Annuities: Planning Ahead

Retirement planning can be a bumpy road. With the uncertainty of the stock market and the likeliness of your hard-earned savings being taxed, you need the right investment vehicle. A fixed annuity is an excellent way to defer taxes and safely invest your money.

If you want to:

• Defer Taxes as much as possible on your savings and investments until you no • longer have work income
• Have a portion of savings in a conservative investment•
• *Avoid any up-front fees or transaction fees to reduce your earnings•

An option that meets all those requirements would be a basic Tax Deferred Annuity. Typically they require a minimum investment of $5,000 to start-up, although you can find some with smaller minimum requirements that have lower interest rates. Some annuities are set-up for a one-time lump sum deposit, while others allow you to add to them whenever you want. They are a very nice alternative to CDs for those who are approaching retirement.

Call FIFS at 267-384-5300 for more information and one of our Life & Health repre­sentatives will steer you in the right direction!

*Surrender penalties may apply for early withdrawals

FIFS Connection, Spring 2008, Vol.5, No. 1

Learn more about annuities.