now is a great time for retirement planning …
… and there are multiple strategies to maximize your retirement income depending on your age, matrimonial status, savings and investments.
BEYOND INVESTMENTS
Decades ago, retiring used to be easier. This was because many people were guaranteed pensions that provided them with income for life.
Today, very few people have access to pensions and instead rely on savings and investments.
But how can someone with a 401(k), IRA, real estate investments and other market assets create pension-like guaranteed income that pays out rain or shine?
That’s where annuities and life insurance retirement plans (LIRPs) come into play.
GUARANTEED FUTURE INCOME
There are two classes of retriement portfolio assets: correlated assets that are speculation based, and uncorrelated assets which are based on actuarial science. Correlated assets include stocks, bonds, real estate and any kind of profit sharing plan. When you invest in correlated assets, you are speculating and you can gain or lose money. However, uncorrelated assets such as permanent life insurance, annuities and long term care insurance are guaranteed to pay out as long as you pay the agreed premium.
FREE CONSULTATIONS
I am not a fee-based financial planner, which has many benefits for you as a client.
Not being fee-based means that consultations and analysis are provided at no cost to you. That means my consultations are free.
Should you choose to implement the strategies I recommend, then I would be paid commissions from the companies providing these products and services.
Despite the incentives I receive as an independent agent, I have a responsibility to ensure that all recommendations made to you are suitable based on your overall financial situation.
RETIREMENT PLANNING
Retirement is the time to savor the fruits of your labor, but it can also be a period of financial uncertainty. While qualified investment accounts like 401(k)s, IRAs, and traditional IRAs are essential tools for building your retirement nest egg, it’s crucial to understand that they don’t provide guaranteed income for the entirety of your retirement, which can often span around 20 years or more. Why? These accounts are closely tied to the unpredictable ups and downs of the market, meaning their value can fluctuate significantly based on market conditions.
The Solution: Guaranteed Income and Stability
To address the uncertainty that comes with market-linked investments, many retirees are turning to two powerful financial tools: annuities and cash value life insurance. These options provide the kind of stability and predictability that feels like a pension, ensuring that you have a reliable stream of income throughout your retirement years.
Tailoring Your Retirement Plan
The key to a secure retirement is a balanced approach. While qualified investment accounts offer valuable tax advantages, they should be complemented by financial tools that provide income stability. Annuities and cash value life insurance can be strategically integrated into your retirement plan to create a reliable, pension-like income source that lasts as long as you need it.
Don’t leave your retirement to chance. With a thoughtful combination of qualified investment accounts, annuities, and cash value life insurance, you can craft a retirement plan that provides the financial peace of mind you deserve. Start planning today to ensure that your retirement years are truly golden.
independent agent
As an independent agent, I am not bound to one financial institution’s product list. As such, I can search the market for solutions that best fit your specific case.
market Analysis
After searching the market for financial instruments and services that best fit your needs, I present these to you at no cost and no obligation.
Solutions for Pre-retirement
The best time to start strategically planning for retirement is when you are very young and healthy. The earlier you begin, the better chance you have to not out live your savings and investments once you retire.
The second best time to start executing on a retirement plan is now. Regardless of your age, the cost of life insurance will go up as you get older. That alone makes right now a great time to begin your Life Insurance Retirement Plan (LIRP).
If you are not yet ready to commit completely to a LIRP, then there are options open to you such as certain Term Life Insurance policies that can be converted to a LIRP at a time in the future.
solutions for retirees
As you approach your retirement, it is essential to have a plan in place to ensure that you don’t outlive your savings and investments.
Whether you are a single person or a couple, retirement strategies may include one or a combination of the following elements:
The exact combination that works best for you depends on the size and composition of your retirement nest egg (eg. savings and investments), matrimonial status, age, health and expected expenses in retirement.
serving florida residents
I am licensed in Life, Health and Annuities in the State of Florida.
Reach out today for a complimentary assessment to determine which insurance and/or annuity strategies best benefit you and your retirement plans.