 
Tax-deferred annuities can be a smart
addition to your retirement planning picture.
About Annuities
Annuities are an
investment vehicle designed to help you save for retirement and
provide retirement income. During the accumulation phase you can
make unlimited contributions and your earnings will grow
tax-deferred until withdrawal. At distribution, you can opt for a
lump sum or monthly payments for life or a specified period.
Benefits
Tax
advantages - Earnings grow
tax-deferred and no annual tax reporting is required until
withdrawal. Your tax consultant may be able to leverage annuities to
help you avoid probate process and delays.
Flexibility - You determine the
contribution amount and payout options that best fit your current
and planned financial lifestyle. Unlike IRA and other retirement
plan options, distributions are not mandated at a certain age and
will not reduce your Social Security income prior to distribution.
Types of Tax-Deferred Annuities
- Fixed annuity -
provides a guaranteed rate of return on investment.
- Indexed
annuity - is "indexed" to the stock or bond market and provides a
guaranteed minimum return.
- Variable annuity - has a rate of
return that varies depending on the type of investment accounts in
which you place your funds.
-
Immediate annuity -
is usually purchased with a single premium where income payments
typically begin soon after the annuity is purchased.
For more
information about the advantages and options available to you with
tax-deferred annuities, contact Fairfield County Financial Services at (203) 431-7530 or toll-free at 1-800-776-6518, ext. 7530.
Investment and
insurance products are offered through INFINEX INVESTMENTS, INC.
Member
FINRA/SIPC. Infinex
and the Bank are not affiliated. Products and services made available through Infinex
are not insured by the FDIC or any other agency of the United States
and are not deposits or obligations of nor guaranteed or insured by
a bank or bank affiliate. These products are subject to
investment risk, including the possible loss of value. Top of
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