Whether you plan to retire in 5 Years or 20, have you calculated your potential needs? Have you considered the challenges that you may face? Will you have a hedge in place so that you can safely withdraw your retirement funds while managing market volatility? While walking the path toward retirement, it is easy to lose sight of the destination. Mr. Rogers once said that "often when you think you are at the end of something, you're at the beginning of something else."
In today’s World, employer sponsored pensions are not as available as they once were, Social Security may only cover a portion of the income needed in retirement, healthcare costs can be substantial and as time goes by many individuals will need to plan on spending more years in retirement than their parents and grandparents did.
These risks (among others) mean that many of us are becoming increasingly more dependent upon our own savings to generate the income we will need to make it last for the rest of our days. There are a myriad of economic scenarios that could affect your income in retirement. Fortunately, you are not alone in the process of identifying those potential challenges and finding solutions tailored to your unique needs.
My objective is to help you preserve the assets you have worked so diligently to save, position those assets for continued growth and eventual income, help minimize your tax liabilities and protect your financial future. Some of the income strategies we utilize include:
Single Premium Deferred Annuities / Flexible Premium Deferred Annuities / Multi Year Guaranteed Annuities / Fixed Indexed Annuities
Single Premium Immediate Annuities / Deferred Income Annuities / Qualified Longevity Annuity Contracts / Medicaid Compliant Annuities
Cash Value Life Insurance
Limited & Level Pay Whole Life / Indexed Universal Life
Individual & Small Business Retirement Plans
Traditional IRA / Roth IRA / Rollover Services / 401(k) / Group Indexed Annuities - Fully Insured Defined Benefit Plans (Click to learn more)
Annuities can be confusing, but they don't have to be. Let's take a look back in time to explore how the concept originated.
If so, you are not alone. Annuities are a widely misunderstood risk transfer solution.
Do you find annuities hard to understand or do you have questions? Are you curious about questions to ask advisors?
To measure your progress toward retirement preparation, check off your “Done” items from the list.
What is the difference and why would anyone want to utilize either strategy?
James D. Orr - CAS, LUTCF
Do you find annuities to be puzzling? Not all annuities are created equal and they come in many different colors. There are a multitude of varieties that are designed to do different jobs. Since entering the insurance industry in 1997, my goal has been to help consumers and advisors understand these contracts - how they work, when they work well and when they don't.
The Long Run: Women and Retirement
Are your savings on track? Will Social Security be enough? Do you have an employer sponsored Pension?
Stock market volatility can often cause us to feel a certain level of anxiety. Are you feeling prepared for your retirement?
Every time you change jobs, you have some decisions to make about your old 401(k). In this ebook, we outline your four choices and explain the considerations of each.
It's never too soon to start preparing for retirement. But do you know what to look out for? Download our free ebook, "Retire Happy: A Simple Guide to Your Next Big Adventure."