Tax Deferred Annuity Information New Jersey

Tax Deferred Annuity Investment Info

We offer innovative tax deferred annuity products. An
annuity offers unique benefits such as tax deferral and
can also help to dramatically reduce the chances of
outliving your savings.

Annuity Advantages

Tax Deferred Annuity Advantages - Taxes

You pay no taxes while your money is compounding. You can also pay
a lower tax on random withdrawals because you control the tax year in
which the withdrawals are made and only pay taxes on the interest
withdrawn.

Fixed (Tax Deferred Annuity)

A fixed tax deferred annuity, also referred to as a tax-deferred annuity,
is a contract between you and an insurance company for a guaranteed
interest bearing policy with guaranteed income options. The insurance
company credits interest, and you don't pay taxes on the earnings until
you make a withdrawal or begin receiving an annuity income. Because
fixed annuities invest your premiums in interest bearing obligations,
you receive a lower return in comparison to equity indexed annuities,
since interest rates historically trail stock market returns.

Tax Deferred Annuity Advantages - Savings

Many people today are using a tax deferred annuity as the foundation of
their overall financial plan. By postponing the taxes your money
compounds faster because you can earn interest on dollars that would
have otherwise been paid to the IRS. Later, you can decide to take a
monthly income and your taxes will be less because they were spread
out over a period of years. An annuity has a penalty for early surrender
but most annuity contracts have a limited withdrawal provision that
permits the contract owner to withdraw a certain percentage each year
without a surrender charge.

RLM Agency offers experienced tax deferred annuity investment services
throughout northern New Jersey. Click on the link below to fill out a
contact form for receiving more information about Tax Deferred Fixed
Annuities. Or you can speak with our Financial Services specialist at
(201) 704-6682 to discuss the annuity features in more detail.

Click here to fill out a

Tax Deferred Annuity

contact form

We are a Pompton Lakes, NJ insurance agency offering experienced
New Jersey tax deferred annuity services in the following towns, cities
and counties in northern New Jersey: Garfield, Saddle Brook, Elmwood
Park, Preakness, Paramus, Bergenfield, Englewood, Teaneck,
Maywood, Bogota, Hackensack, Teterboro, Little Ferry, Moonachie,
Leonia, Palisades Park, Fort Lee, Englewood Cliffs, South Hackensack,
East Rutherford, North Bergen, Ridgefield, Secaucus, West New York,
North Arlington, Kingsland, Nutley, Rutherford, Belleville, Carlstadt,
Woodridge, Lyndhurst, Wallington, Lodi, Rochelle Park, Bloomfield,
Montclair, Great Notch, Totowa, West Paterson, Little Falls, Verona,
Cedar Grove, North Caldwell, Singar, Fair Lawn, Glen Rock,
Hawthorne, Wayne, Haledon, River Edge, Tenafly, Cresskill, Closter,
Oradell, Emerson, Ridgewood, Midland Park, Westwood, Waldwick,
Wyckoff, Franklin Lakes, Pompton Plains, Lincoln Park, Old Tappan,
Hillsdale, Oakland, Pequannock, Lake Hiawatha, Jersey City, Hoboken,
Elizabeth, Union City, Livingston, West Milford, North Haledon,
Bloomingdale, Butler, Clifton, Hudson County, Union County, Essex
County, Sussex County, Morris County, Bergen County, and Passaic
County, NJ.

Bonus Rates

Some annuities award investors with bonuses at the
end of the annuity's first year such as extra interest
that further increases your investment. Bonus rate
products may impose higher fees and charges and
longer surrender periods than contracts that do not
provide the bonus feature.

No-Penalty Rollovers

Company pension or profit-sharing plan payouts may
be reinvested without incurring current taxes or
penalties.

No probate in case of death, as long as you specify
beneficiaries.

Which means your family will find it easier and less costly to obtain
the value of the annuity.

Shelter Investment Earnings

Retired people can use annuities to shelter investment earnings that
would otherwise lead to taxation of Social Security benefits.

**The information, pictures, and other content in this website about particular
insurance services or financial services is only provided for informational
purposes. Any decisions regarding your insurance and financial needs should
be discussed with a licensed insurance agent or financial professional.

Investing in stocks, bonds, mutual funds and variable annuities does
not guarantee a profit. All of these investments can lose money.
Stocks, bonds, mutual funds and variable annuities are not FDIC
insured.

Guaranteed Income

An annuity can provide you with a guaranteed lifetime
income regardless of how long you live. Guarantees
are limited to the claims-paying ability of the issuer.

Unlimited Contributions

Unlike other tax-advantaged investments such as IRAs,
you can contribute an unlimited amount of money to an
annuity during the year, whether in periodic
installments or a lump sum. Individual insurance
carriers may place a ceiling on the total amount you
can put into an annuity without approval.

At withdrawal Annuity holders pay a tax on the growth portion of the
annuity on last in first out accounting basis. If you are under 59 1/2 and
need to pull your contributions out, the IRS will get 10% and, the
contract writer will ask for a "surrender charge" between 5 and 10%.
Better writers have declining surrender fees at lower percents, and
allowances for 5-15% emergency withdrawals without penalties. You
cannot borrow against your contributions, but Uncle Sam will let you
transfer the funds to another insurance company without penalty (let
your accountant handle this, if the check comes to you first you could
be in trouble).

Withdrawal & Early Withdrawal