The split annuity is a very tax efficient
and intelligent investment vehicle, typically using
what is known as a single premium deferred annuity
and a single premium immediate annuity. Within the
split annuity, the immediate annuity repays you a
set sum of money each and every month over a specified
period of time. The other annuity is left in place
to grow on a fixed interest basis, with the goal
being that by the time your monthly payments are
depleted, the deferred annuity will be fully restored
to your original starting principal. You can then
restart the process with prevailing interest rates
or reevaluate your retirement and investment strategy
as needed.
The limits placed on the use of a split annuity
are typically related to the issuing ages of the
annuity policies, usually 0-85 for non-qualified
funds (you have paid taxes on them) and 0-70 for
qualified money (you have not yet paid taxes on them).
The immediate income period can range anywhere from
3 to 20 years, depending on your principal, insurance
carrier, current rates and the objective of the split
annuity.
The split annuity can also be used as an exceptional
asset management tool to ensure fixed or regular
payments are met automatically over a set period
of time. For a fixed mortgage payment as an example,
the income portion of the split annuity can be credited
to an account that is automatically debited for the
monthly amount. The deferred annuity is simultaneously
rebuilding the principal in the background, set to
restore your original amount over a set number of
years.
For more information on how to use a split annuity,
or to receive a customized financial projection based
on your specific requirements, contact us today for
a personalized, no-obligation interview. Our planning
members excel at providing objective, independent
advice, ensuring you can get the most favorable plan
possible utilizing annuity products that maximize
your income growth and financial security.
Feel free to contact us for a no
obligation, no cost analysis of your
investment portfolio. Our clients benefit
from our counsel and process of customized
service. We are not just selling a single investment
or idea. DeSpenza Capital Management, LLC is
proposing a serious investment process by which
you can manage you money for a lifetime. Please
contact us for a free Complimentary
Consultation to discuss diversification
opportunities for income, savings, and legacy.
This intro page gives you a brief synopsis
of each investment category of service we offer.
Complimentary
Consultation
877-337-7369
email: adespenza@despenza.com
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