b"The Bottom Line: AnnuitiesBy Mark Melkowski602-793-6493 or mark@eagleadvisorygroup.comW ell, I would like tobased on the current rate, but the one difference is the gain is congratulate everyonetax-deferred, unlike a CD. The third type is a variable annuity, as we move one monthwhich for comparison is like a mutual fund, and this type closer to the America we lovemay fluctuate with the market. The last type is called a fixed and respect. Today I would likeindex annuity. This type is indexed to the S&P, or severalof your principal from market loss. Secondly, they lock to talk about annuities. I doother indexes and it gives you a potential gain of the market,in the gains, and once locked they cannot be lost due to many educational workshops throughout Arizona andwith no downside risk if the market goes down.the market, and third, if properly designed, annuities can when I do speak, the topic of annuities always comes up. Igive you an income that will last as long as needed. Most am continually puzzled by some of the questions and theAnnuities were and are structured to protect your lifeproperly designed annuities will be there for you during misinformation that I hear.savings so that you do not run out of income duringyour retirement years. your retirement years. Another question I usually get is, First, in the simplest terms, an annuity is a contract betweencan I get my funds out of an annuity? The answer is yes,One question I ask all people who attend any of the you, or you and your spouse, and an insurance company.most companies allow 10% per year to pull out if needed.educational classes I teach is do you insure your house? Annuities have a rich history dating back to Ancient Rome.If you do proper planning this will help enhance yourYou all know the reply is a resounding yes. Then why dont Many Americans today currently use annuities to help theirincome needs. Are there fees inside annuities? Yes, in somewe insure our most precious asset, which is our income? A retirement savings grow and to create protected incomeannuities and there are also spreads, caps, and participationcouple of other things annuities can and will do for you are that can help cover expenses and manage the sequence ofrates so again the key is to properly design the annuity toto address the sequence of return issues, and if you are not returns, inflation, and market risk.your comfort level. addressing the sequence of returns you should begin now. Also, annuities can help with inflation, long term care, and The one question that is often asked is how many annuitiesAnother question that comes up is what happens to myprotection of your principal.are there? Well, that is a loaded question because there arefunds upon death? Well again if properly designed they will many annuities and companies' marketing annuities but inbe passed down in full value to your spouse, or your heirs. IfIn the end, with the state of our economy and current world general, there are only four types of annuities. your annuity is an IRA make sure that you understand theevents, it would be very prudent of you to at least consider SECURE Act of 2019, and how these funds will be passedexploring how annuities can give you peace of mind. I First, there is an SPIA (single premium immediate annuity).down to your spouse or children because some thingswould encourage you to contact me at arizonafs.com or call This is best described as a pension-like annuity; it will paychanged with this new legislation.me at 602-793-6493. I would love to give you an American the annuitant a monthly income which is based on theirRetirement Institute workbook and design a retirement age and the amount of premium for the rest of their lives,This is like a Readers Digest version on annuities and theblueprint for you so that in your retirement there will be no and maybe even their spouses life if properly designed. Thereason that annuities have become so popular over the lastguessing about achieving your retirement goals, needs, and second type is a fixed annuity which is almost like a CD. Thisten years or so, are for a few powerful reasons. I like to referdesires while making sure that your retirement assets go to type of annuity will pay interest on the amount every yearto them as green money. First, they protect the integritythose you love.12 September 2020"