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CUTTING EDGE INSURANCE SOLUTIONS.
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Financial Services |
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Hitching Insurance Agency provides many financial services for you and your family. Your money is too important to invest without a strategy. That's why it's critical to analyze your goals and assess your current situation before you make your next investment decision. We can offer strategies on: Mutual Funds, 401(k)s, IRAs and Life Insurance. Here is some basic information about some of the services we offer. Call and talk to us about saving for your future. Term Life Insurance Low rates that beat the competition, even on the Internet. Compare these rates!!! *** $250,000 - 10 year Guaranteed Level Annual Rates ***
Non-smoker preferred rates. Longer guaranteed period available. 10% discount the first year with an annual premium. Preferred smoker rate is available. Female rates even lower. CD's Renewals Competitive accumulation rates. Interest can accumulate tax-deferred or sent to you monthly. Underwritten by Gleaner Life, who we have represented for over 20 years. Account is not subject to probate. Conservative investment with little risk. Why should you settle for the low bank taxable accounts that are offered by their CD's? 401(k)s There's lots of talk these days about the uncertain future of Social Security. Even if the program does survive and you do receive Social Security payments later in life, they were never meant to be your only means of income during retirement. In fact, in 1998 the Social Security Administration estimated that Social Security will provide less than a quarter of what you'll need to pay for housing, food and other living expenses -- not to mention an occasional golf game. IRAs Why an IRA is a smart way to save for retirement An IRA, or Individual Retirement Account, is an account established with funds earmarked for retirement. Saving for retirement in an IRA instead of another type of account has tax advantages — more now than ever before. Several different types of IRAs can meet different needs. You can find an IRA to fit your situation – and you can enjoy tax-deferred or tax-free growth for your savings. Two types of IRAs for your annual contributions Roth IRA With a Roth IRA, your assets can grow tax-free, meaning you'll never have to pay federal income taxes on your earnings, provided certain requirements are met. (Roth IRA distributions are also exempt from state taxes in most states.) Depending on your situation, tax-free growth can result in more savings available for you in retirement than a comparable investment in a Traditional IRA would provide. You can contribute up to $2,000 annually, provided you meet AGI (adjusted gross income) limits. Although contributions are nondeductible, you have tax-free and penalty-free access to them at any time, should the need arise. Traditional IRA A Traditional IRA allows your assets to grow tax-deferred, meaning you won't pay any taxes on earnings until you withdraw the assets. Savings in a tax-deferred account will compound more quickly than those in a comparable taxable account. Anyone under age 70 ½ with compensation may contribute up to $2,000 annually to a Traditional IRA. For many investors, those contributions will also be tax deductible. For both the Roth IRA and Traditional IRA, married couples who file jointly can contribute up to $2,000 to each spouse's IRA for any tax year for a total of $4,000 annually, even if one is a non-working spouse, provided combined contributions do not exceed combined compensation.
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