Long Term Care |
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Benefits of PPA compliant Fixed Annuities:
How are you going to fund your
future Long-Term Care Expenses? To learn more about Long Term Care, please contact John Harty. 415-407-4991 ![]() John Harty is a registered representative with, and Securities and Advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. |
Do You Own an Annuity?
Use your Annuity to pay for Long Term Care with Tax-Deferred Dollars Before the long term care provisions of the PPA took effect, you had to pay taxes on the growth inside of your annuity before paying long term care expenses. Now, if you have an existing non-qualified annuity, you may be able to transfer the proceeds from your annuity tax-free to pay for future long-term care expenses without owing taxes on the gains in your annuity. ![]() This is a hypothetical example and is not representative of any specific investment. Your results may vary. Fixed Annuities are long-term investment vehicles designed for retirement purposes. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the issuing company. Withdrawals made prior to age 59 ½ are subject to a 10% IRS penalty tax and surrender charges may apply.
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