ANNOUNCING NEW RELEASE OFFER* ANNUITIES [CONTINUED FROM PAGE 64]
is completely up to you. There are no set payment amounts or schedules. Variable annuities have many fees, and additional options can be pur- chased at an additional charge. Fixed annuities don’t have fees because the annuity’s costs are factored into the plan and reflected in the interest rate provided. Be sure to shop around for rates. Keep in mind, surrender fees also apply. Deferred annuities even can pay a form of matching contribution (simi- lar to a company’s 401(k) match) on top of each deposit if you find one with a “bonus” feature. There also are equity-indexed annuities — fixed versions that pay an interest rate that floats with the direction of the stock market. The principal amount doesn’t decrease, and a minimum return is guaranteed. Equity-indexed annuities are complicated, so be careful when you shop for one of these. There is no tax deduction for money deposited in an annuity. There is no annual deposit limit as there would be with an IRA. The value grows tax-deferred, and the gain — not the principal — is taxed upon withdrawal as ordinary income. CD-like annuities pay interest — and lock up your money, as a CD does. They are known as single-pre- mium annuities — a single lump-sum deposit upfront. They are deferred annuities because there is no imme- diate income stream upon deposit. However, an income stream is an op- tion should you choose to use it that way in the future. There also are surrender fees asso- ciated with this annuity. You still have the same age-59½ withdrawal limita- tion you’ll find with the flexible premi- um, deferred, variable/fixed annuities. Because this annuity is tax-deferred, taxes are not paid on the interest pay- ments until money is withdrawn from the account.
2O11 SILVER AMERICAN EAGLES
Eagles is here! For a limited time you can order this extra- ordinary coin at a special new release price...only $45.00. In addition, order today and shipping is FREE.
T (800) 323-5055
*Price shown may currently be higher or lower depending on the silver market price.
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he anticipated release of the new 2011 Silver American
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JULY 2011 MILITARY OFFICER 73
2O11
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