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FIXED INDEX ANNUITY
Secure Growth with Market-Linked Potential
A Fixed Index Annuity (FIA) is a financial product that combines the stability of a fixed annuity with the growth potential of an index-linked investment. Essentially, an FIA allows you to earn interest based on the performance of a specific market index, like the S&P 500, while protecting your principal from market downturns. This means that even if the market performs poorly, your initial investment remains intact. FIAs offer several benefits, including tax-deferred growth, lifelong income options through various riders, and flexible features that can be tailored to your specific financial goals. These annuities are ideal for individuals looking to secure their retirement savings with a balanced approach that mitigates risk and offers upside growth.
As Traditional Pensions Disappear and Social Security Evolves, Are You Prepared to Fund Your Own Retirement?
With traditional pension plans becoming a rarity and Social Security benefits undergoing changes, the responsibility for funding retirement increasingly falls on your shoulders. In light of these shifts, it’s crucial to ask yourself: Are you taking the necessary steps to secure your financial future?
Benefits of Fixed Index Annuities
Fixed Index Annuities (FIAs) offer a range of benefits that make them an attractive option for retirement planning. Here are some of the key advantages:
Tax Deferral
All Annuities are tax-deferred allowing the growth to accumulate without the need to pay taxes on the earnings until you withdraw those funds. As a result, you can benefit from compounded growth on earnings that might have otherwise had to be paid in taxes (Not a unique benefit for qualified plans).
Principal Protection
Your original deposit will never decline as a result of a declining market--It can only rise! And, this can be accomplished without any fees or expenses. Additionally, the power of the "annual reset" eliminates the need to recover from a "down market" year after year. It's one of the most intriguing characteristics of an FIA and the reasons Americans are pouring millions of dollars into these plans year after year. Please reach out to us for additional details on how you can take advantage of the annual reset provision for your retirement.
Lifetime Income
A rider is often available for an additional cost to guarantee set payments regardless of how long you and your spouse (if elected) live. Or, get lifetime income through annuitization at no additional cost.
Earnings Credited
At the end of each term, earnings are credited; at that point, they may be affected by negative index performance. Earnings can, however, be limited by the policy's spread or cap rates. Some carriers may offer a feature that allows you to take advantage of index highs during your term.
Flexible Features
FIAs can be customized with various options to meet your specific financial needs and goals. This might include features like inflation protection or long-term care riders.
Beneficiary Protection
You can pass assets to beneficiaries and avoid costly probate. Optional riders, available for an additional cost, can enhance the amount your beneficiaries may receive.
Spousal Benefits
Most companies' carriers do offer a joint payout option that provides payments throughout the life of either spouse upon the first passing. It is the security and peace of mind that most people are searching for. You can even qualify for plans that allow the income to increase over the life of ether spouse.
Growth Potential
With FIAs, you can earn interest based on the performance of a selected market index, like the S&P 500. This gives you the opportunity to benefit from market upswings while avoiding direct exposure to market volatility.
By combining these benefits, Fixed Index Annuities offer a balanced approach to retirement planning. They provide the security of principal protection while offering the potential for growth, making them a valuable addition to a well-rounded retirement strategy.
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