| Variable Annuity: |
A variable annuity is an investment
product designed to provide long term, tax deferred savings.
You do not receive a tax deduction on the money you deposit,
however you pay no taxes on any interest earned until you
begin making withdrawals. Unlike IRAs (both Roth and Traditional
IRAs) there are no annual contribution limits or income
limits. A Variable Annuity is also a good option if you
have already contributed the maximum amount of $2000 to
your IRA and wish to increase your tax deferred savings. |
| Current age: |
Your current age |
| Age of retirement: |
Age you desire to retire.
|
| Annual contribution: |
The amount you will contribute
to your regular ANNUITY each year. |
| Expected rate of return: |
The annual percent you expect
to earn on your investment. |
| Current tax rate: |
Your current marginal tax
rate you expect to pay on your taxable investments. |
| Retirement tax rate: |
The marginal tax rate you
expect to pay on your investments at retirement. |
| Years until retirement: |
Number of years before retirement.
|
| Annuity total before taxes: |
Total value of your variable
annuity at retirement before taxes. |
| Annuity total after taxes: |
Total value of your variable
annuity at retirement after taxes are paid. |
| Total taxable account: |
Total value of your savings,
at retirement, if the your annual contribution is deposited
into a taxable account. |
