Annuities
Want to find the way to more security with your financial future? Do you want to plan for your future to ensure your retirement is comfortable (or your children’s future is financially sound)?
If you are in need of help finding answers to your queries, Bostian Retirement Planning, LLC can help.
Discussing financial matters always tend to be complicated. Choosing where to put your money and when to do it are two very tough questions. But they are also necessary.
Many of our clients in North Carolina have seen great results from choosing an investment strategy that includes annuities.
Current advisors are not going to agree with our recommendations because, in doing so, they would have to admit that their recommendations were not appropriate. All financial firms have conservation units to try to conserve your business because, once the asset is transferred, the advisor and firm no longer generate any income from this asset. Most risk advisors cannot sell indexed annuities. These annuities are offered by insurance companies; therefore, they will not bring up these tools in client meetings.
Investors have been told time and again that diversification is the key to safety. Although diversification may assist in reducing the risk of total loss, it is not a "foolproof" plan to safety. As Lisa Smith reports for MSNBC's TODAY Money, diversification doesn't always work. Investors are encouraged to appropriate at least a portion of their portfolio to annuities and other investments that are not directly linked to the stock market.
Source: Plan carefully to make sure your 401(k) doesn't flounder | By: Lisa Smith | http://today.msnbc.msn.com/id/43099975
A Fixed Indexed Annuity is a contract between you and the insurance company that issues your policy. Fixed Indexed Annuities are monitored and regulated by the Department of Insurance of the state from which they are issued. The annuity is additionally protected by the financial strength and claims paying ability of the insurance carrier. Each state's insurance regulator maintains jurisdiction over the insurance carrier and determines the specific amount and level of protection to which the individual investor is entitled.
Current advisors will tell you that all annuities have fees. Variable annuities have fees that average 2.5% per year, but Fixed Indexed Annuities do not have any management or contract administration fees. The primary cost to a fixed annuity is committing the money for a period of time. The insurance company pays us and other advisors a commission which does not come from the client's money; the commission is paid from the earnings of the insurance company. As long as you do not select an income rider or take withdrawals in excess of the penalty-free withdrawal amount, you will own your annuity and not incur any fees.
We strongly encourage you to visit the website of the National Association for Fixed Annuities (NAFA) at http://www.nafa.com
A Fixed Indexed Annuity (FIA) is a fixed annuity that provides a guaranteed lifetime income and interest rate while preserving and protecting your investment premium. You do not pay taxes on your premium or interest until you take withdrawals or receive income. Unlike traditional fixed annuities, additional interest may be earned based on positive changes in commonly used financial indices such as the S&P 500 or the Dow Jones Industrial Average. Because the annuity you purchase is indexed, your premium and credited interest can never be lost due to an economic downturn.
There are many options available for withdrawing your money. The annuities we offer allow you to withdraw up to 10% after the first year - without penalty. In the event of premature death, your beneficiaries can choose to receive your annuity's accumulated value as a monthly or lump sum payment.
Unlike most other investment tools, FIAs are designed to provide an increased level of protection against prolonged market downturns. Although the rate of growth is limited, your principal and subsequent market gains are not at risk of loss due to bear markets or weak economic conditions. If the index upon which your annuity is based performs well, you will receive a percentage of that growth. Should the market take a nosedive, your principal and interest earned will not be lost.
Yes, there are; however, most of these options carry with them the corresponding potential for unlimited loss. In addition to being free of management and administrative fees, fixed indexed annuities have the potential to earn more interest than traditional fixed annuities and other safe money alternatives.
As Raymond Bostian always points out at his seminars, there isn't a perfect investment tool. It is our belief that investors should be safer with their money as they grow older. Our average client is at or nearing the age of retirement and wants to preserve and protect their assets. If you want unlimited growth potential and are willing to assume the risk of unlimited loss, then a fixed indexed annuity is probably not the right choice for you. If you are concerned about protecting your principal and enjoying a reasonable rate of return on your investments, then we feel you should join our Bostian Retirement Family.
