How do you envision your Retirement? Sandy beaches, warm sun and adventure? For many, retirement is a scary concept if you haven’t planned for it. A time tested solution in helping you reach your retirement goals may include an Annuity in your portfolio in addition to other financial products. While your other financial products may outperform an annuity and accumulate faster, many financial products are not built for Lifetime income whereas annuities can guarantee you an income for life.

Annuities have been around for 2000 years. The Ancient Romans are credited with producing the first “Annua” which were lifetime stipends made once a year in exchange for a lump sum payment. Since then annuities have evolved and become very popular for consumers looking for guarantees, safety and lifetime income*. Annuities are insurance contracts that, when annuitized, make regular payments to you either immediately or in the future.

Annuities

You can purchase an annuity to help grow and protect your retirement savings or provide an income you cannot outlive. There are at least 3 types of annuities- Fixed, Indexed and Variable and some may be immediate or deferred. Different tax categories apply.

Fixed Annuity

An insurance contract with a fixed interest rate for the duration of the contract period.

Indexed Annuity

An insurance contract with the potential to earn interest, based in part, on an underlying index. Principal and interest earned are locked in and not exposed to Market volatility.**

Variable Annuity

A contract that allows you to choose from a selection of investments and then pays an income in retirement. The value of a Variable annuity is determined by the performance of your investments. Variable annuities are typically associated with costs; including mortality and expense fees, mutual fund sub-account management fees, contract maintenance fees, and other miscellaneous costs

Annuities can be a nice addition to your portfolio depending on your risk tolerance, time horizon,
financial goals, liquidity needs and objectives.

*Annuity guarantees are based on the claims paying ability of the insurer

**Assuming no withdrawals during the withdrawal charge period. Rider charges continue to be deducted regardless of whether interest is credited

Annuities have withdrawal charges that are assessed during the early years of the contract if the contract owner surrenders the annuity. In addition, withdrawals prior to age 59 1/2 may be subject to a 10% Federal Tax Penalty. All withdrawals made from annuities with pre-tax contributions are taxed as ordinary income. All withdrawals from an annuity purchased with non -qualified monies are taxable as ordinary income only to the extent there is a gain in the policy.

VARIABLE ANNUITIES ARE SOLD BY PROSPECTUS ONLY, WHICH CONTAINS MORE INFORMATION. PLEASE READ IT AND CONSIDER CAREFULLY THE PRODUCT’S OBJECTIVES,RISKS,EXPENSES AND CHARGES BEFORE YOU INVEST OR SEND MONEY. THE PROSPECTUS CONTAINS THIS AND MORE INFORMATION ABOUT THE INVESTMENT COMPANIES. SECURITIES AND ADVICE REGARDING SECURITIES CAN BE OFFERED SOLELY BY REPRESENTATIVES REGISTERED TO OFFER SUCH PRODUCTS OR SERVICES THROUGH A BROKER/DEALER OR REGISTERED INVESTMENT ADVISER.

Bottom line: Annuities are a popular choice if you are looking for guarantees, locked in gains and lifetime income. For more details contact PFIS

PRAETORIAN FINANCIAL & INSURANCE SERVICES

SERVING SALINAS, MONTEREY, CARMEL AND SANTA CRUZ AREAS

CA LIC# 0K13710

At Praetorian Financial and Insurance Services INC, we believe that insurance is an integral and necessary commodity that should not be undervalued or ignored. Planning ahead for risk, loss, or catastrophe is the reasonable and financially responsible action one can take to adequately protect what they care about most.

Life is uncertain, unpredictable and out of our/your control. But what we/you can control to a degree is the financial impact experienced during a time of loss. When a life altering event strikes suddenly and without warning, you can have a measure of comfort and peace of mind. Call PFIS today or schedule your free consultation and protect what matters most.

Office Location

Contact

Praetorian Financial & Insurance Services Inc.
369 Main St #207
Salinas, CA 93901
(831)540-5472