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

Affordable Financial Advisor: Middle Class Financial Advisor

Simply put, most financial advisors serve people who already have lots of money. If you’re not wealthy, it can be hard to get objective, unbiased financial advice about your total financial picture. It can also be difficult to put together a financial plan on your own.


If you’re looking to make an investment, buy a financial product or plan for the longer term, whether or not you need financial advice will depend on a number of factors such as what product you are looking for, how complicated your finances and personal circumstances are and your short and long-term goals.

It is possible to find a financial planner who serves less affluent clients.

Mintco Financial Team of Independent Financial Advisors provide personal and affordable financial advice to Americans in the middle class.

A one-on-one relationship is an important factor to many of those seeking a trusted and professional financial advisor. Working with Mintco Financial Advisors, middle class Americans will develop a financial plan and set a course of action toward a strong financial future based on what is most important to them.

Advisors at Mintco Financial are fiduciary and independent means they ONLY work for you and not for banks.

Mintco Financial Advisors bring access to high quality independent financial advice to everyday people. 

" Our team of independent financial advisors provide high quality independent financial advice at an affordable cost. Our services cover most financial matters and include specialist advice in relation to socially responsible and ethical investment. In particular we are dedicated to ensuring that our clients can rest assured their money is invested in ways congruent with their personal values." - says Michael Minter, one of the managing partners of Mintco Financial.

Mintco Financial Advisors are affordable!
 
Call us today at 813-964-7100 or visit our website at www.MintcoFinancial.com

Jessica Simpson Father Buys Life Insurance on her

Joe Simpson secretly took out a $4.5 million life insurance policy in daughter Jessica’s name with himself listed as the sole beneficiary, a source tells RadarOnline.com exclusively.

The policy was drafted around 8 years ago, the source says, and The Dukes Of Hazzard star and her mom Tina only found out about its existence last week.

Tina’s attorneys at Dunnam & Dunnam were made aware of the policy’s existence in a meeting with the Simpsons’ business manager, David Levin, and the source says that both Jessica and Tina are “furious” that Joe had done such a thing without the knowledge of either of them.

“Tina found out about yet another one of Joe’s secrets and couldn’t believe what she was hearing,” the source, who is close to the Simpson family, tells RadarOnline.com.

“It came out in a meeting with David and her attorneys last week that Joe set up a life insurance policy for Jessica 8 years ago that made him the sole beneficiary.

“It was pointed out to Tina that as Jessica’s manager Joe wasn’t doing anything underhanded by taking out a policy to protect his biggest income source, but she was absolutely furious that Joe did it without consulting her or Jessica.

So here it is the question:

Can I buy life insurance for someone else?

The simple answer is, “yes”. You are allowed to pay the premiums and collect the benefits on a life insurance policy that insures a life that is not your own. For example, many people have life insurance on their children. Another example is that companies sometimes buy life insurance on their key employees so that they can recover from the negative financial effect that losing that employee might cause.

There are two things that you need to consider. One, you are going to need to have the consent and participation of the person whose life is being insured. Two, you are going to need to provide a reason to the insurance company that you will be affected financially if the insured dies. The only exception to this is life insurance on children. Usually the parent of a minor can purchase life insurance on the child without any additional reasons. If you have nothing to lose from the death of the person, then you don’t really have an “insurable interest” and in such cases would only gain financially from the death of the insured. Just being a relative does not necessarily create an insurable interest. You will have to prove that you are somehow financially affected by the death of that particular relative.

Speak to a life insurance specialist at Mintco Financial to find out more on buying life insurance on someone else.


Need a Life Insurance Quote?

Call us at 813-964-7100 or get a quote:

http://www.mintcofinancial.com/quotes/whole-life-insurance-quote/

Michael Minter is on NBC Daytime Show: Tips for parents and kids about money

Michael Minter is on NBC Daytime  show: Tips for parents and kids about money

 
Instilling  good money habits in your children is arguably one of life's most important lessons.

Fortunately, with today's technology, there are many ways to make learning about money fun for kids of all ages.

Teaching your kids about money should start as early as possible.

Money must be earned.

There's no entitlement program in life. Kids need to know that they can't just whine for a toy in a store and automatically get it.

Check the video with Michael Minter for more tips.