Protect and Grow Your Income
Many Americans are concerned that they will either run out of money in retirement or risk not having enough money to maintain the lifestyle they've become accustomed to. That's why monthly income planning is one of the most important steps in creating the retirement lifestyle you want. Don't wait to consider your financial options. Annuities can grow your initial assets while offering protected monthly income for the rest of your life that can fill a critical gap in your retirement funds.
What is an annuity?
An annuity is a contract with an insurance company designed for retirement
purposes. It can provide you with guaranteed monthly income that's
protected and can last for as long as you live. The guaranteed lifetime
income from an annuity can be used to supplement your other sources
of retirement income, such as from your savings, investments and
Social Security. There are a wide range of annuities, all of which
offer protected lifetime income.
Are fixed or fixed indexed annuities safe?
One of the most frequently asked questions from an investor is, "are annuities safe?" When considering fixed annuities,
the answer is yes. Fixed annuities are among the safest investment vehicles available.
Although they are not backed by the Federal Deposit Insurance Corporation (FDIC), fixed annuity providers are required by state law to protect their outstanding annuity contracts with cash reserves on a dollar for dollar basis. Fixed rate annuities are insured by licensed and regulated companies in much the same way as your home or auto insurance, so if you are asking "how safe are annuities?" fixed annuities are very safe.
One of the most notable features of fixed annuities is that the value of the annuity will be guaranteed to be at or above the initial amount you invested. It is guaranteed that you or your beneficiaries will receive back at least what you invested in the annuity. Also there is no loss of principle due to stock market decline.
All Financial growth that occurs with your annuity is Tax Deferred. That means, your initial money plus interest compounds throughout time, and you do not have to pay taxes until you begin to take withdrawals. When you opt for a fixed annuity with an income rider, your payments are part principal and part growth earnings. The principle was put in post-tax so that portion is non taxable. The only portion you will owe taxes on is the earnings portion of your withdrawals.
Customize to fit your needs
One of the great features of an annuity, is the ability to customize it to fit your specific
needs. Whether you are wanting to create a guaranteed income stream for the rest of
your life, or create an estate to pass to your heirs, the options are endless.
Allows for the accumulation of capital on a Tax-Deferred Basis
No loss of principle due to market decline
Access to your money
Annuity Education is Key
If you would like to learn how annuities work, or see if an annuity could benefit you, we are here to help. Our process is quite simple. We will sit with you in the comfort of your own home, and discuss your goals and any future financial concerns you may have. We will discuss the pros and cons of annuity products in a language you can understand. We realize annuities are not for everyone. We also realize annuities can play a very important role in estate planning and safe money investing.
Important Message For Our New Clients:
"For estate and financial planning issues, we are here to help. You never need to feel obligated to do business with us after consultation, and you will never receive a bill for our consulting services."
Gary L. Lovelady
We work as a team, with independent attorneys, tax and financial consultants to better serve our client's needs.