What is an Annuity Exchange?
Investing for the future is not a one-step process. If you aren't re-evaluating your retirement saving plans from time to time, you might be missing out on chances to save on taxes or increase your savings.
An annuity exchange allows you to simply move some of your retirement savings plans and/or existing annuities into an annuity that might offer enhanced benefits or even new benefits your existing plans don't offer.
Why is an annuity exchange so important?
Older retirement savings plans and annuities may not offer some of the benefits that are available on newer annuities. Your existing retirement savings plans may be confusing, complicated, difficult to manage or may incur high management fees or limit your investment options -- essentially undercutting your return. With thousands of potential retirement dollars on the line, are you sure you're getting the most out of your retirement savings?
An annuity exchange gives you the power of choice. Provision Financial can help you find an annuity that may better suit your retirement needs. Through an annuity exchange, you can move the money in your existing retirement plan and/or annuity into a new annuity without tax implications. If you're managing multiple retirement assets, you can consolidate them into one for ease of management and superior returns. You can even get a guaranteed lifetime income that you can't outlive. This may mean a better retirement for you!
Our Annuity Exchange services
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We'll evaluate your current plans. We'll see how your current plans are performing and if they're helping you achieve your retirement goals. If not, we'll help you find a new plan that will.
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Get a guaranteed income for retirement. You get to choose how you'd like to receive your retirment money -- a lump sum, payments for a fixed number of years or even for the rest of your life
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Earn interest. Most annuities return at a rate equal to or greater than certficiates of deposits and other retirement plans
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No market risk. With an annuity, you'll earn interest when the market is up but you won't lose any money when the market is down.
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Deferred taxes. Contributions to your annuity are not taxed until you withdraw or receive payments.
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Qualify for Medicaid. Annuities can shelter assets, allowing you to qualify for Medicaid more easily without sacrificing quality of life.
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Avoid probate. When you pass away, your loved ones will receive your annuity funds without having to waste time and money through the probate process.
Your current retirement plan may not be up to date and you could be missing out on many benefits and
thousands of dollars. Obtaining a free annuity exchange consultation by filling out our quote form.