Combo / Split Annuity Rates Nov 2022 | Income with tax exclusion & return of premium at end of term.
The split annuity is a way to get a guaranteed income for a set period of time that can be mostly tax excluded.
In this example a $500,000 premium will guarantee:
Part 1: $119,240.00 premium to an immediate annuity
$2,183.09 per month of income for 60 months at up to 90% tax exclusion.
Part 2: $380,760.00 premium to a Multi-Year Guarantee Deferred Annuity
5.60% guaranteed interest rate for 5 years will grow to return $500,000
Part 1 taxable:
Assuming 100% cost basis (previously taxed funds) the payment may only be 10% taxable. A $2,183.09 payment with 90% exclusion ratio = $1,964.78 excluded and $218.30 taxable. At a 25% tax bracket there would be $54.57 tax on each payment. $2,128.51 would be the after tax income.
Part 2 taxable:
$380,760.00 is the cost basis and $119,240 is the interest gain. The interest is tax deferred until withdrawn. After the 5th year if the annuity is surrendered/cashed out the $119,240 is fully taxable as income. If 1035 exchanged to a new split annuity, the tax deferral continues. If using a partial 1035 exchange and placing funds into a new split annuity, a prorated cost basis will be used. Assuming the same rates the new cost basis on the immediate annuity side would be about $87,400 and give an exclusion ratio of about 66%.
Follow:
YouTube - https://www.youtube.com/@annuityexperts
Facebook - https://www.facebook.com/annuityexperts/videos/
LinkedIn - https://www.linkedin.com/in/jeff-affronti-a1551834/
Rumble - https://rumble.com/c/c-1096761
Instagram - https://www.instagram.com/annuityexperts/
Twitter - https://twitter.com/MrFixedAnnuity
Split/Combo Quote Request - https://www.annuityexperts.com/split-annuity-request.html
#SPIA #immediateannuities #annuitymarketing #annuityrates #annuityincome #fixedannuities #jeffaffronti #annuityexperts #splitannuity #comboannuity MYGAnnuity #multiyearguaranteeannuity #mygarates #MYGA
-
1:36:02
Mostly Sports With Mark Titus and Brandon Walker
18 hours agoMostly Sports With Mark Titus and Brandon Walker Presented by Jägermeister | EP 192 | 6.19.24
21.7K10 -
2:39:18
The Charlie Kirk Show
3 hours agoLow-Propensity Summer + The Plan to Free Bannon + NBA to the Senate | Ruddy, Rep. Burlison, White
62.6K61 -
59:12
The Dan Bongino Show
5 hours agoIs This Who They’re Lining Up To Replace Biden? (Ep. 2774) - 06/19/2024
487K1.37K -
35:00
Steven Crowder
6 hours agoEXCLUSIVE: Murderer Groomed High School Girl into Sex in Jail; Massive Cover-Up
243K424 -
2:00:15
LFA TV
8 hours agoNEW ILLEGAL POLICE FORCE! | LIVE FROM AMERICA 6.19.24 11am EST
42.2K37 -
2:02:24
Midnight's Edge
6 hours agoThe Acolyte does pronouns, but YouTubers to blame for Star Wars collapse? | MEiTM #576
22.8K1 -
1:00:23
The Rubin Report
4 hours agoDouglas Murray Uses Left's ‘Principles’ to Rip Them to Shreds
45K40 -
1:22:43
Benny Johnson
4 hours agoCHAOS: Media Demand Biden REPLACE Kamala with Hillary Clinton | Kamala Declares Herself 'PRESIDENT'!?
69.8K197 -
1:09:11
Graham Allen
7 hours agoPutin PLOTTING With Kim Jong Un?! + US On High Alert For Terror Threat!
61.4K155 -
2:58:01
Wendy Bell Radio
10 hours agoThe Spin Cycle Is Working Overtime
64.6K70