Are You
Already Retired or
About to Retire?
Are you confident that your current retirement plan is on the right track?
When planning for retirement, a common goal is to make sure you don’t run out of money before you run out of time. Meeting the goal has become more challenging as retirement income sources have changed. Before, employer-provided pensions and Social Security once provided a strong base for financial security; however, many seniors today need to depend more on their retirement and personal savings and hope they are invested in the right vehicle to keep their plan in balance.
Is Social Security Enough to Secure Your Future Financial Needs?
Social Security will likely contribute some amount to your retirement plan but Social Security was never intended to be the only source of income. Understanding how and when to claim your Social Security benefit can make a difference in the payment you receive. In this fast-paced, evolving world, you will probably need additional benefits and you cannot rely on Social Security alone.
The Best Solution to Social Security Limitations
A retirement income strategy offered by insurance companies can help increase current guaranteed income that may no longer be provided by a traditional pension and Social Security. This will establish a well-balanced plan that will support you during your retirement years.
If you are approaching retirement, taking on too much risk leaves you with too little time to recoup any losses. Continue to keep your money in your safe 401K, IRA’s, and CDs. However, if you are concerned about risky investments or the real estate bubble, or if you have money just sitting in the bank with very low interest, we can help put your qualified retirement funds or cash money into a secure annuity plan. Retirement risks such as uncertain market performance, earlier retirement dates, rising cost of living and increased longevity can decrease or even deplete retirement savings quickly.
Are you able to retire?
What is Fixed Indexed Annuity?
A Fixed Indexed Annuity (FIA) is a guaranteed contract with an insurance company that offers the potential for growth based on the performance of a stock market index, such as S&P 500, while providing protection and tax-deferred growth on the principal.
After the accumulation period, you can typically choose a deferred or lumpsum payment, or the plan that has a feature to receive a monthly lifetime income. However, there are specific plans available to you that offer immediate lifetime income after the principal is transferred from a particular source. Another type of plan provides cash accumulation from stock market gains but protects you on the downside or has zero losses. As you can see, there are a variety of plans to choose from which may be confusing. We are here to help with a plan that is perfect for you.
Two Main Amazing Features of Fixed Indexed Annuity
1. Lifetime Income
A Fixed Indexed Annuity for Lifetime Income is a type of insurance product that provides a guaranteed stream of monthly payments for the rest of your life in exchange coming from your retirement funds or for a one-time premium payment coming from qualified or non-qualified funds. Its primary purpose is to offer financial security and eliminate the risk of outliving your retirement savings by providing a stable, reliable income not subject to market volatility.
Upfront bonuses upon transfer of the funds are available to several Fixed Indexed Annuity Plans. There are plans that will continue providing additional bonuses and will increase the principal if by delaying the start of your Life Income benefit in the later years.
2. Growth Potential
A Fixed Indexed Annuity for Growth or Cash Value Accumulation is a type of insurance plan that offers principal protection during down markets and growth potential based on a market index like the S&P 500 and other investment strategies. And this is without direct investment in the stock market. It provides tax-deferred growth on your principal.
The interest credited to the annuity is linked to the performance of the market index, but with a guaranteed floor that protects against losses and limitations like a participation rate or cap on potential gains. There are plans for an insurance company that offers certain bonus percentage that is added after transferring the principal. Nevertheless, there are some plans that have life income riders but could affect the bonus percentage.
What are the Key Benefits of a Fixed Indexed Annuity?
Guaranteed Lifetime Income:
FIAs provides regular income payments for the rest of your life. You will continue to receive a guaranteed income stream even if your account balance reaches zero.
Tax Deferred Growth:
FIAs has a potential for higher returns compared to traditional fixed annuity products by linking growth to a stock market index, such as S&P 500. This allows you to benefit from market gains without investing in the stock market and with no downturn risk.
Downside Protection:
One of the major advantages of FIAs is to protect the principal investment from market losses. Compared to stocks, your principal or your initial investment and past gain or any credited interest will remain secure. There will be no money loss due to market downturn.
No Upfront Sales Charges:
There are no upfront fees. Your FIA’s investment starts to work immediately for you after it becomes activated.
Conclusion
Fixed Indexed Annuities (FIAs) can offer valuable tools and an excellent asset for individuals seeking an opportunity to avail yourself of security in their retirement savings plan and for growth potential. It provides unique features and advantages catering to conservative investors looking for guaranteed income protection against future market losses. However, it’s important to understand the specific terms and conditions of each FIAs products, including any caps on gains and fees, to ensure it aligns with your financial goals and objectives.
Some of our World-Renowned Carriers
Let’s work together on your retirement
If you would like more information on how you can avail of this retirement please make a list of all your questions and we will respond as soon as possible.
Call us at 619-372-6449
ADDRESS: 10505 Sorrento Valley Rd. Suite 110, San Diego, CA 92121
OFFICE HOURS:
Monday through Friday: 7am to 6pm
Saturday: 9am to 3pm
Sunday: Closed
Lifetime Income and Growth Services is neither an insurance nor operating company. Instead, we connect individuals with insurance providers. Products and services are offered exclusively by the insurance providers. Descriptions are for informational purposes only and subject to change. Lifetime Income and Growth Services is a subsidiary of Wealth Financial Life Insurance Services, Inc.