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Is a future annuity worth it?

Unlike a taxable account, a fixed annuity enjoys the benefits of tax deferral. In addition, many annuity companies offer a higher first year bonus rate. To be able to offer these higher rates companies typically require you to keep the funds invested for a period of time or suffer a surrender penalty for early withdrawal. Our calculator can help to determine your annuity value in a given year.

Please keep in mind that the impact on you personally, including the tax impact, is based partly on factors related to your individual circumstances, which are not captured in this Calculator. Neither New York Life nor its Agents offer personalized tax advice. Please consult your Tax Advisor about the tax-related pros and cons of annuities regarding you. The results and explanations generated by this calculator may vary due to user input and assumptions. For a more detailed financial analysis, complete the Contact an Agent form on the right and a local New York Life agent will contact you.

The results and explanations generated by this calculator may vary due to user input and assumptions. New York Life Insurance Company does not guarantee the accuracy of the calculators, results, explanations, nor applicability to your specific situation. We recommend that you use this calculator as a guideline only and you ultimately seek the guidance of an experienced professional.

    Savings and Assumptions
  1. Annuity Information
  2. Surrender Charges (if applicable)

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