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Tom Meaglia, ChFC®, AEP®,

CLU®, CRPC®, MSFS

Chartered Financial Consultant

Investment Advisor Representative

Chartered Retirement Planning Counselor

CA Insurance Lic. #0567507

 

Meaglia Financial Consulting

2105 Foothill Blvd., #B140, La Verne, CA 91750

 

Toll Free: 800-386-3700

Bus:         909-593-6105

Cell:         818-681-8600

Fax:         909-593-6120

 

Email: tom@meagliafinancialconsulting.com

Website: www.meagliafinancialconsulting.com

March/April 2018

Annuities for Retirement

Annuities for Retirement

An annuity is an insurance contract to which you pay a lump sum or multiple premiums in exchange for regular, immediate or future payments. Most annuities offer a guaranteed interest rate in the beginning years, followed by rates that are determined by general market interest rates.


Deferred or Immediate


There are two ways to receive annuity payments: immediately or deferred. The latter is a date specified in the insurance contract. With either annuity, you choose how long you want to receive fixed payments. They usually last from 10 years on up or as long as you live.
Some retirees buy fixed annuities in return for certainty—knowing that they can count on fixed income payments over time, regardless of what may happen with other investments, which can fluctuate in value. Other annuity owners who choose a lifetime benefit option want to ensure some regular income in addition to Social Security benefits, should they live long lives.


Tax-deferred earnings


Another benefit with either type of annuity is its tax deferral on earnings. You pay income taxes on your withdrawals, not as your fixed annuity balance grows. This tax deferral benefit can make a fixed annuity compare favorably to a similar investment that is immediately taxable. Talk to a financial professional to learn if an annuity might fit your financial situation.
An annuity may impose charges, including surrender charges, mortality and expense risk charges, administrative fees, underlying fund expenses, and feature charges that can reduce the value of your account and the return on your investment. You will have to pay federal income tax on earnings you withdraw from the annuity. Payments and guarantees are subject to the issuing insurance company’s claims-paying ability. Underlying investment options are subject to market risk and may lose value.


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Thomas Meaglia is an Investment Adviser Representative of Coppell Advisory Solutions LLC, dba, Fusion Capital Management, a registered investment adviser that only conducts business in jurisdictions where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. The firm is not engaged in the practice of law or accounting.
Insurance and annuity products are not sold through Fusion Capital Management. Fusion does not endorse any annuity or insurance product, nor does it guarantee any insurance or annuity performance. Annuity and life insurance guarantees are subject to the claims-paying ability of the issuing insurance company. If you withdraw money from or surrender your contract within a certain time after investing, the insurance company may assess a surrender charge. Withdrawals may be subject to tax penalties and income taxes. Persons selling annuities and other insurance products receive compensation for these transactions. These commissions are separate and distinct from Fusion's investment advisory fees.
Meaglia Financial Consulting and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.

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