Annuity Disclaimer
Annuities are not deposits, nor are they FDIC or NCUA insured. They are not insured by any federal government agency or guaranteed by any bank or savings association. Any guarantees are based solely on the issuing insurer’s ability to pay. The specific terms of an annuity are set forth in the contract, including any attached riders, endorsements, or amendments, which govern the issuing company’s obligations.
Annuity contracts purchased within an IRA or other tax-qualified plan do not receive additional tax-deferral benefits, as these accounts already provide tax-deferred status. Earnings on annuities, along with any pre-tax payments, are subject to taxation when withdrawn. Additionally, annuity payments or withdrawals made before age 59½ may incur a federal tax penalty of 10%.
The information on this website is not intended as a recommendation to purchase an annuity, QLAC, or deferred annuity. To determine if an annuity is suitable for your financial needs, you should consult with a qualified professional advisor and complete a suitability review. Products and features are subject to state availability, and limitations and exclusions may apply. Always review any proposed annuity contract carefully and ensure that all your questions are answered before making a purchase.
This information is provided for informational purposes only and is believed to be accurate at the time of publication. McCarthy Stevenot Agency, Inc. does not provide tax, legal, or investment advice.
If you have any questions, please call 513-891-9888.