ANNUITIES & RETIREMENT

ANNUITIES

Investors buy Annuities to ensure they have income to live during retirement. An Annuity represents a series of fixed-amount payments paid at regular intervals over time.

An Annuity is a contract between you and an insurance company that requires the insurer to make payments to you, either immediately or in the future. You buy an Annuity either with a single payment or a series of payments over time. Similarly, your payout may come either as a lump sum payment or a series of payments over time.

Annuities provide three things:

  1. Periodic payments for a specific amount of time - this may be for the rest of your life or the life of your spouse or another person.

  2. Death benefits - if you die before you start receiving payments, the person you name as your beneficiary receives a specific payment.

  3. Tax-deferred growth - you pay no taxes on the income and investment gains from your annuity until you withdraw the money.

Call FILA and Associates today for a NO OBLIGATION CONSULTATION - CONFIDENTIAL - FAST - FREE QUOTE

(office) 954-533-1023 

(mobile) 561-619-1340

enjoylife@FILAandAssociates.com

and ask about:

* Death Benefit Annuity 

* Cash Value Annuity

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401(k)

A 401(k) is a retirement savings plan sponsored by your employer. It lets you save and invest a portion of your earnings before taxes are taken out. You don't owe taxes until the money is withdrawn from the account. With a 401(k), you control how your money is invested. Most plans offer a variety of mutual funds composed of stocks, bonds and money market investments.

IRAs

An Individual Retirement Account (IRA) is a tax-advantaged investing tool that individuals use to earmark funds for retirement savings. There are several types of IRAs:

  1. Traditional IRAs

  2. Roth IRAs

  3. Simple IRAs

  4. SEP IRAs

Whether you choose a Traditional or ROTH IRA, the tax benefits allow your savings to potentially grow, or compound, more quickly than in a taxable account. An employer sponsored savings plan such as  a 401 (K), might not be enough to accumulate the savings you need for retirement.

 

Fortunately, you can contribute to both  401 (K) and an IRA. 

FILA and Associate can help you determine an appropriate option and determine how much you can contribute.

Give FILA and Associates a call today for a NO OBLIGATION CONSULTATION - CONFIDENTIAL - FAST - FREE QUOTE 954 - 533 - 1023 or email us enjoylife@FILAandAssociates.com

"Enjoy life, knowing you are PREPARED..."

Fritz Anderson