disability

February 13, 2020 Personal 16 Comments

Trump’s budget could make it harder to stay on Social Security disability insurance

Trump’s budget could make it harder to stay on Social Security disability insurance Though President Donald Trump has repeatedly vowed to protect Social Security benefits, his budget includes big cuts to parts of the program. One proposal could make it more difficult for individuals … Continue reading at cnbc.com How zero-based budgeting can transform your […]

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The most important thing to consider is your financial needs, especially at times when you really need cash to finance something like the birth of a child delivery or an unforeseen accident or illness. However, you must also consider the regulations on withdrawal against the annuity, because it can be a bad scenario if you find yourself being served a penalty just because you withdrew large amounts from your annuity account when it was not permitted on the plan you purchased.

There are three principal advantages to an annuity: 1. Tax-deferred accumulation. This allows you to set aside the funds that you pay into the annuity for as long as you want, without worrying about exceeding federal tax limits. 2. Flexibility. An annuity can offer you a variable or a fixed return, unencumbered by federal tax limitations. 3. Security. An annuity offers a fixed-income payout option which would grant an income that cannot be outlived.