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insured annuities - workbook example
Prepared for: Mr. John Smith
Age: 73
Marginal Tax Rate: 39.00%
Initial Deposit Amount: $400,000
Bank Option
Assume Constant Yield of: 4.50% |
Insured Annuity
Assume Constant Yield of: 8.34% |
| $18,000.00 |
Annual Income Paid Out |
$44,220.24 |
| $18,000.00 |
Taxable portion of Income |
$8,701.58 |
| $7,020.00 |
Amount lost to taxes |
$3,393.62 |
| none |
Annual Insurance Premuim |
$20,486.00 |
| $10,980.00 |
Net Spendable Income |
$20,340.62 |
| -- |
Increase in Spendable Income |
$9,360.62 |
| -- |
% Increase in Spendable Income |
85.25% |
With the Bank Option, more of your dollars are lost to Taxes!
With the Insured Option, you have more Net Spendable Income!
If you are interested in finding out if insured annuities may be the answer for your retirement, please
contact Peter McNally, Certified Financial Planner at McNally Financial and Insurance Group.
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