Variable Annuities

Maximize your potential return with stock market participation while putting Uncle Sam on hold!

Variable annuities provide the opportunity for market appreciation—through a variety of investment options—with tax-deferred accumulation and future income.

Variable annuities are designed for people willing to take more risk with their money in exchange for greater growth potential. While there is more risk associated with a variable annuity, many variable annuities offer guarantees of principal and downside protection at an additional cost (depending on contract rider availability). However, these guarantees do not apply to the investment performance or safety of amounts held in the variable investment options.

A Variable Annuity is commonly selected in an effort to increase potential return.

• Provides a monthly payout based on a variable interest rate, dependent on market performance of the underlying portfolio you choose.
• Offers multiple options for payout, including an income stream for life.
• Provides a return of your original investment (principal) through withdrawals or a death benefit.
• Can specify payouts for a fixed period of time or for life (annuitization).
• Tax deferred.
• Best for investors with medium to high risk tolerance who seek maximum growth potential.

What Does Variable Annuity Mean?

An insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio.

Variable Annuities offer:

• Tax-deferred Growth Potential: Taxes are deferred on earnings until money is withdrawn.
• The Opportunity for Market Appreciation: A variety of investment options are available.
• Access to Account Value: Most variable annuities allow withdrawal of a portion of your account value without penalty. Higher withdrawals, typically 10% of principal, may be subject to a contingent deferred sales charge within the first several years of any contribution, and if taken prior to age 59½, will be subject to a 10 percent IRS penalty.
• Benefits to Beneficiaries: Death benefits paid directly to a named beneficiary, potentially avoiding probate.
• Benefits to Spouses: Spousal beneficiaries may continue the contract and its tax deferral, if this option is chosen.

Variable annuities have become a part of the retirement and investment plans of many Americans.

 Before buying any variable annuity, however, you should find out about the particular annuity you are considering and talk to your financial advisor.

If you have questions please email me at anecamara@mintcofinancial.com

Or give us a call at 813-964-7100 or 716-565-1300

www.MintcoFinancial.com