Best Annuities Clark NJ: Annuities Information Clark NJ


Best Annuities Clark NJ: learn the basics of what some of the best annuities in Clark NJ
have to offer you from your local State Farm agent.

Annuity Basics

Investors are on a seemingly endless quest for a safe haven for their retirement dollars.
Selecting the best investment depends on your financial goals and market conditions. Fixed
annuities are low-risk investments that can help you reach those goals. Let us help you
select the best Annuity Clark NJ for your individual situation.

How Deferred Annuities Clark NJ Work

Accumulation Phase

During this phase, the customer pays either a lump sum or makes periodic payments to the
insurance company. These payments accumulate at interest over a period of time, similar to
a savings account. However, unlike most other savings vehicles, interest is earned on a
federally income tax-deferred basis. This tax advantage is one reason annuities have become
important retirement planning tools (Although income tax-deferred, taxes will become due when
funds are withdrawn).

Distribution Phase (Income Payout) – Annuities Clark NJ

Income payments can be made monthly, quarterly, semi-annually, or annually. The amount of these
income payments is based upon the accumulation value when payments begin, the age and gender of
the annuitant,* and the income option selected. If the annuitant selects one of the life income
payout options, guaranteed payments will continue for the rest of his or her life.

* Unisex rating applies to certain tax-qualified plans and policies issued in Montana.

Sounds simple, right? And yet there’s a lot of confusion and misinformation out there when it comes
to annuities. At State Farm we’re committed to providing you with the answers you need to make confident,
well-informed choices when it comes to your future

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