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Annuities - aka- Retirement Plans, 401k, 412, 412(i), IRA- Roth, Simple, Traditional, SEP, Keogh, etc.
To find out how these new products of the future will secure your future, fill out our no obligation annuity quote form, and one of our friendly agents will contact you.
Americans are living longer and spending more time in retirement. In fact, the average American will be retired for 18 years. A retirement nest egg is probably the largest amount of money you will ever need to accumulate. How will you do it?
What are the Two types of Annuities?
1. Immediate Annuity- You begin to receive payments for a period of time or for life soon after your deposit.
a. Fixed Annuity- The most conservative approach. You get a set interest rate (usually 1-3%) no more no less.
b. Variable Annuity- The most aggressive, or risky approach. Your money is invested in Stocks, Mutual funds and or Bonds. You earn what ever the stock market earns. If the market declines you lose money (no guarantee).
c. Fixed Index Annuity- Right in the middle of the fixed and variable annuity. This has an interest rate floating with the Index (say S&P 500), but also has a guarantee (between 1-2%). Simply said, market potential BUT you never lose money.
Think about a fixed index annuity. Fixed annuities are a safe, risk-free way to plan for a comfortable retirement. You do so, on a tax-deferred basis. The money is protected, and you can get a guarantee that you'll never outlive the income you receive from the annuity. We offer the Index Annuity with the worlds largest companies such as ING, Great America, RBC, & Allianz ,as well as over 100 other national and international companies.
What is a Fixed Index Annuity? "Share in market gains without market losses"
1) Is a fixed (guaranteed) annuity that is linked to the performance of an index, yet it protects your principal when the index declines.
2) They provide long term potential growth of a stock market combined with the guarantees of a fixed annuity. You get the best of both worlds.
A picture says a thousand words.
What Goes Up Does Not Have To Come Down!
Why Index and Fixed Annuities are Crucial in Retirement:
Past and Future trends:
Variable Annuities
2007 - $182.2 bill 2008- $156.6 bill 2009-$127.0 bill
Decrease of 18.4% from 2008 to 2009
Index Annuities
2007 - $25.2 bill 2008- $26.5 bill 2009- $29.4 bill
Increase of 10.9% from 2008 to 2009
Variable annuity sales have steadily decreased over the last 5 years, yet the index annuities have increased. People are finding the Index annuities are a way to have the best of both worlds, variable- with a guarantee. Where is your money?
Qualified or Nonqualified?
An annuity can be set up in many different ways. You can set it up as a Traditional IRA, Roth IRA, SEP IRA, 401k, Simple IRA, 412(i) or just as a general savings account.
IRA, 401k Rollover
Are you retired and don't know what to do with your money sitting in your employer's variable account? We have options for you to earn more money, retire on that money, or a combination of both.
To find out how these new products of the future will secure your future, fill out our no obligation annuity quote form, and one of our friendly agents will contact you.
RMD: Required Minimum Distribution
Required Minimum Distributions (RMDs) in general are minimum amounts that a retirement plan account owner must withdraw annually starting at 70.5 years of age. Retirement plan participants and IRA owners are responsible for taking the correct amount of RMDs on time every year from their accounts, and they face harsh penalties for failure to take RMDs. We have options for this money that can provide a lifetime income stream and leave a much larger estate for your heirs...tax free. Just recently we helped a retired physician re-allocate his RMD money which increased his estate by $663k, and lowered tax consequences. Get a free review today.