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Virginia

  If I'm saving for retirement.
If I'm retired.
If I worry about outliving my savings.
If I want to make more efficient use of my assets.
If I want an annuity that works better for me.

Meet Virginia. Virginia, 73, is a widow who is healthy and has a bright outlook on life; she thinks she'll live to her 90's.

Her situtation

Virginia recently sold her house and purchased a condo outright with part of the proceeds. Here's what her retirement savings looks like:

  Social Security
  $150k in CDs
  $125k in IRAs
  a condo worth $200K
  $110K net profit from the sale of her home and purchase of a condo


Her concerns

Virginia would like to maintain her current lifestyle without worrying about running out of money.


What she did

Virginia put the profit from her home sale into a Max Income Fixed Immediate Annuity,* which gave her:

  predictable, guaranteed income to last as long as she lives**
  payments that may be partially tax-free***
  the confidence to more efficiently invest her remaining assets to grow her overall portfolio


Annuities gave Virginia a way to enhance her retirement income while removing her financial worries.

Learn more about Max Income Fixed Immediate Annuity

Need more information?

If you have more questions, or if you're ready to make an annuity part of your personal retirement plan, have a MetLife Representative contact you.

 

*Max Income Fixed Immediate Annuity and Longevity Income Guaranteed Annuities are issued by Metropolitan Life Insurance Company, New York, NY 10016. Guarantees subject to the financial strength and claims paying ability of Metropolitan Life Insurance Company.

Securities, including variable products, are offered through MetLife Securities, (FINRA/SIPC). 200 Park avenue, New York, NY 10166. A MetLife affiliate.

** All guarantees are based on the financial strength and the claims paying ability of the issuing insurance company.

*** Ordinary income taxes apply to the taxable portion of income payments and withdrawals. Withdrawals before age 59 ½ may be subject to an additional 10% tax penalty.

Like most annuity contracts, MetLife’s contracts contain surrender charges, exclusions, limitations and terms for keeping them in force. See your MetLife Representative for complete details.

Pursuant to IRS Circular 230, MetLife is providing you with the following notification: The information contained in this document is not intended to (and cannot) be used by anyone to avoid IRS penalties. This document supports the promotion and marketing of insurance products. You should seek advice based on your particular circumstances from an independent tax advisor.

MetLife, its agents, and representatives may not give legal or tax advice. Any discussion of taxes herein or related to this document is for general information purposes only and does not purport to be complete or cover every situation. Tax law is subject to interpretation and legislative change. Tax results and the appropriateness of any product for any specific taxpayer may vary depending on the facts and circumstances. You should consult with and rely on your own independent legal and tax advisers regarding your particular set of facts and circumstances.


 

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