Project Main Details
The target demographic are individuals at or near retirement age. I'm looking for a distinguised sounding voice talent to deliver the information over a phone link. 2009-10-15 09:39:58 GMT 2009-10-16 09:00:00 (GMT -05:00) Eastern Time (US & Canada) Yes (click here to learn more about ) Closed 13 13 11 direct invitation(s) have been sent by the voice seeker resulting in 1 audition(s) and/or proposal(s) so far. Voice123 SmartCast is seeking 25 auditions and/or proposals for this project (approx.) Invitations sent by SmartCast have resulted in 12 audition(s) and/or proposal(s) so far.
Annuities and CDs are similar in that they are safe, secure investments with guaranteed rates of return based on interest rates, both issued by large financial institutions: CDs issued by banks, Annuities offered by insurance companies. That’s where the similarity ends. In addition to offering everything CDs offer, annuities offer the following advantages: Generally Higher returns, Tax-Deferral, and Liquidity. Let's examine these differences in more detail.
Higher Returns: Annuities, like CDs, are tied to interest rates. But when rates are low, so too are CD returns. Annuities, on the other hand, have a minimum guarantee in place, usually 3% or 4%. Your investment will never dip below the guaranteed minimum interest rate even during times of falling or low interest rates such as we're experiencing now.
Tax-Deferred Gains: If you invest your hard-earned dollars in a CD, you have to pay taxes each year on the CD interest earned, even though you’re not able to withdraw funds until your investment term is over. With annuities, there is also a set term, but the earnings are tax-deferred. You pay taxes on the interest earned but ONLY when money is withdrawn. So, with annuities the deferred tax on your interest remains in the investment, earning you more and more money, instead of being paid out to state and federal tax agencies on a yearly basis.
Liquidity: CDs do not allow you to withdraw any monies during term. Period. Annuities, on the other hand, have provisions that allow you to withdraw money, generally 10% of your account value, annually. Plus, many contracts allow you to remove the earned interest on a monthly basis. Other contract provisions give you access to all of your funds in the event you are hospitalized, undergoing a life-threatening illness, subjected to a permanent or extended stay in a nursing home, or other major calamities that affect you economically. And, as an added feature, annuities can be structured to pay-out for the life of the owner over a fixed term such as five or ten years, thereby spreading out your tax-burden and providing enhanced income security. In short, Annuities offer way more flexibility than CDs. We all know what certificates of deposit are: fixed, low-yield investments typically used for short-term investment horizons. Sure, the FDIC backs them but the secret that Banks won’t admit is that CDs are no match against the investment benefits of annuities, especially for retirees. Let’s compare the two to learn why.
Annuities and CDs are similar in that they are safe, secure investments with guaranteed rates of return based on interest rates, both issued by large financial institutions: CDs issued by banks, Annuities offered by insurance companies. That’s where the similarity ends. In addition to offering everything CDs offer, annuities offer the following advantages: Generally Higher returns, Tax-Deferral, and Liquidity.
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