Aviva MyLifeIncome?
How does Manulife get around it?That's a trick question since there's only one fully SRS qualified annuity: Manulife's single life annuity. It's the only one that can extend the tax advantaged SRS withdrawal period beyond 10 sequential calendar years, an important feature if you have a large or larger SRS account balance and then struggle to keep annual withdrawals within the 0% tax bracket (or at least within a lower tax bracket). Manulife alone can help solve that tax reduction challenge, if you have it.
There are other annuities currently available, some not for life, that can be funded using SRS dollars. However, none of those other annuities allow you to stretch the tax advantaged withdrawal period beyond 10 sequential calendar years. At the end of the 10th calendar year, counted from the date of first qualified withdrawal (whether or not you actually took any more withdrawals), the entire remaining SRS account balance (plus any remaining non-fully qualified annuity flow) is "deemed withdrawn" then tax assessed on that deemed withdrawn amount. Manulife's single life annuity is the sole exception.
Highest guaranteed is manulife retireready plus. Have compared before for my clients. If u need numbers let me know your details and i can generate for u.
Can provide a quote
ANB 34 female
Non Smoker
$15,300 contribution up to age 62
Its a 1 lump sum for a plan.
To do a quote of the premium.
1) start payout age? 50/55/60/65/70
2) income for how many years? 5/10/15/20/lifetime
3) min monthly income is 300/month.
Quote with find premium with desire monthly income or quote with single premium budget to determine monthly income
There is no option like age 62?
Which SRS approved annuity requires the least total premium paid given the following?
> Target: $40k withdrawal every year (or 3.33k per mth) for 10 consecutive years
> Start payout: 62 or whichever nearest after 62
> Annual single premium contribution: $15.3k
> 37, male, non smoker
Which SRS approved annuity requires the least total premium paid given the following?
> Target: $40k withdrawal every year (or 3.33k per mth) for 10 consecutive years
> Start payout: 62 or whichever nearest after 62
> Annual single premium contribution: $15.3k
> 37, male, non smoker
I have done a quote on tokio marine with recurring $15300, pay 10 years. Payout at end of age 63, guaranteed payout for 10 years $25804 per year and with bonus @3.25% is $41365 per year and with bonus @4.75% is $56937 per year
It's marvelous how can anyone answer TS question on annuity offering highest return. They must be talking to themselves
What’s the guarantee rate? 2.03%?
Guaranteed dont have the %. @3.25% is 2.6%, @4.75% is 4%
Does this means can be ZERO or even negative??
What’s the guarantee rate? 2.03%?
That's a trick question since there's only one fully SRS qualified annuity: Manulife's single life annuity. It's the only one that can extend the tax advantaged SRS withdrawal period beyond 10 sequential calendar years, an important feature if you have a large or larger SRS account balance and then struggle to keep annual withdrawals within the 0% tax bracket (or at least within a lower tax bracket). Manulife alone can help solve that tax reduction challenge, if you have it.
There are other annuities currently available, some not for life, that can be funded using SRS dollars. However, none of those other annuities allow you to stretch the tax advantaged withdrawal period beyond 10 sequential calendar years. At the end of the 10th calendar year, counted from the date of first qualified withdrawal (whether or not you actually took any more withdrawals), the entire remaining SRS account balance (plus any remaining non-fully qualified annuity flow) is "deemed withdrawn" then tax assessed on that deemed withdrawn amount. Manulife's single life annuity is the sole exception.