Annuities

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FIXED INDEXED ANNUITY

THIS IS A SPECIAL CLASS OF ANNUITIES OFFERED BY PHP THAT YIELDS RETURNS ON YOUR CONTRIBUTIONS BASED ON A SPECIFIC EQUITY-BASED “INDEX,” SUCH AS THE S&P 500. WITH AN INDEXED ANNUITY THERE IS A GUARANTEED MINIMUM RETURN, SO EVEN IF THE STOCK INDEX DOES POORLY, THE HOLDER WILL NOT LOSE ANY PART OF HIS INVESTMENT. CONVERSELY, THE YIELDS WILL BE SOMEWHAT LOWER DUE TO CAPS AND FEE-RELATED DEDUCTIONS.

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• Offers tax-deferred, retirement income

• For investors who seek protection of capital

• Can be structured to give you income for the rest of your life

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How much money do I need to retire?

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The amount of money needed for retirement will be different for everybody. While some people will want to travel and spoil their grandkids, others will not. The best rule of thumb is to add up expected retirement income – social security, pensions, distributions from individual retirement accounts, investments, etc. – and subtract all expected retirement expenses – housing, utilities, taxes, insurance, food, clothes, etc. – to see how much of this will be needed after retirement. The final answer, of course, will be based on anticipated life expectancy.

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What happens to a retirement fund if I die before withdrawing the money?

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If you are married, the money in your retirement accounts becomes the property of your spouse unless you've named a non-spousal beneficiary. If you are single and have named a beneficiary, the beneficiary will inherit the accounts. If you are single and have not named a beneficiary, the accounts will become part of your estate.

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