Broward county Medicare

Broward county Medicare

medicare supplement plans florida
Broward County Medicare
Annuity
Fixed annuities are issued by Insurance carriers. Guarantees are based on the claims-paying ability of the insurance carriers.

Early withdrawals may be subject to surrender charges. Withdrawals may be subject to ordinary income tax and, if taken prior to age 59, a 10% federal tax penalty may apply. Fixed annuities are not insured or guaranteed by the FDIC or any other government agency.
Fixed Annuity
A flexible payment, fixed-rate, individual deferred annuity, combines the power of compound interest with the safety your client needs. Payments invested today accumulate tax deferred. Unlike some fixed-rate investments, there are no current income taxes due on interest that remains within the contract. Interest is taxable as ordinary income when withdrawn or paid from the contract. For tax purposes, withdrawals come first from interest then principal. Upon annuitization, the interest portion of each annuity payment is taxable for the year in which the annuity payment is made.  If you're in a lower tax bracket at annuitization than during the accumulation period, you mayrealize a tax savings by the tax-deferred treatment of the interest.
Flexible Premium
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