By Rick White, Licensed Insurance Advisor
Most people want to protect their principal investments from the fluctuations of the stock market with fixed annuity options. However, many people don’t realize that they can easily roll over their IRA or 401K into a fixed annuity contract.
Rick White’s Insurance Company offers annuity contracts that his company allocated to make regular payments to the buyer. Rick explained, “This can be either immediately or at some date in the future, as these payments can be made monthly, quarterly, annually, or as a single lump-sum. Annuity contract holders can opt to receive payments for the rest of their lives or for a set number of years. The money invested in an annuity grows tax-deferred. When the money is withdrawn, the amount contributed to the annuity will not be taxed, but earnings will be taxed as regular income. There is no contribution limit for an annuity. Fixed annuities offer a guaranteed payout, which is typically a set dollar amount or a set percentage of the assets in the annuity. To qualify for the tax-free and penalty-free withdrawal of earnings, Roth IRA and 401K distributions must be withdarws must take place after age of 59½.”
To find out more about your options, contact Rick White Insurance today.
Rick White Insurance specializes in life insurance and Medicare options. Your family will always come first; you wouldn`t want them to have to bear the financial burden of your last days. No matter what your age, it`s always good to have a plan as to how you intend to cover these costs. Final expense insurance will pay for your funeral service and other associated costs.
Your standard of living is important to you. Should you be taken ill or suffer mobility problems further down the road, we want you to lead the most comfortable life you possibly can. Long term care insurance makes this possible. It also lifts the burden of care from those around you, improving the standard of living for everyone you hold dear.
Rick White Insurance professionals know about the benefits and pitfalls of group versus single insurance policies; employer sponsored health plans; term versus whole life and other insurance “gray areas” that customers often wish to better understand.
Rick White Insurance
The Agents of Rick White Insurance are experts in the field of insurance, serving Ohio, Kentucky, West Virginia, and Florida. Did you know that some insurance laws and plan prices differ from state to state? As an Independent Agency, they work with over 50 of the largest and most respected carriers in the industry. This allows Rick White Insurance Specialists to compare all companies at one time to help you get the best plan for your money, wherever you happen to live.
No matter what type of insurance you are looking to buy, it is important to Rick White Insurance that you get it right first time. This could save you a lot of stress—and possibly lots of money.
Licensed Insurance Advisor
Licensed In: OH – KY – WV – FL