How Private Equity Really Works (And How You Could Benefit)
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Any references to protection benefit or lifetime income generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims paying ability of the issuing insurance company .An annuity is intended to be a long-term, tax-deferred retirement vehicle. Earnings are taxable as ordinary income when distributed, and if withdrawn before age 59½, may be subject to a 10% federal tax penalty. If the annuity will fund an IRA or other tax qualified plan, the tax deferral feature offers no additional value. Qualified distributions from a Roth IRA are generally excluded from gross income, but taxes and penalties may apply to non-qualified distributions. Consult a tax advisor for specific information. This is not a recommendation to surrender or otherwise purchase an insurance product. You should review your specific policy and financial situation with your advisor.
What if your portfolio included investments most people never even hear about? In this week's Ascend360™ Insider, Bill Smith, RICP®, MRFC®, CEO and Founder of W.A. Smith Financial Group, unpacks private equity—what it is, how it works, and how it could play a role in a smart retirement strategy for qualified investors. Find out if this strategy fits into your retirement picture and how to evaluate whether it’s the right move for you.
