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Annuity is a form of financial protection for your future which guarantees growth of your money. There is no tax on annuity earnings until they are withdrawn from the account. Consider Goodluck Insurance Agency of Rockville, MD for an excellent way to save money for your retirement. The current interest rate is 3.5%.
Call us at 301-990-6969 to choose from a range of annuity options and our friendly staff will be happy to help you.
Individual retirement accounts that we provide from our carrier Family Life is guaranteed to grow. If you qualify for traditional IRA, your contribution towards it is tax-deductible. Taxpayers over the age of 50 may contribute an extra $500.
Roth IRA contributions are not tax-deductible but qualified withdrawals are tax-free and there are no mandatory withdrawals at age 70 1/2. SEP-IRA makes sense if you are self-employed.