Safe Money Options

By: Risk Free Retirement Planners - Home of the IRA Guys  04/23/2015
Keywords: Safe Money Options

The New Normal The stock market, as measured by the Dow Jones Industrial Averages, is rising and falling by hundreds of points daily, setting growth records one month and reversing directions the next. The "new normal" gyrations make retirement planning next to impossible because the next prolonged downturn could be the very time you need your money. If your greatest fear is running out of money, and it is for most retirees, being in "the market" could be a self-fulfilling prophecy. Is there a better way? The New Safety Standard Let me introduce you to a safe money option that could be suitable for some of your retirement money: fixed index-linked annuities or just FIAs. FIAs are available from insurance companies that guarantee them with their financial strength. Insurance companies have never let us down in protecting our homes, cars, health, lives, businesses, and more, nor have they on FIAs. The aging of America, fueled by 78 million baby boomers, has given rise to a new type of risk that insurers are willing to assume: the risk of living too long, i.e., longevity risk. How do FIAs work? With an FIA your money IS NOT invested in the stock market; thus, there is no market risk or uncertainty. The interest you'll earn is determined by a market index and if the index rises you'll get some of the gain but none of the loss if the market falls. The cost of "no downside" is not getting all the "upside". This gives you the potential to realize above market earnings. FIAs will not make you rich, nor will you lose money as you can by guessing wrong in the market. FIAs are best for your "later in retirement" money. If you're earning a pittance at your bank, or risking your retirement in the market, you should learn how FIAs can be a great place for some of your retirement money. No Loss, Guaranteed FIA earnings are not taxed until actually withdrawn, just like an IRA or 401(k). This permits you to pay income taxes when you want rather than the IRS deciding when you must. Also, you have limited or full access to your money via free withdrawals annually and generally the full amount if confined to a nursing home or diagnosed with a terminal illness. Your FIA passes directly to your named beneficiary without probate hassles if you don't use it for your retirement or to cover an emergency. But the best part is that you can convert your FIA into a lifetime of guaranteed income that you cannot outlive. Many FIAs guarantee you 7% or more earnings annually IF you later select the guaranteed lifetime income option. This allows you to know today the exact minimum amount of guaranteed lifetime income you'll have when you start taking it – no guess work, no market ups and downs and no risk of loss. Is the FIA safe? No one has ever lost money in an FIA UNLESS they withdrew their money early. All your worldly valuables are protected by insurance companies and you've not lost sleep worrying; thus, why not plan to find out more about FIAs to determine if your retirement peace of mind will benefit? FIAs can change your "hope so money" into "know so money". Talk to me today to see if FIAs can add security to your retirement years.

Keywords: Safe Money Options

Contact Risk Free Retirement Planners - Home of the IRA Guys

Email

Print this page

Other products and services from Risk Free Retirement Planners - Home of the IRA Guys

04/23/2015

Tax Advisory

Our firm offers professional preparation of all federal, state, and local tax returns at competitive affordable rates.


04/23/2015

Social Security

We can help consumers work through plans for retirement, including Social Security, while smoothing out potential surprises and bumps in the road.


04/23/2015

Retirement Income Strategies

Retirement Income Planning helps your nest egg to potentially last 25 to 30 years.


04/23/2015

Retirement Income Planning

We can help you design a guaranteed* retirement income strategy which incorporates insurance and annuity vehicles to create opportunities for long-term growth as well as guarantee income throughout your retirement.


04/23/2015

Medicare Supplement

Our Medicare Supplement Insurance policies can help pay some of your health care costs, including hospital care and doctors' visits.


04/23/2015

Medicare & Health Insurance

Medicare Advantage Plans include the health care benefits of an HMO, PPO or a POS plan and prescription drug coverage.


04/23/2015

Lifetime Income Planning

We can help to develop retirement income plans that you can work with and not outlive.


04/23/2015

Long Term Care Planning

Long Term Care Planning helps to protect you against a 70% healthcare probability.


04/23/2015

Life Insurance

Life Insurance provides the basis for your overall financial strategy and allows you to plan for the future.


04/23/2015

IRA Asset Planning

If you don't anticipate needing your IRA money in retirement, you may wish to consider a legacy planning strategy to reduce taxes and increase the payout your beneficiaries will receive upon your death.


04/23/2015

IRA & 401(K) Assets

When you change jobs or retire, there are four things you can generally do with the assets in your employer-sponsored retirement plan:


04/23/2015

Indexed Universal Life Insurance

An indexed universal life insurance has the benefits of traditional universal life plus the potential for greater growth in your policy value.


04/23/2015

Final Expense Life Insurance

Our life insurance products provide you with affordable rates and an immediate decision at the point-of-sale.


04/23/2015

College Funding

The cost of this goal has skyrocketed in recent years. We have developed an expertise in the area to help