{"id":408,"date":"2023-03-28T23:29:54","date_gmt":"2023-03-28T23:29:54","guid":{"rendered":"https:\/\/core-benefits.com\/?page_id=408"},"modified":"2023-04-03T11:39:55","modified_gmt":"2023-04-03T11:39:55","slug":"annuities","status":"publish","type":"page","link":"https:\/\/core-benefits.com\/index.php\/annuities\/","title":{"rendered":"Annuities"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"408\" class=\"elementor elementor-408\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b44ef28 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b44ef28\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-0a41bb8\" data-id=\"0a41bb8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c4144ec elementor-widget elementor-widget-image\" data-id=\"c4144ec\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.9.2 - 21-12-2022 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"548\" height=\"432\" src=\"https:\/\/core-benefits.com\/wp-content\/uploads\/2023\/04\/LongTermCare.jpg\" class=\"attachment-large size-large wp-image-426\" alt=\"\" srcset=\"https:\/\/core-benefits.com\/wp-content\/uploads\/2023\/04\/LongTermCare.jpg 548w, https:\/\/core-benefits.com\/wp-content\/uploads\/2023\/04\/LongTermCare-300x236.jpg 300w\" sizes=\"auto, (max-width: 548px) 100vw, 548px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-051b616 elementor-widget elementor-widget-heading\" data-id=\"051b616\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.9.2 - 21-12-2022 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h3 class=\"elementor-heading-title elementor-size-large\">Long Term Care<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a7f1c05 elementor-widget elementor-widget-text-editor\" data-id=\"a7f1c05\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.9.2 - 21-12-2022 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>\u00a0<\/p><p>Thanks to the Pension Protection Act of 2006 (PPA) annuity -based products funded with after-tax (non-qualified NQ) money receive distinct tax advantages. Qualifying LTC expenses are distributed tax free.<\/p><h4>1035 Exchanges<\/h4><p>You can exchange an existing NQ annuity for one that is eligible for the PPA advantages via either a full or partial IRS code 1035 exchange. This is a Tax free event changing a regular annuity to a LTC annuity. In addition, the LTC annuity provides leverage over and above the base premium amount. For example, if the base premium is $100,000, the LTC annuity will be worth $200,000 or more in available LTC funds.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-33b05b5\" data-id=\"33b05b5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3bfd31b elementor-widget elementor-widget-image\" data-id=\"3bfd31b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"548\" height=\"432\" src=\"https:\/\/core-benefits.com\/wp-content\/uploads\/2022\/12\/chess2.jpg\" class=\"attachment-large size-large wp-image-163\" alt=\"\" srcset=\"https:\/\/core-benefits.com\/wp-content\/uploads\/2022\/12\/chess2.jpg 548w, https:\/\/core-benefits.com\/wp-content\/uploads\/2022\/12\/chess2-300x236.jpg 300w\" sizes=\"auto, (max-width: 548px) 100vw, 548px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-363247c elementor-widget elementor-widget-heading\" data-id=\"363247c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-large\">Fixed Annuities<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-da5a029 elementor-widget elementor-widget-text-editor\" data-id=\"da5a029\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>\u00a0<\/p><p>The key to financial security in retirement is having enough money to cover your expenses \u2014 and having confidence it will last your lifetime. When you add a fixed income annuity to your retirement strategy, you can gain confidence and security.<\/p><h4>Lifelong Income<\/h4><p>Only an annuity can guarantee a lifetime of income you can\u2019t outlive. Did you know you can also cover your spouse and have income for their lifetime too? What would you do with guaranteed lifetime income?<\/p><h4>Predictability<\/h4><p>Fixed annuities give the same amount of income on each payout, like a self-created pension. This predictability allow you to have peace of mind knowing when and how much income to expect and can help increase your budget for expenses.<\/p><h4>No Market Risk<\/h4><p>Retirement funds usually are associated with the stock market in some capacity. Fixed annuities have no link to the stock or housing market, so you don\u2019t have to worry about income distributions (realizing losses) in down market years.<\/p><h4>Income Taxes<\/h4><p>If you are funding your annuity with pretax money from a 401(k), IRA or tax-sheltered money (qualified money), all of your payouts are taxed. If you are funding your income annuity with your after-tax money from a bank account or non-tax sheltered money (non-qualified money), you owe ordinary income taxes only on the earnings in each payout.