INVESTMENT SERVICES
Fixed Indexed Annuities
With Fixed Indexed Annuities, premiums are tied to an index and credited in a similar fashion to Indexed Universal Life (IUL's). As with IUL's, Fixed Indexed Annuities offer principal protection and a death benefit, with the possibility for gains contingent upon market performance.
-
A type of tax-deferred insurance product.
-
Can be structured to provide income for life, acting as another resource for retirement income.
-
Provides protection from market decline with a guaranteed floor.
401K, 403B & 457B Rollovers
When you leave an employer for non-retirement reason, for a new job, or just to be on your own, you have options on what to do with your 401K, 403B and/or 457B. 9 out of 10 times, doing a 401K/403B/457B Rollover is the best route to take.
-
It includes a wider array of investment options compared to most 401K, 403B and/or 457B plans.
-
You have the most control and the most choices if you own it vs still at your old employer.
-
Cashing out a 401K, 403B and/or 457B is typically not the best option because of the penalties for early withdrawals.
Individual Retirement
Account (IRA)
A IRA is a tax-advantaged account that individuals use to save and invest for retirement. The Internal Revenue Services (IRS) also uses the term "individual retirement arrangements" to broadly refer to IRAs.
-
Investments range from financial products including stocks, bonds, ETFs, mutual funds, etc.
-
Withdrawing money before age 59 1/2 will usually incur a early withdrawal penalty of 10%.
-
Contributions and income limits for IRAs change each year.
Roth IRA
A Roth IRA is an Individual Retirement Account (IRA) that allows qualified withdrawals on a tax-free basis provided certain conditions are satisfied. It's similar to traditional IRAs, how they are taxed being the biggest distinction.
-
Funded with after-tax dollars. Making the contributions not tax-deductible.
-
Once start withdrawing funds, the money is tax-free.
-
Best when you think your tax bracket will be higher in retirement than they are right now.
Long Term Care
Long Term Care provides nursing-home care, home-health care, and personal or adult daycare for individuals age 65 or older or with a chronic or disabling conditino that needs constant supervision. It offers more flexibility and options than many public assistances programs, such as Medicaid.
-
Usually covers all or part of assisted living facilities and in-home care for people 65 or older with a chronic condition that needs constant care.
-
Helps cover out-of-pocket expenses that would quickly deplete the savings of an individual and/or their family.