Retirement & Financial Planning
Growing and securing your retirement nest egg is an ongoing battle. There are many challenges you may face when determining the best way to maximize your retirement savings, and without proper financial planning, external factors can negatively impact the value of your hard earned savings. These risks include taxes, inflation, market risk and the risk of outliving your nest egg. Fortunately, insurance products are available to help you address these risks.
Advantages of Indexed annuities: Upside growth potential tied to positive changes in market indexes, principal protection against potential loss due to market downturns through contract guarantees, tax-deferred growth, control of access to your money, guaranteed income for life, flexible income options to meet your retirement needs, full contract value death benefit for designated beneficiaries.
Best Retirement Income Plans
As people approach retirement, market risk with losses is the number one challenge that can negatively impact retirement income. In the past generation, fixed interest rate investments were the best choice to combat this challenge. Today with the low interest rate environment, this challenge is more difficult to manage than ever.
Retirement savings plans require a different strategy than in the past. It is not so much about what is the best interest rate with no risk . It is really about how to increase income in retirement. Our professionals at CLA USA understand the unique challenges of todays conditions and have some of the best options with safe money annuities that can increase your retirement income with retirement annuity plans.
The simplest definition of an annuity is a contract between you and an insurance company. In exchange for your lump-sum premium payment or a series of premium payments, the insurer promises to provide you with a regular, reliable income stream* for a period of time, even for the rest of your life.
The two main types of safe money annuities are immediate and deferred. With an immediate annuity, you begin to receive income soon after making your initial premium payment. With a deferred annuity, your money accumulates before you begin to receive income.