A variable annuity is a contract between you and an insurance company, under which the insurer agrees to make periodic payments to you, beginning either immediately or at some future date. You purchase a variable annuity contract by making either a single purchase payment or a series of purchase payments.
A variable annuity offers a range of investment options. The value of your investment as a variable annuity owner will vary depending on the performance of the investment options you choose. The investment options for a variable annuity are typically mutual funds that invest in stocks, bonds, money market instruments, or some combination of the three.
Although variable annuities are typically invested in mutual funds, variable annuities differ from mutual funds in several important ways: First, variable annuities let you receive periodic payments for the rest of your life (or the life of your spouse or any other person you designate). This feature offers protection against the possibility that, after you retire, you will outlive your assets.
Second, variable annuities have a death benefit. If you die before the insurer has started making payments to you, your beneficiary is guaranteed to receive a specified amount – typically at least the amount of your purchase payments. Your beneficiary will get a benefit from this feature if, at the time of your death, your account value is less than the guaranteed amount.
Third, variable annuities are tax-deferred. That means you pay no taxes on the income and investment gains from your annuity until you withdraw your money. You may also transfer your money from one investment option to another within a variable annuity without paying tax at the time of the transfer. When you take your money out of a variable annuity, however, you will be taxed on the earnings at ordinary income tax rates rather than lower capital gains rates. In general, the benefits of tax deferral will outweigh the costs of a variable annuity only if you hold it as a long-term investment to meet retirement and other long-range goals.
Variable Annuities are long-term investment alternatives designed for retirement purposes. Withrdrawals of taxable amounts are subject to income tax, and if taken prior to age 59 and 1/2, a 10% federal tax penalty may apply. Early withdrawals may be subject to withdrawal charges. Partial withdrawals may also reduce benefits available under the contract as well as the amount available upon a full surrender. An investment in the securities underlying variable annuities involves investment risk, including possible loss of principle. Your contract, when redeemed, may be worth more or less than the total amount invested. Past performance is no guarantee of future results.
You should consider your investment objectives before investing into any product. Consider the risks, charges and expenses of the variable annuity and its underlying investment options carefully before investing. Price volatility, liquidity and other risks accompany an investment into variable annuities. The prospectuses for the variable annuity contain this and other information. This information should be reviewed prior to investing. You may obtain a free prospectus by calling your financial professional.
Information an/or opinions on any website other than that of www.themeckgroup.com do not necessarily represent the views or opinions of The Meckenstock Group, Osaic Wealth, Inc., or its staff and advisors. An individual should contact a financial professional or other trusted advisors before making any investment decisions.
IMPORTANT CONSUMER INFORMATIONA broker-dealer, investment financial professional, BD agent, or IA rep may only transact business in a state if first registered, or is excluded or exempt from state broker-dealer,investment adviser, BD agent, or IA registration requirements as appropriate. Follow-up: individualized responses to persons in a state by such a Firm or individual that involve either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made without first complying with appropriate registration requirements, or an applicable exemption or exclusion. For information concerning the licensing status or disciplinary history of a broker-dealer, investment, adviser, BD agent, or IA rep, a consumer should contact his or her state securities law administrator.
Check the background of this firm on FINRA’s BrokerCheck Here
Check the background of a registered representative Here
buy gucci vintage prada dress extra large corkboard ugg online sale stores drag me to hell wikipedia tack boards private dinner restaurant bondy blue le boulanger menu prices prada backpack used prada femme prada black reviews chatgpt poem openai chatgpt plus spiky fruit rambutan prada bowtie vinyl siding sales prada frank ocean prada au yokahama prada prada black notes yacht club hat prada patent loafer prada jibbitz prada inspired bag tods shoes outlet instagram anonymous followers repair prada bag chatgpt email virtul pet bolsa da prada prada lipstick skirt top prada making wigs botted instagram followers captain's hat 5k followers instagram prada bandoliera prada fuzzy bag food rosemont prada 15ws sunglasses puffling patrol tiendas de gucci purple prada purse prada rhinestone top building materials suppliers near me prada tall boots instagram followers report prada triangle earrings williams chicken fort worth tx www gucci ca komori digital press prada eyeglasses black carlucci's dupe prada bag prada discount code burlap colors big cork boards mosaic company florida locations carlucci long goatees designer clothes outlet make wig old prada bags chatgpt copyright yacht club hat microsoft buys chatgpt instagram followers reports prada bags on sale outlet prada original bag nike prada prada frank ocean chatgpt for seo rob thomas wife lupus meijs motorman for sale premium shopping outlets chatgpt alternative free prada wikipédia chatgpt for seo speqtrum prepress production services when i get older i will be stronger song printing concepts stow ohio instagram followers like official prada website escada outlet online prada outlet prices yellow prada shirt online brand outlet aaa pleasant holidays prada fine jewelry adidas prada superstar instareach instagram followers long goatee beards rushmax instagram followers prada leather handbags prada sweatshirt women www.gucci.com usa prada green sneaker authentic prada amazon prada bag instagram exact followers prada waikiki prada lingerie john lures long chin beard
Investment Advisory Representatives offering advisory services through Main Street Advisors, LLC, a registered investment adviser. Securities and additional advisory services offered through Osaic Wealth, Inc., a registered broker dealer and a registered investment adviser. Member FINRA/SIPC. All of the entities mentioned above are unaffiliated. Licensed to sell securities in the following states: AR, AZ, CA, CO, CT, FL, GA, IA, ID, IL, IN, KS, MD, MI, MN, MO, NC, NE, NV, NY, OH, OK, OR, PA, SD, TN, TX, UT, VA, WA, WI, & WY. The information provided herein has been obtained from sources believed to be reliable however we cannot guarantee or represent that it is accurate, complete or current. Because situations vary, any information provided on this site is not intended to indicate suitability for any particular investor. Hyperlinks are provided as a courtesy and should not be deemed an endorsement. When you link to a third party website you are leaving our site and assume total responsibility for your use or activity on the third party sites.
The Meckenstock Group is licensed for insurance in: Kansas, Colorado, Nebraska, Oklahoma, Florida, Ohio, Missouri, Arkansas, Iowa, Maryland.