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Variable Annuity Calculator
Contributing to a Variable Annuity creates long term tax deferred growth.
Use this calculator to see how a Variable Annuity might fit into your
retirement plan.
Need guidance on variable annuities?
Call our Boca Raton office for a complimentary
variable annuity consultation
1-800-366-9120, Ext. 30
- Definitions
- Variable
annuity
- A
variable annuity is an investment product designed to provide
long term, tax deferred savings. You do not receive a tax deduction
on the money you deposit, however you pay no taxes on any interest
earned until you begin making withdrawals. Unlike IRAs (both
Roth and Traditional IRAs) there are no annual contribution
limits or income limits. A Variable Annuity is also a good option
if you have already contributed the maximum amount to your IRA
and wish to increase your tax deferred savings. This calculator
assumes that you make your contribution at the beginning of
each year.
-
- Surrender
charges
- Press
the "Enter Data" button to input surrender charges for this
Variable Annuity. You are allowed to enter the year and percent
of the surrender charge. Surrender charges are a percent of
the annuity balance you will be charged if you withdraw your
annuity balance early. The actual surrender charges vary widely
from annuity to annuity. Make sure to check with your investment
advisor if you are unsure of the surrender charges that may
apply to your particular annuity.
-
- Current
age
- Your
current age.
-
- Age
of retirement
- Age
you wish to retire. This calculator assumes that the year you
retire, you do not make any contributions to your annuity. So
if you retire at age 65, your last contribution happened when
you were actually age 64.
-
- Annual
contribution
- The
amount you will contribute to your regular ANNUITY each year.
-
- Expected
rate of return
- The
annual rate of return for your annuity. This calculator assumes
that your return is compounded annually and your contributions
are made at the beginning of each year. The actual rate of return
is largely dependant on the type of investments you select.
From January 1970 to December 2003, the average compounded rate
of return for the S&P 500, including reinvestment of dividends,
was approximately 11.7% per year. During this period, the highest
12-month return was 64%, and the lowest was -39%. Savings accounts
at a bank pay as little as 1% or less. It is important to remember
that future rates of return can't be predicted with certainty
and that investments that pay higher rates of return are subject
to higher risk and volatility. The actual rate of return on
investments can vary widely over time, especially for long-term
investments. This includes the potential loss of principal on
your investment.
-
- Current
tax rate
- Your
current marginal tax rate you expect to pay on your taxable
investments.
-
- Retirement
tax rate
- The
marginal tax rate you expect to pay on your investments at retirement.
-
- Years
until retirement
- Number
of years before retirement.
-
- Annuity
total before taxes
- Total
value of your variable annuity at retirement before taxes.
-
- Annuity
total after taxes
- Total
value of your variable annuity at retirement after taxes are
paid.
-
- Total
taxable account
- Total
value of your savings, at retirement, if your annual contribution
is deposited into a taxable account.
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Securities offered through Securities America, Inc., Member FINRA/SIPC, James A. Barry, Jr., James Michael Barry, Marc Scheiner, and Richard Greenhill, Registered Representatives. Advisory services offered through Securities America Advisors, Inc. A SEC Registered Investment Advisor. James A. Barry, Jr., James Michael Barry, Marc Scheiner, and Richard Greenhill, Investment Advisor Representatives. Barry Financial Group and Securities America are separate entities.
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