For many, the particulars of an annuity may be unknown. We will strip away the complex facts and figures and help you understand the basics of your annuity choices.
Read on or feel free to schedule a consultation by contacting us now.
Planning for retirement has changed a lot throughout the years and will continue to do so. The number of pensions that are available is dwindling year after year and the future of Social Security is in doubt. This means it is very important to prepare now for what will happen in retirement. To reach this goal, many people have turned to immediate annuities.
About Immediate Annuities
Before we can explain the details of this product, we need to talk about annuities in general. Annuities are financial products that function as an agreement between a person and an insurance company. The person buying the annuity makes a lump sum payment to the company and the company agrees to make payments back to the owner at a predetermined time. There are two basic types of annuities, deferred and immediate, that determine how and when these payouts occur. Deferred annuities include payouts that are pushed aside to a later time; the payouts of immediate annuities can start immediately.
Immediate annuities are typically selected by retirees who are looking for steady income payments and need them to start soon. Another attractive feature of these annuities is they are tax-deferred, which means you aren’t required to pay taxes on this increase until the money is withdrawn.
There are many companies out there that market immediate annuities, providing you with many different options. To help you make a good decision on North Carolina immediate annuities, Bostian Retirement Planning, LLC can provide you with access to products from several different companies. This structure allows us to select an immediate annuity that will best fit your needs.
Have you started seriously considering your future finances? Do you have a retirement plan that includes your children’s financial future?
It takes a lot of hard work to navigate the world of finances. It can also be quite stressful to decide where and when you need to invest your money. But these types of questions need to be asked (and answered) at some point. Bostian Retirement Planning, LLC is here to help people in North Carolina with finding answers to questions regarding annuities, life insurance and other retirement products. As retirement professionals, we’ll help you stabilize your retirement future.
Fixed annuities are one option that several of our clients have chosen to plan for their future. Like other annuities, the specifics of a fixed annuity can be unfamiliar to many people. Our staff can help you learn about this product and work with you to determine if it is the right choice.
What Are Fixed Annuities?
Annuities work as an agreement between a person and a financial institution, similar to an insurance policy. After paying a premium, the owner of the annuity will be given a lump sum or incremental payments. With a fixed annuity, the owner is given a locked interest rate for a set length of time. This is great for someone looking for an investment that is safe and low-risk.
Advantages of Fixed Annuities
Fixed annuities have been lauded for years as a singularly unique investment strategy that includes incredible benefits. Here are some of them:
- Low-Risk Investment – You know exactly what to expect with this kind of investment.
- Tax Deferral – Your money won’t be taxed until you withdraw your investment.
- Shelter from Creditors – Annuity investments are safe from probate proceedings and cannot be touched by creditors in most situations. Contact Bostian Retirement Planning, LLC
It’s vital to start formulating a plan for the future now, because financial security is an imperative if you are going to enjoy your long life after retirement. Fixed index annuities can help make this happen.
At Bostian Retirement Planning, LLC, you can learn about fixed index annuities from our skilled retirement professionals. We help people with securing their future in North Carolina.
What Are Fixed Index Annuities?
Annuities are similar to other retirement investments and share the goal of long-term financial security for you and your family. But they possess a few unique characteristics.
First, a little about annuities in general. The four basic forms of annuities are fixed, variable, immediate and fixed index. At the base level, they work as a contract between an individual and a financial institution. After paying a premium for a predetermined time, the financial institution will return this investment (with interest) in a lump sum or incremental payments. All money placed into an annuity is tax-deferred.
So what are the specifics of fixed index annuities? This type of annuity is directly linked to a specific financial index, such as the S&P 500. With a flexible interest rate, there could be greater potential for a stronger return. Fixed index annuities let you experience the benefits of a healthy interest rate without leaving you exposed to major stock market risks.
Ed Slott
Raymond, Ryan and Christopher have specialized knowledge and tools to help ensure that IRAs are set up and maintained correctly and are notified of IRA tax changes through email alerts and workshops. They believe it is essential that retirement accounts are properly and effectively incorporated into client retirement plans.