At Black River Financial, LLC we are very knowledgeable in all types of fixed annuities. As an independent financial firm, we have open access to a long list of insurance companies and products. Equally important, we can help you better understand how a fixed annuity may, or may not benefit your individual retirement plan.
Types of Fixed Annuities - Fixed, Fixed Index, Immediate
Fixed Annuity Benefit Riders - Optional riders that can potentially reduce specific financial risks are available with many products. Examples include, but are not limited to, Life Income, Death, Return of Premium, Long Term Care
Fixed Annuity Review - Fixed Annuity Reviews are a valuable way for a client to re-visit existing contracts and review the riders, beneficiaries, and current rates.
We will review your contracts at no cost to you. Contact us today to see how we can help you.
Purchasing a fixed annuity within a retirement plan that provides tax deferral under sections of the Internal Revenue Code results in no additional tax benefit. An annuity should be used to fund a qualified plan based upon the annuity’s features other than tax deferral. All fixed annuity features, risks, limitations, and costs should be considered prior to purchasing an annuity within a tax-qualified retirement plan.
Bonus annuities may include higher surrender charges, longer surrender charge periods, lower caps, higher spreads, or other restrictions that are not included in similar annuities that don’t offer a premium bonus feature.
With the purchase of any additional-cost riders, the contract's values will be reduced by the cost of the rider. This may result in a loss of principal and interest in any year in which the contract does not earn interest or earns interest in an amount less than the rider charge.
Any distributions are subject to ordinary income tax and, if taken prior to age 59½, a 10% federal additional tax.
Guarantees are based on the claims-paying ability of the issuing company. Annuities are not appropriate for everyone.
Index annuities include significant conditions and restrictions which limit the amount of return an investor may receive compared to any increase in the index.
The Investment Center, Inc. and its respective representatives do not provide tax, accounting or legal advice. Any tax statements contained herein were not intended to be used for the purpose of avoiding U.S. federal, state or local tax penalties.