<br \/>Once you have received your entire initial premium back in payouts, all additional income payouts become taxable at your ordinary income tax rate<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-c602488\" data-id=\"c602488\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7abf604 elementor-widget elementor-widget-image\" data-id=\"7abf604\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"548\" height=\"432\" src=\"https:\/\/core-benefits.com\/wp-content\/uploads\/2023\/04\/investment.jpg\" class=\"attachment-large size-large wp-image-428\" alt=\"\" srcset=\"https:\/\/core-benefits.com\/wp-content\/uploads\/2023\/04\/investment.jpg 548w, https:\/\/core-benefits.com\/wp-content\/uploads\/2023\/04\/investment-300x236.jpg 300w\" sizes=\"auto, (max-width: 548px) 100vw, 548px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a99cc4 elementor-widget elementor-widget-heading\" data-id=\"6a99cc4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-large\">Indexed Annuities<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a7867ef elementor-widget elementor-widget-text-editor\" data-id=\"a7867ef\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h4>\u00a0<\/h4><h4>Guaranteed Income<\/h4><p>An optional Income Rider is available that allows you to create a guaranteed stream of income that can last as long as your retirement. The amount you receive can increase the longer you wait to start income payments.<\/p><h4>Growth Potential<\/h4><p>Pursue additional growth with Interest Credits that are based in part on the performance of an external market index.<\/p><h4>Protection from downside market risk<\/h4><p>Your money is not directly exposed to the risks of the stock market or individual stocks.<\/p><h4>Tax deferral<\/h4><p>Annuities provide the advantage of tax-deferred interest accumulation. You don\u2019t pay taxes on any growth until you withdraw money.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-cd763ab\" data-id=\"cd763ab\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c4ee5a4 elementor-widget elementor-widget-image\" data-id=\"c4ee5a4\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"548\" height=\"432\" src=\"https:\/\/core-benefits.com\/wp-content\/uploads\/2023\/04\/MoneyFan.jpg\" class=\"attachment-large size-large wp-image-429\" alt=\"\" srcset=\"https:\/\/core-benefits.com\/wp-content\/uploads\/2023\/04\/MoneyFan.jpg 548w, https:\/\/core-benefits.com\/wp-content\/uploads\/2023\/04\/MoneyFan-300x236.jpg 300w\" sizes=\"auto, (max-width: 548px) 100vw, 548px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b3166c6 elementor-widget elementor-widget-heading\" data-id=\"b3166c6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-large\">Immediate Annuities<\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fc37344 elementor-widget elementor-widget-text-editor\" data-id=\"fc37344\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>\u00a0<\/p><p>A Single Premium Immediate Annuity (SPIA) allows you to put a lump sum of money into a contract and immediately give yourself an income you can\u2019t outlive, guaranteed.<\/p><p>You can choose monthly, quarterly or annual income that allows you to have control over how often you receive the SPIA payout.<\/p><h4>Guaranteed income<\/h4><p>In exchange for a single purchase payment, you receive a stream of guaranteed income that begins immediately (up to 12 months after the date your contract is issued). You can receive guaranteed income for life, for a specific length of time, or a combination of both, depending on the annuity option you choose.<\/p><h4>Predictability<\/h4><p>A SPIA provides a reliable source of income that is not affected by fluctuations in the stock market. At the time you purchase a contract, you know how much income you will receive.<\/p><h4>Tax efficiency<\/h4><p>If you\u2019ve already paid taxes on the money used to purchase your annuity contract, a portion of each annuity payment will be tax-free, until the total amount of income you\u2019ve received equals the amount of your single purchase payment.<\/p><h4>Flexibility<\/h4><p>A SPIA offers you a certain amount of flexibility, including the ability to add an inflation protection rider that can automatically increase income payments by your choice of one, two, three, or four percent annually.<\/p><p><br \/>You can also adjust for a period certain which means you can decrease or increase the period of time you will receive income payments. And you can select an annuity option that includes beneficiary protection for a spouse or loved one that can protect your designated beneficiary in the event of your death.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Long Term Care \u00a0 Thanks to the Pension Protection Act of 2006 (PPA) annuity -based products funded with after-tax (non-qualified NQ) money receive distinct tax advantages. Qualifying LTC expenses are distributed tax free. 1035 Exchanges You can exchange an existing NQ annuity for one that is eligible for the PPA advantages via either a full [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-408","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/core-benefits.com\/index.php\/wp-json\/wp\/v2\/pages\/408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/core-benefits.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/core-benefits.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/core-benefits.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/core-benefits.com\/index.php\/wp-json\/wp\/v2\/comments?post=408"}],"version-history":[{"count":40,"href":"https:\/\/core-benefits.com\/index.php\/wp-json\/wp\/v2\/pages\/408\/revisions"}],"predecessor-version":[{"id":470,"href":"https:\/\/core-benefits.com\/index.php\/wp-json\/wp\/v2\/pages\/408\/revisions\/470"}],"wp:attachment":[{"href":"https:\/\/core-benefits.com\/index.php\/wp-json\/wp\/v2\/media?parent=408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}