Create an income you can’t outlive
Today we can expect to live longer with more active lives than any generation before us. But as our retirement horizons expand, so do our financial needs.
Most of us will face an “income gap” when we retire. This is the difference between what you’ll receive from Social Security, a pension if you have one, and any other sources of guaranteed income... and what’s needed to meet expenses and maintain the lifestyle you want.
An annuity can be a valuable addition to a person’s overall portfolio. But it isn’t right for everyone. Since no two people are the same and no two retirement goals are exactly alike, it is essential to determine which annuity solution will match your desired goals.
Annuities provide insurance against the risk that you’ll outlive your money after you retire. They give you the potential to grow your savings and create a guaranteed income stream to last a lifetime. When the market is expanding, you can accumulate money tax-deferred. If there's a downturn, you're protected from market loss. When you’re ready to take income, you can elect a guaranteed “paycheck” to carry you (& your spouse) through your retirement years.
Let us design a plan to help bridge the “income gap” by converting a portion of your personal savings and investments into a stream of income you can count on. We factor in your age, financial situation (assets, debts, income, tax status, how you plan to pay for the annuity), your tolerance for risk, your financial objectives and experience, your family circumstances and how you plan to use the annuity.
Watch this video if have retirement savings in mutual funds do not want responsibility for investment risk or money management decisions.
Watch this video if you do not need to take RMDs. It explains a strategy to convert the account into an income annuity and use those payments to replace the asset with life insurance.