How a back-to-back annuity can boost cash flow in retirement - GIC Wealth Management

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For Your Information How a back-to-back annuity can boost cash flow in retirement

How a back-to-back annuity can boost cash flow in retirement

What if you could increase after-tax investment income by a third with virtually no risk? This would be especially appealing for retired people with a low appetite for risk who rely on taxable interest income to cover their expenses.Depending on your circumstances, you might be able to do just that, thanks to a tax-smart investment strategy known as back-to-back or insured annuities. It works best for people in their 70s who are in the highest marginal income tax bracket with more than $100,000 to invest – the more the better – but who want to preserve their wealth for their children or favourite charity.

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