From: Richard Kahn MMIIMIM

From: Richard Kahn MMIIMIM To: Jeffrey Epstein <[email protected]> Subject: Fwd: Annuity Illustrations Date: Sat, 31 Mar 2018 15:18:10 +0000 Attachments: GLIn IO_Year Period_Certain.pdf; GPI_ lO_Year_Payout.pdf Richard Kahn HBRK Associates Inc. 575 Lexington Avenue, 4th Floor New York. NY 10022 Pho Fax Cell Begin forwarded message: From: Jarad Minsky Date: March 31, 201 a To: Richard Kahn Subject: Annuity ustrations Rich, Attached are two illustrations for an 87-year-old, male with $2,000,000 in an IRA. The guaranteed lifetime income (GLI) would pay $207,982.68 year and would guarantee payments to him forever but for at least a minimum of 10 years. The guaranteed period certain annuity (GPI) would pay for just the 10 years at $223,784.52 per year. In not sure of his beneficiaries' circumstances but if he doesn't live long enough to collect either option over the 10 years he is leaving large taxable distributions for them. An alternative to this might be doing a fixed deferred annuity (FDA) instead where we can guarantee him an interest rate of 2.9%, still guarantee his principal and draw out $200,000 per year. By doing this whoever inherits the account will be able to put the remaining amount in an inherited IRA and stretch out the distributions over their lifetime rather than all at once like what will happen with the GU and GPI options above. This would give a higher interest rate than the GPI option and more tax efficient for his estate (if that is a concern). I look forward to talking at 1:00, feel free to call earlier if you have time. Thanks, farad Minsky Financial Adviser Doyle & Minsky Financial, LLC 175 Derby Street - Suite 8 Hingham MA 02043 Phone: Fax: EFTA00846583 Financial Adviser offering investment advisory services through Eagle Strategies, a Registered Investment Adviser. Registered Representative offering securities through NYLIFE Securities LLC (member FINRA/SIPC) Doyle & Minsky Financial, LLC is not owned or operated by Eagle Strategies LLC or its affiliates. If you do not wish to receive email communications from Eagle Strategies LLC and/or Doyle & Minsky Financial, LLC, please reply to this email, using the words "Opt out" in the subject line. Please copy (Doyle & Minsky Financial, LLC, 175 Derby St. Suite 8 Hingham, MA 02043) EFTA00846584