Retirement Income Planning With Annuities

Typically, there are three major changes in the relationship with your finances that occur upon retirement – Managing your lifestyle change, defining your attitude about investment risk, and understanding how your savings will be affected.

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How do you address these realities and create a lifetime income for your retirement? The good news is you are not the only person to wrestle with these challenges, and there is a solution. What you need is a safe harbor for your retirement assets. A vehicle that can outpace inflation and give you the growth you need, provide protection against market risk, and create an income stream that is self-managing and perpetual.

Financial services companies have created products that specifically address these needs and have proven to be a fit for retirees. These products are called Fixed Indexed Annuities (FIAs), and hey offer many benefits.

Growth

Indexed annuities are like other annuities, but instead of growing by an interest rate that is declared by an insurance company, they are linked to the performance of a market index. As opposed to a variable annuity that can up or down in value and doesn’t protect your principal, an indexed annuity has built-in safeguards that ensure your principal, as well as past gains, remain protected.

It is important to note that indexed annuities rarely, if ever, include any fees that would be deducted from your account. On the other hand, variable annuities typically have fees that are assessed even if your account value goes down.

Structured, Lifetime Income

Financial tools are designed to do specific things. For example, life insurance pays a lump sum amount to beneficiaries. Checking accounts are used to pay bills and manage short-term cash. Health insurance helps pay medical bills.

Income annuities are specifically designed to create income – either today or at some point in the future. When you place a lump sum into an income annuity, the plan is custom designed to address a primary retirement need: ongoing income.

If income is not needed right away, these products contain a provision commonly referred to as a “roll-up”, where each year the value available for lifetime income increases by a set amount.

Fixed indexed income annuities:

Can provide an additional income buffer by offering guaranteed* growth and lifetime income
Are insulated from market risk and periodically lock in gains, ensuring you continue moving forward
Can create an income you can’t outlive

Regardless of how you get to retirement or what you goals are, one thing is clear: it can be disastrous if your finances were structured in retirement the same way they were during your working years. Also, retirement strategies are much different today than they were in the past. The economy is completely different. People are living longer, and the tools available to you are more advanced.

Today, you can manage your lifestyle, avoid market volatility, and create a lifetime income by doing a little planning and research. Fixed indexed income annuities can address each of the changes that retirement brings and can help you financially survive, even thrive, during your retirement – and enjoy the next stage of your life even more!

If you are interested in protecting your retirement nest egg, request a free consultation or give us a call today (775 674 2223) for your personalized risk audit and see if a fixed indexed income annuity is right for you.

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At Nevada Senior Advisors we are dedicated to navigating you through the various choices to find a plan that best suits your individual needs.

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What others say about us

We have been VERY pleased with the information and guidance we’ve received from Nevada Senior Advisors. They helped us make some excellent choices in 2008 and feel we have survived the worst of bad times that have come upon all of us.

Ed and AudreySparks, NV

We felt comfortable with Nevada Senior Advisors from the beginning. Since placing our IRA’s with you we sleep better at night knowing that our principal amount is safe.

John and SusanMinden, NV

Nevada Senior Advisors know how, honest recommendations, and integrity in their business practices makes them a company you can trust. They will work hard for you.

MelReno, NV

They always take the time to meet with us whenever we need to explain any questions or concerns we might have. We look forward to continuing our long term relationship with Nevada Senior Advisors.

Gil and MargeWashoe Valley, NV

We are certain that others who come to you for financial assistance will be as please as we have been. We have never had such good service with any other advisor that we have dealt with in the past. You have our complete trust at all time which is a very good feeling for us.

Don and DorisCarson City, NV

* Safety and guarantees are based on the claims paying ability of the company and terms of the contract being honored. Surrender charges or penalty for early withdrawal may apply. There is no such thing as a perfect financial tool. It is important that you make an informed decision based on your unique financial goals and objectives, and understand the product you are considering purchasing. Annuities are designed to be long-term accumulation or income vehicles. As such, there are typically stipulations within the contract that may limit the amount of money you can access, or when you can access it, without incurring a surrender charge or loss of value. These stipulations will be clearly described within the issuing company’s sales literature, or the annuity contract itself. Also, as opposed to some other types of investments, money withdrawn from an annuity may be subject to penalties if withdrawn prior to age 59 ½, and is commonly taxed at ordinary income tax rates, as opposed to capital gains tax rates. If you have questions about how these rules may impact your individual tax situation, it is best to consult with your tax professional.

Disclaimer

All written content on this site is for informational purposes only. Opinions expressed herein are solely those of Nevada Senior Advisors and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual advisor prior to implementation. Fee-based financial planning and investment advisory services are offered by Nevada Retirement Planners a Registered Investment Advisory in the State of Nevada. Insurance products and services are offered through Nevada Senior Advisors. Nevada Senior Advisors and Nevada Retirement Planners are affiliated companies. The presence of this web site shall in no way be construed or interpreted as a solicitation to sell or offer to sell investment advisory service to any residents of any State other than the State of Nevada or where otherwise legally permitted. Nevada Senior Advisors, Nevada Retirement Planners are not affiliated with or endorsed by the Social Security Administration or any government agency. This content is for informational purposes only and should not be used to make any financial decisions. Exclusive rights to this material belong to Nevada Senior Advisors. Unauthorized use of the material is prohibited. We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.