Timothy Sumer

Here is a question I hear often – when is the best time to obtain a fixed annuity? By no means is there an exact science to timing as is also true for the amount for a fixed annuity. It is based on your individualized circumstances. And you don’t have to be approaching or in retirement to need a fixed annuity. Let’s learn the different ways and at which time a fixed annuity can be instrumental to you, whether in retirement or not in retirement. So, watch the video till the end to learn when a fixed annuity may be needed for purposes other than retirement. Please Subscribe and don't forget to press the bell, 🔔, like, comment and share. Stay safe and love all. 😍😘 Table of Contents: 00:00 - Introduction 01:13 - Type of Fixed Annuity While In Retirement 01:55 - Types of Fixed Annuities When Approaching Retirement 03:58 - Situation where Fixed Annuities are Right at Any Age 05:56 - What about a Fixed Annuity For Tax Planning? 06:56 - Fixed Annuities

How confused are you when I keep throwing out all of these terms or acronyms for a retirement annuity? See, I just did it again. Well, here it is, a crash course on fixed annuities and a thesaurus for annuity terminology for the annuity types. You can check out this video at any point in time and look at what the retirement annuity term or acronym means. Further down in the description, I will link several videos which will give you more the ‘dictionary’ explanation for the annuity types. Table of Contents: 00:00 - Introduction 01:01 - Retirement Annuity 01:58 - Guaranteed Income Annuity 02:13 - Longevity Annuity 02:30 - Tax Deferred Annuity 02:59 - Immediate Annuities 03:36 - Deferred Annuity 04:32 - Deferred Income Annuity 05:04 - Qualified Longevity Annuity Contract 05:59 - Multi Year Guaranteed Annuity 06:33 - Fixed Index Annuity Watch the video till the end to learn why a fixed index annuity is classified as a fixed annuity! Please Subscribe and

Sub Headline: Stretch IRAs Can Accomplish Double Duty for Your Retirement & Beneficiaries Synopsis: Individual Retirement Accounts (IRAs) have been around for more than 40 years through the Employee Retirement Income Security Act or ERISA. It’s a tax-deductible contribution plan that accumulates tax-deferred and is generally used for taxable retirement income. But there may be additional tax-advantaged distribution options that may benefit retirees as well as their beneficiaries. Content: IRAs accumulate tax-deferred, but not forever. Mandatory distributions come in to play at age 70½, where required minimum distributions (RMDs) or withdrawals are generated based on the Uniform Lifetime Table. Uncle Sam wants his due in taxes and RMDs are his way of extracting those taxes from your retirement plan. If distributions aren’t large enough, or if distributions are not made at all, a penalty tax of 50 percent of the amount that should have been distributed is generally asse