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Hopewell, NJ 08525

Phone: 609-309-5822

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Annuities & Retirement Planning

Accumulate Funds for Your Nest Egg  

Chances are you have mixed feelings about retirement. You’re looking forward to a more rewarding and relaxed lifestyle but you’re concerned about building a retirement nest egg. Social Security and company sponsored pension plans will supply some of the income you need after you stop working. But you know personal savings and investments will also be needed to build a solid foundation for retirement.

Use annuities to bridge the retirement savings gap

 A popular choice in retirement planning, an annuity is an insurance contract issued to you by an insurance company. You purchase an annuity with one initial payment or a series of payments, and the issuing insurance company agrees to pay you an amount of money in the future. Payment options include lump sum, income for life, or income for a certain period of time.

Annuities are popular because earnings are tax-deferred, annuities offer a number of different contribution and distribution options; and there’s no limit to the amount of money you can invest in an annuity.

Single Premium Immediate Annuity

 A Single Premium Immediate Annuity provides a periodic income which begins after the mode selected (monthly, quarterly, semi-annual and annual) when the policy is issued.

In a Single Premium Immediate Annuity, a lump sum of money is paid in and you are guaranteed to receive a series of payouts over a period of time. The amount of the payout is determined by both the current interest rate at the time the contract is issued and by the payout option chosen.

Single Premium Deferred Annuity

 A Single Premium Deferred Annuity (SPDA) is a policy that combines accumulation and interest to provide an income that is available on either a qualified or non-qualified basis. SPDA is available to fund a traditional or Roth IRA.

In a deferred annuity, the single deposit is left to grow until the owner decides when to begin a systematic stream of income payments. There are many payout options available to choose from including a lifetime payout that you cannot outlive.

Flexible Premium Deferred Annuity

 A Flexible Premium Deferred Annuity (FPDA) combines accumulation and compound interest to provide a retirement income. This accumulation and future income is available on either a qualified (IRA etc.) or non-qualified basis. FPDA is available to fund a traditional or Roth IRA.

In a flexible premium deferred annuity, the deposits are left to grow until the owner decides to begin a systematic stream of income payments. There are many payout options available to choose from including a lifetime payout that you cannot outlive.