Understanding Lifetime Income: A Story of the Gas Gauge
A family road trip across the desert turns into panic as the car slowly runs out of gas with no gas station in sight. Instead of enjoying the trip, all eyes were on the gas gauge.
What is a Variable Annuity?
Variable annuities are long-term, tax-deferred investments designed for retirement, involve investment risks, and may lose value. Earnings are taxable as ordinary income when distributed and may be subject to a 10% additional tax if withdrawn before age 59 1/2.
Add-on benefits are available for an extra charge in addition to the ongoing fees and expenses of the variable annuity and may be subject to conditions and limitations.
Tom Hegna was paid to share his opinions and story. His expressed views and opinions should not be construed as recommendation.