THE VANTAGE COLLECTION OF ANNUITY FINANCIAL GROWTH PRODUCTS
This Collection of Deferred Annuity Plans provides you with a varied range of investment options to fit your financial planning requirements.
| Qualified Plans: |
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Traditional IRAs (individual retirement accounts) allow individuals to contribute pre-tax dollars to a retirement account where investments grow tax-deferred until withdrawal during retirement. |
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Upon retirement, withdrawals are taxed at the IRA owner's current income tax rate. Capital gains or taxes on dividends are not assessed. |
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Contribution limits exist ($6,000 for 2021 for those under age 50, 7,000 for those 50 and older), and required minimum distributions (RMDs) must begin at age 72. |
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A retirement account where taxes are paid on contributions and withdrawals are tax-free. |
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Contributions can continue to be made at any age if the account holder has earned income. |
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The account holder can maintain the Roth IRA indefinitely; there are no required minimum distributions (RMDs) during their lifetime, |
