Florida Annuities — Fixed and VariableFlorida 401k RolloversFlorida Mutual FundsFlorida IRAsFlorida 529 College Savings Plans
Achieving financial security so that you’re able to live comfortably during retirement depends on how well you plan and save while working, and how effectively you conserve your assets during retirement. It’s a great way to make sure you’ll be taken care of financially.
Besides taking care of yourself financially, annuities are worth looking into as a means of protection from creditors, an investment option, a benefit to your heirs, a tax deferral, and tax-free transfers among investment options.
An annuity is an agreement between you and your carrier under which the insurance company pays you money for a stipulated period, often for life.
Although the idea of an annuity is simple, it’s also a very old concept, which has resulted in many variables and categories. Some types can be classified in more than one category. The different types are:
- Fixed
Fixed guarantees a minimum interest rate while your annuity accumulates and also guarantees equal check amounts when you withdraw from the annuity.
- Deferred or Immediate
If you want to save for a long-term goal (i.e., retirement) and have no immediate need for the money, you should consider a Deferred Annuity, but remember if you choose deferred, there are penalties and fees for early withdrawal. If you’ve reached retirement or are nearly there, you may want to go with an Immediate Annuity, which guarantees a steady income for the rest of your life, or for a pre-determined time period.
Ask us about other types of annuities, such as Fixed Period, Fixed Amount, or Lifetime, Qualified or Non-Qualified, and Single/Flexible premium.
Call us today, or fill out our
online form to learn about annuities – just another way that we can give you peace of mind and help you rest easier.
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A 401k rollover refers to moving a 401k plan from a former or current employer into either an IRA or another qualified plan. (Most companies won’t allow you to roll out of their 401k plan while you’re still employed under them.) You’re most likely not required to consolidate your retirement accounts into an IRA, but most people choose to do so for a variety of reasons. If you contribute to several 401k plans in your lifetime, you may find yourself doing a rollover more than once.
You can rollover your 401k and choose between fixed annuities, equity indexed annuities mutual funds, individual stocks/bonds, bank CDs, money market accounts, investment real estate (if in a IRA), or a combination of all.
If you’re unsure which 401k rollover option is best for you,
just ask us! It depends very much on your own personal circumstance, individual preference, and your own personal financial objectives.
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There are many issues to consider when investing in a mutual fund. How will our volatile economy effect your earnings? Could a natural disaster strike and cause the investments to weaken? Or do you have a lack of trust in the person managing your transactions?
Protection Connection's Exclusive Financial Specialists can help you with these questions and issues.
Mutual funds are managed money investments gathered from several sources and invested in stocks, bonds, and money-market accounts. Investing in Mutual funds is one way for people without a lot of discretionary income to take advantage of the stock market.
Your peace of mind is our highest priority.
Contact us today to learn more about Mutual Funds!
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Have you thought about saving for retirement? Do you have an IRA account and worry that it will disappear if a disaster strikes?
Take control of your future and talk to one of Protection Connection's Financial Specialists about your options.
An Individual Retirement Account, or an “IRA,” is a personal savings plan that provides tax benefits to those saving for retirement. When you invest money into an IRA, it’s considered a contribution and is therefore tax deductible.
IRA’s are mostly beneficial for those who are self-employed, low-income earners, or employees of companies that do not offer a retirement plan.
Protection Connection gives you options from our Exclusive Financial Specialists for your future investments and your IRAs. Your peace of mind is our highest priority.
See how Protection Connection can help with your future investments and your IRA NOW by filling out our online form!
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College costs are becoming astronomically high, and affording tuition for your children or grandchildren is almost impossible. Why not map out an educational future for them with a college savings plan? Consider a 529 College Savings Plan to assist in the ever-increasing tuition prices.
A 529 College Savings Plan encourages people to save for expensive tuition costs. Not only does this plan offer security for the future, it also provides tax benefits to its participants.
There are two types of 529 Plans: a savings plan which works like an IRA or a 401(k), and a pre-paid plan.
Protection Connection's Exclusive Financial Specialists can give you the details of a 529 College Savings Plan.
Get more information on available plans NOW. It's one of the best gifts you can give your child or grandchild...the gift of an eduction!
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