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Health Savings Account		 Annuities

If you're looking ahead to your retirement years, you may want to consider an annuity as part of your overall strategy. Annuities were designed to help you save, grow and protect your retirement assets, as well as provide a stream of steady income payments that will last as long as you live.
Here are some types of annuities.


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Variable Annuities

•    For options and details contact Gino P Molettieri, 781-942-5000 x144

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Fixed Annuities

● Offer an interest rate guaranteed for a set period of time. Your earnings grow tax-deferred until you begin to withdraw your income. Because your principal and interest rate are guaranteed by the issuing company, it is important to consider a strong, stable company that will be there tomorrow. The company generally resets the interest rate periodically, but guarantees the rate will never fall below a minimum rate stated in your contract.

● You can have a fixed annuity that accepts a single payment or one that accepts multiple payments.
Is a fixed annuity a good choice for you?
Only you and your financial professional can decide that for sure. But here are a couple of questions that might give you an idea…

•    Will you need income payments that you cannot outlive?

•    Do you worry when the stock market falls?

•    Do you prefer to know that your investments are making money, even if it’s
only a little money?

If you answered “yes” to all of these questions, you may want to consider adding a fixed annuity to your overall financial strategy. Contact your financial professional to discuss it further.
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Income Annuities

What if an income annuity could maximize your spending power by creating more income with fewer assets?
By putting only a small portion of your assets into an income annuity, you may generate more income than you could on your own. Plus, you can help manage market fluctuations and receive a guaranteed stream of income that you can use to cover basic expenses for the rest of your life. This could free up other financial resources, so you can do more of the things you enjoy.
Income annuities can either be:

•    Immediate – your income starts as soon as you buy the annuity; or

•    Deferred – your income starts at some later date.

Either way, income lasts as long as you live, guaranteed.

When would I use an immediate income annuity?
Immediate income annuities are often purchased by individuals who are retired and need income that starts right away. They may use it to cover fixed or regular expenses.

What if I want a “safety net” of income for later in life?
A deferred income annuity (sometimes called a longevity annuity) is a way to maximize your retirement assets. You can purchase one with a small portion of your assets…and get significant lifetime income payments at a specific time later in life.

Knowing how much income you’ll receive later in life may give you the confidence and the opportunity to take more income from your other investments earlier in retirement.


 

Gino Molettieri Contact Gino P. Molettieri today at 781-942-5000 x144

Guarantees apply to certain insurance and annuity products (not securities, variable or investment advisory products) and are subject to product terms, exclusions and limitations and the insurer’s claims-paying ability and financial strength.

Neither New England Securities/Baystate Financial Group nor its representatives offer tax or legal advice. Please consult your tax advisor or attorney for guidance.

Please note that Investment and Insurance Products are: not FDIC insured, not bank guaranteed, may lose value, and not insured by any Federal Government Agency. Securities products and financial planning services are offered through registered representatives and financial planners, respectively, of New England Securities Corp.(NES), a broker-dealer (member FINRA/SIPC) and a Registered Investment Adviser.  Baystate Financial Services is a general agency of New England Life Insurance Company,(NELICO), Boston, MA. NES & NELICO are affiliates. Neither Baystate Financial Services nor Reading Co-Operative Bank are affiliated with NES. Securities and variable products are only offered at 180 Haven St., Reading, MA 01867.   L0811199854 (exp0713)(MA)

 
 

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