A Fixed Annuity could earn a competitive rate of return and is guaranteed* for a specific period of time. Many investors utilize Fixed Annuities for short-term alternatives to banking or Wall Street savings products. All Annuities grow tax-deferred so you are not taxed until the earnings are withdrawn, which could provide a valuable tax reduction strategy when utilizing Fixed Annuities for Tax Deferral.
If we re-position assets into a Short-Term Fixed Annuity it is possible to reduce the overall amount of our taxable income, which may help in several areas of our tax return, including the possible reduction of Social Security taxation that could occur for those over the age of 62 1/2 that are currently drawing benefits.
Fixed Annuities are shorter in regards to term than other types of Annuities. All Annuities have surrender charges and withdrawal charges so we need to be careful that the money we position into a Fixed Annuity will not be needed for the entire term of the contract whether it is for 3-years or five.
We offer a complementary consultation which would include a Tax Analysis to see if you’re paying taxes on your Social Security Benefits and if there is a way to eliminate or reduce these taxes. If you’re CPA, Accountant, Financial Professional, or Tax Preparer have not laid out a detailed plan to lower your taxes, then a second opinion would be recommended.
Mike Albertson and Bryan Putt are Fiduciaries and Investment Advisor Representatives. We are obligated to put your interests ahead of their own. We don’t sell products, but rather offer solutions to needs such as income in retirement and the reduction of the systematic risk of the Stock Market. We specialize in all types of insurance products including Fixed Annuities, Variable Annuities, Index Annuities, Immediate Annuities, Hybrid Annuities, and Life Insurance.
* Guarantees are based upon the claims paying ability of the underlying insurance agency.
Annuities are best suited for long term investors. Any strategy utilizing investments carries an inherent element of risk. Withdrawals from an annuity prior to age 59 1/2 are subject to a 10% tax penalty in addition to income taxes on earnings.
Mike Albertson and Bryan Putt are investment adviser representatives of, and advisory services are offered through, USA Financial Securities Corp., a registered investment adviser. Member FINRA/SIPC. USA Financial Asset Management is located at 6020 E Fulton St., Ada, MI 49301. Tradewell Tax & Financial is not affiliated with USA Financial Securities.
The representatives of Tradewell Tax and Financial are authorized to transact securities-related business and investment advisory services only in states where they are properly registered. For investment advisory services these states include: (Mike:FL, IN, KY, OH, SC) (Bryan: IN) Clients who are not residents of these states cannot be serviced. This website is not intended to provide investment, legal, or tax advice, nor to effect securities transactions or to render personal advice for compensation. Tradewell Tax & Financial is not engaged in the practice of law. All insurance recommendations offered through Indiana Tax Advisory Group, Inc. Mike Albertson is President of Indiana Tax Advisory Group, Inc.
There are no assurances that you will achieve your investment objectives. All investment strategies have the potential for profit or loss. Changes in investment strategies, economic conditions, contributions, or withdrawals may materially alter the performance of your portfolio. Past performance is no guarantee of future success. We cannot guarantee that a portfolio will match or outperform any particular benchmark.
Recommendations and advice are based on information provided by the client that is presumed to be accurate. The financial planning process is not stagnant and must be adjusted based upon changes in the client's personal and financial situation, liquidity needs, investment objectives, and risk tolerance. Clients are responsible for notifying us immediately if their personal and financial circumstances or goals change.