OCR Text |
Show J hi2ummiCLountBee Making Sure How Well You Live Isnft Determined By How Long You Live WHOLESA CElHOMElP.RICESl VtaNfcvyfrlalt c FEATURING 24,995 SIMILES from 121 Superior QikyYo Eiped hAHaac.' Tkpe A Texture 2x6 Willi 30 Roof Load SYearWunnty Public Attitudes On Private Organizations (NAPS) Americans are expressing more confidence in private, charitable institutions, especially those geared towards our youth, a from 275 LTKIIM.KS FOREVER ROMES, INC. Mn. 50 E. 490 8.. .tmfh.800-242-006- 0 DIRECT LENDER SAVES THOUSANDS OF DOLLARS FOR HOMEOWNERS LOANS-- Specialty Mortgage Crap., a direct lender, is saving customers Thousands of Dollars by not charging loan origination fees. That's right, no loan origina-tiofee. You will be assigned a loan specialist who will answer all of your questions and qualify you over the phone without any obligation. Lender specializes in easy and no qualify loans. Less than perfect credit OK. Cash for any purpose OK. Debt consolidations, purchases, refinances. survey shows. The more money spent on help- ing our young people means more opportunities for them, whether it be a private education, recreational programs or health services. n Specialty Mortgage Corp. is a direct lender registered with' the Utah Dept, of Finance. Call Today- - (801) 295-181- (800) 1 211-281- population surveyed stated that they had a great deal of confl-dence In 1 Fast Pickup & Delivery Lender eases requirements for homeowners with money worries as as on Closb tomorrow Real Estate) past Credit, Forclosures, Bankruptcy, etc.. Even if you've been turned down by others. Refinancing, debt Consolidation ft Home Improvement Good or Bad PLAIN CASHIIII INCREDIBLE INTEREST RATES! hwaSMBIS IMUHSiHaSKI QN JH OF non-profi- te. Confidence in private higher education increased the most, to a 57 percent confidence level in 1996, from 49.6 percent in 1994. Religious institutions came in second on the confidence charts with a 64.7 percent confidence level in 1996, from 49.6 percent in 1994. The survey shows that from 1994 to 1996, more and mm people overall expressed confidence in most charitable organizations. sector counts The on peoples trust That's why dimities and nonprofits provide regular reports on their income and expenaea to the government, donors, and anyone else who ia interested in knowing, according to the Independent Sector, a national coalition that includes 800 voluntary organizations and foundations. For more information, write Mobile Storage Containers and Mobile Offices Buy Rent Luut 40 ft Containers $110 per mo. 20 ft. Containers $85 per mo. the prospect of outliving your money. How long you live may become equally as important aa how well you live. The guarantee of an income for life during retirement ia the reason many people today consider investing in annuities, according to Peter W. Cummins, senior vice president Why pay more, come directly to the lender. GREAT WESTERN LEASING & SALES rNAPS) Few of us would ever think that we could live too long. But theta exactly what many people fear aa they approach retirement age. According to statistics compiled by the U.S. Census Bureau and the Society of Actuaries in 1983, on average, a can expect to live another 18 yeara. And, if you're 65 now, you have a better than even chance of reaching 90. Thats great news unless you have to live the remainder of your days on a fixed income and face Independent Sector, 1828 L of Hartford combination of both. Because annuities have a life insurance component, they provide a death benefit to protect your spouse or other beneficiary. Generating Income With Annuities There are several ways to generate income from an annuity depending upon what kind of annuity you own. Deferred annuities have become highly popular aa a way to accumulate retirement savings. Because those savings grow they are a highly efficient way to build a retirement neat egg. But they also allow you to take income when you need it. "Taking money out of a deferred annuity ia like turning a faucet on and off." Cummins explained. "You determine how muck money to withdraw and when to withdraw it. That gives you control over how much income tax you pa ." d, Retirement Savings Another way to create a regular flow of income is to "annuitize" your contract by choosing an income option that will pay you on a regular basis for a specific number of years, for your life, or for the lives of both you and your spouse. Annuitizing also gives you tax advantages because part of the'income