For those fortunate enough to still have some assets in this economy - good for you. Now let's protect them - from creditors, probate, and taxes: Immediate or Deferred Annuities
Here's an article (go down to "Annuity Regulations and Taxation in Texas")
https://www.annuity.org/annuities/rates/texas/#regulations-and-taxation
And a short excerpt:
Annuities have full protection from creditors in Texas. According to Texas Property Code, all annuities including inherited annuities are exempt from the claims of creditors. Additionally, any income received from an annuity is completely protected from creditors.
Texas does not levy a premium tax on annuities, unlike some other states. Texas also has no state income tax, so annuity income won’t be subject to tax other than federal income tax.
Annuities are also exempt from Probate.
Still slogging away with that 401K or IRA?
Roll that puppy over to an annuity and enjoy guaranteed death benefits and the option for lifetime guaranteed income, a chronic impairment rider, no loss of principal and more.
Some programs are currently paying anywhere from 8-15% BONUSES.
Click below to set up an appointment and learn how an annuity can work harder for you.