Annuity Quote and Advisor in Florida

All of us have monthly bills and obligations, even if you consider yourself "debt free." For the planner types out there, it's good to know that you have enough guaranteed income for your life (and your significant other's) so that you can fully enjoy your retirement years. It's not about the market, it's about lifestyle. And that lifestyle has to be funded by guaranteed income streams.

Some of the possibly needed income gaps can be filled with annuity transfer of risk strategies like immediate annuities or longevity annuities.

Whether you are already retired, or have a target date when you plan on retiring, it's important to know the specific dollar amounts of your retirement income sources.

Some sources of income are:

Social Security, Dividend Income, Pension Income, Annuity Income.

If you do not have enough retirement income to cover your lifestyle, below are some annuity strategies that can fill the needed income gaps. Annuities allow you to contractually solve for a guaranteed monthly or annual dollar amount to cover the exact amount needed for life.

Income needs now — Single Premium Immediate Annuities can be set up either single life or joint life to provide an income stream that you can never outlive. You also can combat inflation by attaching a contractual COLA (Cost of Living Adjustment) that increases your income annually by a specific percentage that you choose at the time of application.

Income needs later — Target-date income planning, or income later can be achieved by using longevity annuities or income riders attached to deferred annuities. COLA riders can be contractually attached if inflation is a concern. Using annuities for income later planning allows you to know the exact dollar amount of lifetime income stream that will start on a specific date in the future. For the detailed planner, this is a great feature.

Split annuity strategy — You can combine both income now and income later strategies to contractually guaranteed income streams to start immediately and at specific date(s) in the future. You also might be familiar with this approach also known as a bucket strategy, where different tranches of money create income streams at different designated times.

Achieving your retirement income goal, and covering those income needs for life, is one of the final hurdles that all of us want to achieve. For most people, utilizing these strategies is the only guaranteed way to get there.

If you have any questions or need an annuity quote please call 813-964-7100 or visit www.MintcoFinancial.com

We are a team of independent financial advisors with offices in Tampa, FL and Buffalo, NY.

We will be glad to help you to achieve your retirement goals and keep your lifestyle after retiring.

Call us 813-964-7100

Fixed Indexed Annuity: When you desperately need help planning for retirement

The greatest fear of most retirees is the risk of longevity: outliving their money. The meltdown of retirement accounts, rising medical costs, uncertain entitlement programs and higher taxes have added to the risk. Facing 30 years of retirement living on past savings and Social Security benefits is a scary reality. What can be done?

To handle other unaffordable risks you buy insurance. The same companies that protect your home, life, health and auto can also protect you from the risk of longevity. The basic principle of all insurance that makes coverage affordable is “pooling of risks”. Since the greatest fear of retirement is outliving your money and your remaining life span is uncertain, the solution is to insure the unaffordable risk. Let’s see how this is done.

Insurance companies issue fixed annuities, which can be turned into guaranteed lifetime incomes. You can accumulate your retirement money in an annuity over time, or you can fund the annuity lump-sum. Fixed annuities are backed by the assets of the insurance company, guaranteed to give you a positive rate of return which is free of income taxes until the earnings are withdrawn, and offer you numerous other choices. At the date you select, you can turn your annuity into a lifetime of monthly checks you cannot outlive. The insurance company guarantees you a lifetime of income, regardless of how long you live. You can later change your mind, stop the income and take your money lump-sum. If you die prematurely, your heirs are paid the balance of your account.


With an annuity, you can have a guaranteed income stream, immune to market gyrations. This income stream will give you the ability to budget for your finances in retirement, even allowing for things such as vacation funds...

Fixed Indexed Annuities can give you a chance to positively change your future.

Combine your guaranteed lifetime income with Social Security benefits, and you have a comfortable and safe retirement with very little planning.

Call Mintco Financial Advisors today and ask about a fixed annuity with a Guaranteed Lifetime Income Benefit Rider.

Phone: 813-964-7100 or visit the website www.MintcoFinancial.com

Suze Orman and annuities as an income in your retirement plan

 If you are those people that only listen Suze Orman for advice, it is time to figure out your retirement choices. And YES, Suze Orman agrees to have annuities if you are thinking of your retirement income.

