The Modern Version of a 2000-year-old Financial Tool 🔧 ⚙️

(checkout the video on this too)

You work decades to accumulate enough money for retirement.

You work hard, you save money, you invest responsible, you weather the ups-and-downs of the market, and eventually, you get to a point where you think you have achieved a “critical mass” (or enough money to sustain your lifestyle until you die).

But, that’s only half the equation.

Getting to the point where you can retire mathematically is one thing.

But executing a successful retirement takes a completely different way of thinking.

The second half of retirement planning is focused on executing an effective distribution strategy to ensure that you never run out of money in retirement (which is retirees number 1 concern).

To do this, you need to turn that big nest-egg of investment assets into income.

Figuring out exactly how much you need in retirement comes in the form of an income analysis (this is what I do for people all the time).

This income plan will tell you exactly how much of your retirement assets should be labeled as “income”, and how much should be labeled as “discretionary” spending (traveling, new cars, spoiling grandkids, stuff like that) 😏

You take all of your guaranteed income sources and create an income floor for yourself, which is a baseline level of income that will be guaranteed for life (this is primarily to cover all living expenses in retirement).

The rest of the money should be positioned for the fun stuff!

If social security, pensions, and other guaranteed income sources aren’t enough for your income floor, the best way to create additional guaranteed, lifetime income is with an annuity.

Now maybe you’ve heard of annuities, and maybe you have your opinions on them, but these have been the go-to income-insurance vehicle for centuries…

But, they work VERY differently than they used to, and they have a lot of features today that make them even more valuable as a piece of your overall retirement plan, here are a few:

☑️ 100% Guarantee on your deposits

You can’t lose money and keep full control of your assets (you aren’t relinquishing control of your money to an insurance company like most people think).

☑️ Upside with no downside

Your account will be tied to the market, so when the market does well, your account grows safely and productively, BUT if the market goes down you don’t lose a dime!

☑️ Tax deferral on all of your growth

Many annuity vehicles don’t have an income component and behave almost exact like CDs, however, they have one benefit that CD’s don’t offer… They allow your money to grow completely tax-deferred within the account.

When you’re not paying taxes annually, your money is able to compound much faster and you are able to shield yourself from unnecessary taxes.

☑️ A guaranteed lifetime income stream

This is obviously one of the big reasons you may want an annuity as part of your retirement plan, because it’s the best way to provide guaranteed income that you can NEVER outlive.

But, many people think you give up control by funding an annuity contract. This is false. You have complete control of your money, and you get to decide when you turn the income on (if you decide to at all)!

☑️ The remaining contract value transfers to your beneficiaries (it’s not swallowed up by the big insurance companies)

Many people believe that once they “annuitize” their money they are giving it to the insurance company, and if they die early, the annuity company “wins”.

Annuities used to work this way, but they don’t anymore.

Your annuity always has a contract value that is YOURS, and when you pass away, the remaining balance is passed to your beneficiaries just like a life insurance policy.

☑️ No Annual Management Fees

Growing your money within an annuity contract not only allows you complete protection from down markets, but it also allows you to escape from the annual fees of a traditional investment account.

Growth annuities allow you to grow your money without risk, and without any management fees whatsoever.

☑️ Can be completely tax-free if structured correctly

Annuities can be structured within tax-free vehicles, but they can ALSO give you the flexibility to move money within the contract to create a tax-free retirement if you’re not already positioned for that.

These are called Roth conversions, and many annuities companies allow Roth conversions to take place at any point throughout the life of the contract, with no penalties, and no interruptions of growth or income.

Message me for more info 😎 💬