From: Richard Kahn To: "jeffrey E." <[email protected]> Subject: Fwd: Annuity Conversation Date: Tue, 28 Feb 2017 19:39:51 +0000 Attachments: Predetermined_Death Benefit_Fonn.pdf attached are some thoughts on annuities and life insurance based on a conversation i had with a NY Life agent Forwarded message From: Jarad Minsky -4 Date: Mon, Feb 27, 2017 at 7:57 PM Subject: Annuity Conversation To: Richard Kahn Hi Rich, I wanted to follow up from our conversation on annuity options for someone with the date of birth of 01/20/1953. I know we mainly talked about annuities but think there might be another way of accomplishing what we discussed. I'll lay out both scenarios and can go deeper into either one if you'd like, let me know your thoughts. SDE (I) Generate a guaranteed income stream for the life of the intended beneficiary (2) Minimize taxation today for the donor of the gift (3) Start this income stream at the death of the donor Qption I — Invest in a deferred variable annuity • The donor would open a variable annuity and name the intended recipient as beneficiary which has no effect on the donor's taxes. • With such a long time horizon, it seems to make more sense to invest it in the stock market than lock in a low interest rate now with a fixed or income annuity. • All growth from the account is tax deferred while the donor is alive. • At death, the owner can mandate how the account is paid out to the beneficiary. The attached form as an example of how this can be done. EFTA00680111