PEACE OF MIND AND STABILITY
If you are looking for a safe and predictable way to ensure a comfortable retirement? Fixed annuities might be the solution you've been searching for. This is designed to provide guaranteed returns and steady income, fixed annuities can help you secure your financial future without the worry of market volatility.
Imagine Having a Stress-Free Retirement With Fixed Indexed Annuity
Indexed Universal Annuity offers a solution to the fear and uncertainty of retirement by providing guaranteed income, growth potential without market risk, and tax advantages. It allows you to secure your future, ensuring a stress-free retirement where you can enjoy life without financial worries.
Uncertainty about Market Volatility
People often stress about how stock market swings could affect their savings. A fixed indexed annuity can help with this by providing more stable growth and protection from big losses.
Complexity and Confusion of Financial Products
There’s a real concern about running out of money during retirement. Fixed indexed annuities can provide a steady income for life, so you don’t have to worry about your savings drying up.
Fear of Outliving Savings
There’s a real concern about running out of money during retirement. Fixed indexed annuities can provide a steady income for life, so you don’t have to worry about your savings drying up.
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Why You Should Choose Fixed Annuities
It provide numerous benefits that make them an attractive option for anyone planning their Future
Guaranteed Income
Receive a predictable and stable income for life, no matter what happens in the market. Without this, you risk unpredictable income and financial instability.
Tax-Deferred Growth
Your investment grows tax-deferred until you start receiving payments, maximizing your savings. Without this benefit, your savings could be significantly reduced by taxes
Safety and Security
Protect your principal investment with a low-risk financial product designed to keep your money safe. Many people without fixed annuities face the risk of losing their principal investment.
Flexible Payout Option
Choose from various payout options, including lifetime income or fixed-period payments, to fit your unique financial needs and retirement goals
Death Benefit
Your investment grows tax-deferred until you start receiving payments, maximizing your savings. Without this benefit, your savings could be significantly reduced by taxes
Ease of Management
Fixed annuities offer a set-it-and-forget-it approach, simplifying retirement planning by providing consistent, hassle-free income without the need for active management
What you need to know about us
I’m Madhu Budati
Financial Consultant
I was born and send for higher studies in India and have immigrated to US 18 years ago through an IT job when my father couldn't afford to send me higher studies in US. I have been doing IT consulting roaming from one city to another. I am personally married and have two girls ages 13 and 7. I always wanted to build my own business but didn't want to risk too much of money. Financial services business which was introduced to me by a friend felt right for me in terms of money in the industry and purpose
Frequently Asked Questions
How much should you pay for an annuity
If an annuity is a good fit for you, the purchase amount will depend on your financial needs and goals. Annuities are a long-term contract, so it’s important to be sure you won’t need the money for other financial commitments or unexpected expenses. Your financial professional can help you determine whether an annuity makes sense as part of your overall retirement strategy, and in what amount.
How are annuities taxed?
Some common retirement-account tax rules apply to annuities – but not all of them. Let’s begin with tax deferral: Because the money you place in an annuity grows income-tax-deferred, you don’t have to pay income taxes on any interest or gains until you take money out of your contract. Any distributions from your annuity will be taxed as ordinary income. But – as with IRAs, 401(k)s, and pension plans – if you take money out of your annuity before age 59½ you’ll have to pay an extra 10% federal additional tax on top of any ordinary income tax. Please consult your tax advisor for guidance about your unique situation.
Are there required minimum distributions (RMDs) on annuities?
Nonqualified annuities (those held outside a retirement account) are not subject to RMDs beginning at RMD age. That’s because nonqualified annuities are purchased with money on which you have already paid income taxes. However, if you purchase an annuity within an Individual Retirement Account (IRA), you’ll have to take RMDs beginning at RMD age. You should also be aware that some annuity contracts require you to start distributions at a certain age (generally between 85 and 100) – so it’s important to ensure that the contract meets your long-term goals. A tax advisor can help you understand the tax implications of buying an annuity.
Do annuities tie up your money ?
There are different kinds of annuities. Some give you immediate access, while others have a waiting period. Contracts that require waiting a specific period of time before you take money out are called deferred annuities. Typical deferral periods can range from three to 10 years. After the deferral period, you can annuitize the contract (this means you start receiving money through scheduled lifetime payments, or “annuitization”). Some annuities also let you take free withdrawals during the deferral period, up to specified amounts. But it’s important to understand your contract – because if you take out more money than it allows before the deferral period ends, you will likely incur a surrender or withdrawal charge and market value adjustment (MVA).
What is a market value adjustment?
A market value adjustment (MVA) is a calculation we use to adjust your annuity’s withdrawal amount. An MVA may adjust the withdrawal amount up or down, depending on the interest rate conditions when you take distribution(s) compared to those conditions when you contributed your premiums. But while the MVA can affect your withdrawal amounts, it can never cause your contract’s cash surrender value to be less than the guaranteed minimum value or greater than the accumulation value.
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