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In retirement income planning, focus on the long run. Research studies project 25% of 65-year-olds today will live past age 90, and 10% past age 95. An effective strategy anticipates income needs for decades.
Did you know that with certain claiming strategies, you can receive up to 32% more money for life? Discover ways to get the most out of your benefits with our Social Security planning knowledge and expertise.
Get the personal attention and expert guidance you need to make well-informed decisions for your future. Learn about powerful strategies for retirement income, wealth protection, tax reduction, legacy planning, and more.
The interest rates that an annuity earns largely hinge on two things: the type of annuity you have, and how the annuity is credited interest. Some annuities declare the interest rate ahead of time.
Other annuities earn interest based on ups or downs in an index, like the S&P 500 price index. Most annuities come with compounding interest. However, you may come across some contracts that offer simple interest growth.
If you are researching the potential for typical annuity interest rates, it’s important to know how annuities can differ by growth potential. Here's some crucial information to consider as you think through your potential options.
When it comes to annuities, people can have many questions. "What is the annuity exclusion ratio?" is a common one, especially for those considering immediate annuities. Many investors also ask about how the exclusion ratio may affect their tax burden in their retirement.
The exclusion ratio is an important number. It helps calculate the amount in each of your income benefit payments that won’t be taxable. Several investors like to know its basic ins-and-outs so they can get an idea of what their taxes will be.
What many people don’t know is that the annuity exclusion ratio may, in fact, reduce their overall tax liability. Since taxes can take a big bite out of retirement income, it certainly can pay off to understand this number and how it might impact you.
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