Build your pension: Annuity is your lifetime income

 

 

Steps to Your 'Personal Pension'

Most important steps to securing your retirement income:

1.    Spread your investment dollars among as many non-correlated income-producing assets as possible (global bonds, dividend paying stocks, private REITs, MLPs, and secured floating income investments to name just a few).

2.    Guarantee your income. Just like the foundation in your home is there to protect you during a storm, the foundation of your income plan should be guaranteed in case the perfect economic storm hits. For better or worse, the only account that can guarantee you a lifetime income is an annuity. Annuity options are plentiful—many aren’t that great—so carefully compare fees, risks, and potential performance.

3.    Set reasonable goals. Generating a 5-6 percent cash flow (adjusted for inflation) with a responsible level of risk is reasonable. Could you generate more? Sure, with more risk, but is it really prudent to accept a greater risk of running out of money? There are no do-overs in life and in retirement this is one area of planning that you must get right!

 

Speak to an independent financial advisor to review the best annuity for you.

Mintco Financial Team of Independent Advisors can help you to build your own pension.

Mintco Financial Advisors are fiduciaries and will work ONLY for the benefit of their clients.

Call us at 813-964-7100 or visit our website for more information: www.MintcoFinancial.com

 

 

 

 

 

Pension: How to create your own pension

Imagine a retirement-savings well that never runs dry, no matter how long you live. If that's the dream of future retirees, why are annuities, which make that very promise, such a minuscule part of our collective nest egg?

In exchange for a lump sum, annuities guarantee retirees regular payments for the rest of their lives. Sounds attractive, but investors have long shunned annuities, citing high fees, low returns and inability to bequeath the money to heirs. Worst of all, there's the "bus" risk -- that is, the chance of getting hit by one, or meeting some other untimely demise and not getting your money's worth. 

As an investment, an annuity just doesn't stack up.

But if your objective is to ensure enough money to live on no matter how long you live -- think consumption instead of accumulation -- then an annuity is a no-brainer.

 

Basically when you get buy annuities, you are buying your own pension.

 

An annuity can be used to assure that you’ll be able to cover key nondiscretionary expenses, no matter how long you live or how your portfolio fares. Start with a budget projecting monthly costs for shelter, food, utilities, and health care; then subtract Social Security and any other expected guaranteed income payments. The gap figure could be plugged with an annuity.

 

Annuities have other advantages, in addition to their lifetime guarantees. They're very user-friendly, because your monthly paycheck gets automatically deposited in your checking account. You don't need to make decisions about how much to withdraw or how to invest, which can protect against mistakes and fraud that can happen in your later years if you become less able to manage your money.

 

Deciding how to generate retirement income from your savings is one of the most important financial decisions you'll ever make. It's well worth your time to consider all your options.

 

Mintco Financial Team of Advisors can help you to build your own pension. Do not delay what you can do today, call us at 813-964-7100 and start you plan to build your own pension.

 

Visit our website for more info:http://www.mintcofinancial.com/quotes/annuity-quote/

Fixed Index Annuity: Say NO to Money Market

 

Is your Bank (Money Market) paying you average 0.12%? 

Are you nervous to look for an alternative that will pay you more? 

There is an alternative if you look for safety of your principal. 

There is a potential alternative to grow your money safely. 

Answer: 

Fixed Index Annuity

 

With an FIA, you can have the confidence that your money can continue to work for you, no matter how Wall Street is performing or how the Fed is moving interest rates.

 

Fixed Index Annuity can provide you secure accumulation opportunities, relatively good returns with principal protection and, equally important, the option to create predictable, guaranteed retirement income for many years to come. 

 

Give Mintco Financial can provide you an illustration where you will be able to see your own money’s growth potential over time to be hundreds or even thousands of Dollars more than your current product at your local Bank.

 

Call 813-964-7100 or visit www.MintcoFinancial.com