Limited Risk Retirement Options
For those who are in retirement, or thinking about retirement, and are concerned with most of their money being at risk of loss, in the stock market, we can help. Whether you’re looking for monthly cash flow, growth, tax free income, or any combination we can find a solution to help .
Our “vehicles” to achieve this is generally one, or any combination of the following: Fixed Annuities, Fixed Indexed Annuities, and Indexed Universal Life insurance. We would love to start a discussion to see if we can come up with a viable solution for your situation.
Annuities
Regular contributions to our 401K’s or IRA”s often amount to a good sized nest egg and contributing to these is a good strategies for building wealth. We’re pretty good at accumulating money during our working lifetimes, but it may not be the best place to keep all of our money during the retirement years. Many who are nearing retirement, or in retirement, have a few major concerns.. Concerns like how will their assets be protected and distributed and what happens if the market drops, and they lose a bunch of money but still need to withdraw funds for living expenses. Annuities can be a good solution to these concerns.
Annuities are a unique option when it comes to retirement planning. These products are geared toward those who wish to keep their retirement funds safe and free from the volatility of the stock market. Whether you’re simply looking for a risk free place for your money to grow, tax deferred, or you want a steady monthly cash flow for the rest of your life (yes, the rest of your life!) Annuities can be a great choice.
Types:
-Fixed Annuities: Funds will be deposited and grow at a predetermined, set, rate. These can offer a fixed monthly payout or be a great place to park money and take withdrawals as needed.
-Fixed Indexed Annuities: Funds will be deposited and grow at a rate intended to mirror the stock market. This is called “indexing.” Although growth mirrors the stock market, your money is not in the stock market, and will NEVER lose value. These can offer a fixed monthly payout or be a great place to park money and take withdrawals as needed.
Indexed Universal Life
Indexed Universal Life insurance is a unique type of life insurance that’s intended to be permanent. One important aspect of universal life is that there is a cash value component. Tax free loans can be taken against the policy cash value while the money inside the policy continues to grow..
If properly structured, for maximum cash values, these can be a great way to grow money without risk and “be your own bank”. Ask us about the infinite banking concept!
If you would like to have a discussion about these strategies, to see if they may be a fit for you, please give us a call.