Here what Suze Orman says about Annuities and Retirement:

"We have seen how TSAs make sense, and sometimes index annuities, but there is also one other circumstance. If your goal is to have income during retirement years, you do not want to take any risk with this money, you want to avoid paying taxes now, but you are still not currently in a high enough tax bracket to make municipal bonds make sense, and lastly feel that you will be in an even lower tax bracket when you retire, then I do have to say that a single premium deferred annuity is great."

EXAMPLE:
You deposit $25,000 into a SPDA, and over the next 15 years it pays you an average of 5% on your money. Tax deferred, your money will grow to $51,973. Now you need income. Simply start taking the interest from the $51,973. If the interest rate you are offered is 6%, there would be a total of $3118 a year on which you would owe taxes. If instead you had kept that money in a bank's certificate of deposit, and let's say you were in the 15% tax bracket, over the same 15 years, you would only have accumulated $46,675. The income on that 6% interest would only be $2800 on which you would owe taxes. If you put your money in an SPDA, and it performed as it did in our example, this would mean $318 a year difference in income to you. Remember, every penny counts, especially during your retirement years. When you take into account how much money you really did invest and the real rate of return your money earned over the long haul, the difference could be a significant amount.

Mintco Financial Team does specialize in retirement annuities, if you would like to speak to an expert, please let us know a good time and date that is most convenient to schedule a time to call you, and a good number to call. Also, which state do you reside in, as each state's products can vary.

Call us at 813-964-7100 or visit our website www.MintcoFinancial.com

Annuity Quote: http://www.mintcofinancial.com/quotes/annuity-quote/

Michael Minter is a managing partner of Mintco Financial and author of the bestseller financial book I-PLAN.

Mintco Financial: Who We Are

http://www.youtube.com/watch?v=-hP2TObDRfg

President Obama does not agree with Suze Orman

Obama is promoting annuities to help retirees have  an income for life. He does not agree with Suze Orman when she says annuities are bad for you. "Bad  is running out of money in your golden years" - says Obama.

Top Five Reasons the President is Promoting Annuities:

1. Guaranteed payments: throughout the recent crisis, not one annuity provider ever missed a payment - not even one;

2. Unparalleled consumer protections: provides insurance benefits and peace of mind no other product can;

3. Resilience: the overall value of annuities have already regained pre-crisis levels while payments never decreased;

4. Save now, pay later: allows tax-deferred savings until you withdrawal the money;
5. Possibilities without pitfalls: provides risk-adverse consumers the opportunity to re-enter the market but with guarantees.

Obama knows that Social Security alone, especially in its ever-diminishing state, will not be enough for Baby Boomers when they retire.

The security and value of guaranteed income through insured retirement strategies has never been more apparent following the recent economic crisis.

These strategies help investors achieve a financially secure retirement.

Annuities can play a vital role in ensuring all Americans to have a comprehensive retirement plan to guarantee income for their golden years.

Call Mintco Financial Specialists to review if Annuities can be part of your retirement plan.

813-964-7100 or visit our website: www.MintcoFinancial.com

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Need an Annuity Quote in Florida?

 
Annuities, which are insurance contracts, come in many shapes and sizes. They include fixed-rate, in which the principal compounds at a pre-set rate; variable, in which the principal appreciates based on the performance of an underlying mix of stocks and bonds; deferred, which require an upfront investment with payouts down the road, and immediate, which turn a lump sum, upon purchase, into guaranteed monthly payments for life. 

One attractive feature of annuities is that, as with most individual retirement accounts, or IRAs, balances grow tax-deferred until withdrawals begin. Even more important these days, annuities help remove investors' worst fears: losing principal and running out of money in retirement.

Variable annuities also resemble an IRA because withdrawals can begin after you turn 59½. But there the similarity ends. Given a dizzying number of features and restrictions, contracts for some annuities -- variable and otherwise -- can run 300 pages or more. And because each comes with its own small twists, these products can be very difficult to compare.

People who buy annuities are those who want to save money for the future, or those who are currently making large salaries, but aren't sure how consistent the salaries will come in. For example, professional football players may make $1 million a year, but only be able to play professionally for five to 10 years. A lot of professional athletes invest in annuities to ensure that they get monthly payments back over their lifetime, so they don't spend all their money at once and have a monthly stream of income during retirement. 


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