Safety for the Long Term
Our advisor came to us with a client, Russell, looking for guarantees. He had money on the sidelines and was interested in putting it somewhere safe.
With reinvestment comes risk. Instead, the client was interested in the high rates currently being enjoyed by annuities. He was interested in locking in those rates and guaranteeing income for later.
- Male, age 70
- Has more than $3M sitting on the sidelines
- Wants to protect the principal
- Needs to diversify taxes
How it Works
Russell’s advisor worked with Ash Brokerage to offer a solution that hit his goals. He purchased a 7-year single-premium deferred annuity. Taxes aren’t due until he starts taking money out, and he was able to lock in a guaranteed rate.
Russell used $1M to fund his 7-year SPDA. He was able to achieve all of his goals—his money is growing tax deferred at a guaranteed rate of 5.25%. The safety of his investment has offered the peace of mind he was seeking.