Pendo Insurance | Common Annuity Mistakes
Your Annuity May Be Working Against You
Many annuity owners assume their money is safe, growing, and protected. However, taxes, fees, withdrawal restrictions, and beneficiary mistakes may affect your retirement savings.
Get your free guide to learn about common annuity mistakes and make more informed decisions about your retirement.
Don't Make These Common Annuity Mistakes!
Annuities can help retirees pursue tax-deferred growth and retirement income, but it's important to understand their features, benefits, and limitations.
Our free guide, Avoiding Common Annuity Mistakes, explains:
Tax Planning – Learn about potential annuity tax penalties and tax-planning strategies.
Access to Your Money – Understand withdrawal options and how to access funds without annuitizing.
Trust Ownership – Learn about potential issues with naming a trust as the owner of your annuity.
Beneficiary Planning – Understand beneficiary designations and their potential tax implications.
Legacy Planning – Explore ways to plan for the transfer of your assets to loved ones.
Common Queries & Answers
1. What is an annuity?
An annuity is a contract with an insurance company designed to provide income in the future in exchange for premium payments.
2. Can an annuity provide retirement income for life?
Some annuities offer lifetime income options, depending on the contract and selected benefits.
3. Can an annuity protect my money from market losses?
Fixed annuities and certain fixed-index annuities offer principal protection subject to the contract terms and the insurer's claims-paying ability.
4. How can I avoid unnecessary annuity taxes?
Understanding withdrawal rules, ownership, and beneficiary designations may help you plan for potential tax consequences.
5. Can I access my money before retirement?
Access depends on your annuity contract. Withdrawals may involve surrender charges, taxes, or other penalties.
6. How can I get the free annuity guide?
Complete the form with your contact information to request your free guide to avoiding common annuity mistakes.
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