Your retirement nest egg is vulnerable to many risks, such as:
Annuities, a type of retirement protection investment tool, can help counteract those risks by providing you with the following:
| Predictable payments | An annuity pays fixed guaranteed income payments for a predetermined period, which could be as little as 12 months, your entire life or until the death of your spouse or other-named beneficiary. |
| Tax-deferred growth | Tax-deferred means you do not pay taxes until you make a withdrawal. Also, you will pay taxes only on the amount you withdraw. The remaining amount will continue to grow on a tax-deferred basis. Since an annuity allows investment gains to accumulate tax free, it can grow at a faster rate than a taxable product. |
| Death benefits | In case of a death-benefit provision, you can name a beneficiary. The named beneficiary, either person or entity will receive the remaining fixed annuity after your death. |
MacMillan Estate Planning’s approach to asset and investment protection planning centers around providing you with a low risk, reliable source of income that is safeguarded for you and your family. With annuity rates at an all time high, we recommend all families closely consider the risk busting benefits of an annuity.
We currently have an annuity in our offerings that provides over 5% return for an 18-month period, which is a great short term investment option to help weather the uncertainty over the coming months.
Should you have any further questions about annuities or would like to see if an annuity arrangement could benefit your estate, please call us on 1-833-266-6464 or email us on inquiry@macmillanestate.com to book a complimentary appointment.