With the recent concern over savings and investments, I thought it timely to include in my blog the recent Annuity News e-mailing that I send to my clients and friends ...

Think of your money as irreplaceable.  If you lose it, it is gone forever.  Therefore, you should treat your money just like you would treat your very pretty teenage daughter -- whenever your money is going out of your sight you want to know who it's going with, what it's going to be doing and when it's coming home.
 
The recent market decline has many people scurrying into CDs and current interest rates are low.  What about an annuity?  The annuity has been around for a long time.  It's an insurance contract offering safety coupled with tax-deferred interest rates.
 
An annuity is not meant for everyone, but if it fits, it might be worth considering.
 
For example, "The CD Crusher" is a single premium deferred annuity with

• 4.60% Interest Guaranteed for 3 Years
• Tax-Deferred Accumulation
• 3 Year Walk-Away
• Systematic Withdrawals Available
• "A" Rated Company  

It works similar to a three year CD except that the interest accumulates on a tax-deferred basis.  In other words, there are no taxes due until the money is withdrawn.  At the end of three years, you may withdraw the principle plus interest and then pay the taxes due.  Or you may roll it over for another three years at the then prevailing interest rates and defer the taxes until you begin withdrawals.
 
We have an educational video entitled "Understanding Your Annuity."  In addition, there's our Safe Money Advisory newsletter, full of insightful articles to help you plan better.
 
More about "The CD Crusher?"  E-mail to russ@futureseniors.com