarantee a fixed rate of return. Additionally, interest rates are guaranteed for one or three years.
USING DEFERRED ANNUITIESIf your mission is to accumulate maximum assets, then we may recommend structuring a deferred annuity. This allows funds to grow during a client's working years on a federal tax deferred basis. Over time, the compounding effect of investing the money that would have been used to pay federal tax becomes significant.
PAYOUTPayout options must be flexible to accommodate a variety of estate planning and retirement planning requirements. The annuities we structure can be paid out as an immediate income annuity or as a deferred income annuity. For example, if a client received a lump sum payment and needed to create a lasting income stream, we might select a single premium immediate annuity. That way, the money would be invested and would immediately begin generating income.
Alternatively, we may recommend supplementing other retirement income with funds disbursed from a deferred annuity established years ago as part of the long term estate plan. The client pays federal income tax only on withdrawal of earnings.
To find out how our Annuity Department can help, please contact Jerry Simon at 818 380-1010 or email email@example.com.