you receive is considered principal, which is not subject to income tax. Your decision to annuitize in most instances is irrevocable. annuitizing, you can guarantee yourself or both you and your spouse an income for life, Cummins said. "This alleviates the biggest fear most people nave about their finances in retirement: outliving their income." Turning Savings Into Income "By With Immediate Annuities If you have accumulated assets in another savings or investment vehicle, such as a mutual fund, certificate of savings or IRA, you can purchase an immediate annuity for your income needs. Most immediate annuities allow you to make only a single deposit that is then turned into an income stream. You can begin payments imme- diately or at a future date that you specify. And, like the deferred annuity, an immediate annuity allows you to elect an option that will pay you an income (or a specific number ol years, for life, or for the lives of both you and your spouse. Immediate annuities also crane in two flavors: fixed and variable. Fixed annuities pay a guaranteed or fixed amount of income each year, depending upon the length of time youve selected. Variable annuities pay a return based on the performance of underlying investment options such as stocks, bonds or some combination of both. You also select the length of time you want payments to be made. Choose Your Option For Income One of the moat popular uses of annuities is retirement income. Whether you own a deferred annuity or an immediate annuity, you have several annuitization or income options, which include: Single lift annuity - Provide! income for as long aa you live. The payment! stop once you die. This type of income option, often called a "straight life annuity, generates the biggest income payment, but does not provide any benefits for a surviving spouse or other beneficiary. Lift annuity with period tain - Provides income for as as you live. If you die within tain period, usually from symptoms -- ... to research advances ... to support services and the MDA clinic nearest you. Make the call. Our lifeline is I stellajljopicsas3avincfl aax toll-fre- e. THE VOICE OF HOPE MUSCULAR DYSTROPHY ASSOCIATION Ifirera flaSri It Doe 3 nM? L Pit I SEV9 was lamsaJ that your company's I business cards, envelopes, stationary brochures & other printed materials W lUUMnoMro I ngaWb a Vc pnreo " Areas outside the Wasatch front are dunging their end code from the familiar "801 to Avoid the rush! 675 West 100 South Heber City, Utah 84032 P.O. box 128 . rwww'.D 0 I oa s aTa o M Service Mating 8 Grefhk lirtig . vides income pkyments for a certain period, usually from five to 30 years. The payments cease at the end of the payment period. If you die before thej period ends, the remaining payments are continued for your beneficiary. Joint and urvivor annuity Provides income for two or more people as long as one person is living. Which annuity option is right lor you depends upon several factors, including your financial situation, other sources of income you may have, your age and the age of your spouse, and your income needs. Your financial and tax advisors can best heip you decide. If you choose prudently, you wont have to fear living too long. When you call the Muscular Dystrophy Association, you get answers. We respond to questions about neuromuscular tisease every day cer- yeara, the remaining payments are continued for your beneficiary. Fixed period annuity Pro- Subscribe To The Summit County Bee Keep your campsite clean. cer- long 10 or 20 St, N.W., Washington, DC, 20036; them at infofrindepsec.org, or visit them on the World Wide Web at http:www.indepeec.mg. ; AMERICA Life insurance Co.'s investment products sales and marketing department He said annuities are longterm investment products that provide special tax advantages for retirement savings, income or a However, you must be careful about when you take your money. Withdrawals are subject to income tax plus a 10 percent federal tax penalty if made before you are age 59Vi. Also, surrender charges may be assessed if you withdraw your money before a specified time haa elapsed since you purchased the annuity or paid a premium. "Moat people who buy deferred annuities accumulate a large pool of assets and then siphon income from earnings at retirement," Cummins said. "The annuitys principal remains intact, providing an ongoing source of retirement income." 'Annuitizing Your fax:435-654-508- 5 envoi: graphicsshadowlmk.net witKv.misaldiwave.com |