Art Cambridge Financial Fixed guaranteed annuities,equity indexed annuities,cash for life SPIA annuities
New!! Daily Annuity rate change update by e-mail Call 417-869-1300 to get on the list!
Many of my clients had retirement funds protected from the market crash of 2008-2009 by having some of their retirement funds invested in fixed guaranteed rate annuities.
In addition many clients were able to maintain guaranteed monthly retitement cash flow from their fixed guaranteed payout annuities which are not affected by market volatility.
Planning or thinking of retirement ?
Need a cash flow for life in retirement ?
Annuities could be a very important part of your plan!
What is an annuity?
An annuity is an investment that provides you with a regular fixed income for a lifetime or a specific number of years. Basically annuities fall into two phases. One builds funds for a future date (so is deferred) and the other spendsfunds (so is immediate) and provides you with a regular cash flow over a period of time.
A A deferred annuity can help youbuildyour retirement funds for a future date.50-65 is where most of the action is!
A An immediate annuity can help youspendyour retirement funds from a certain date65+ is where most of the action is!
Tax deferred growth.....what you need to know.
A deferred annuity is a type of personal retirement account that allows you to grow your assets on a tax-deferred basis for long-term goals, like retirement.But as you know with Uncle Sam there is always a payback time.Talk to your financial planner and CPA about current and future taxation situations you may face in your retirement years. In particular ask them about ages 59/2 (penalty for early withdrawal) 62 (early social security payments) 70/2 (minimum distribution requirements) and how they they may affect your retirement and cash for life planning.
By now you will probably see that investing in an annuity is part of a much bigger retirement and cash flow for life planning decision.
There are thousands of annuity products on the market and many elements can often be confusing.
Art tips Here are my 7 top annuity buying tips!
Do not buy something you do not fully understand.
Understand the difference between a safe money investment and a risk money investment.
An annuity is only a part of a financial plan that may or may not suit your needs. (Annuities are sold with needs suitability forms to help you determine your needs.)
Understand the financial early penalties of cashing in an annuity before it matures, (called early surrender charges.)
Shop the total market as it changes daily.
Seek advice from your CPA of CFP.
Never be pressured or rushed to buy a financial or insurance product.
We have a specialized CPA annuity adviser for fixed deferred annuities and variable deferred annuities. See if and how they can fit in your cash for life plan call us today 417.869.1300 and ask for Marvin Miller our CPA annuity expert.
What types of deferred annuities are there?
There are two types of deferred annuities:fixed deferred annuities and variable deferred annuities.The interest your investment earns can be based on a fixed rate or a variable rate based on stocks, bonds and money market performance. There are benefits and risks associated with each, so make sure you understand your options.
A financial life stage planner will be able to give you more details of the annuity strategy that may be right for your situation.
You may be interested in some definitions here.
A fixed multi year guarantee annuity guarantees a fixed interest rate for a fixed number of years. It is sometimes compared to a CD type investment with a bank.
Click the two links below for information on Variable and Equity Indexed Annuities from the (SEC Securities Exchange Commission)
We are here to help you make the best choices.....call us for an appointment, advice, help or direction....no obligation. 417.869.1300 Art Cambridge financial servicing Springfield metro and Southwest Missouri. Life Insurance, Long Term Care Insurance, Health Care Insurance, Parents Needs Planning, Estate Planning, Cash For Life Planning, Fixed Rate Annuities, Equity Indexed Annuities, Single Premium Immediate Annuities SPIA , Medicare Medicaid Planning, Medicare Parts A,B,C,D choices.
This web site is provided as a courtesy and for general information purposes and does not modify the provisions of any policy. The material contained on this web site is offered for the purposes of education and information only and is not a substitute for obtaining advice from a legal, tax or other qualified adviser.
This web site provides links to other web sites for your convenience and informational purposes only. We make no representations as to the accuracy or completeness of the information contained in the linked sites. We do not promote, sponsor, monitor, endorse or maintain these other web sites and assume no liability for the content to presentation of linked sites.
