Enjoy tax-free retirement

Have you ever wished you had a crystal ball? Regardless of your age, it would be nice to see ahead 5, 10, or 20 years down the road in regards to your financial future. That is why there is no better time than NOW to start planning your retirement.

A Family Planning for Future

Are you in your 20s?
Chances are you have not thought as far ahead as retirement. Learning to budget now and sticking to it will provide financial success for the rest of your life. If you start setting aside a little bit from each paycheck, you will have financial strength when you are ready to make a future large purchase such as a car, a house or travel destination.

Are you in your 30s?
Life insurance will never be as inexpensive as it is right now, and your options are great. You can choose a permanent policy that builds cash value, and allows you to access that cash when needed. The right policy has the potential to grow yearly without the fluctuations of the stock market. You are at an age where you can take a little risk for a higher rate of return.

Are you in your 40s?
This is a prime time to meet with a financial planner to create a plan for the next 25 years. Explore tax-deferred options instead of T-Bills or bank CD's. An Indexed Annuity is a great alternative because it provides market-like growth potential with zero risk. Also be familiar with your former and current employer's 401K plan to make sure you are not leaving valuable benefits behind.

Are you in your 50s?
Many people at this point in life receive an unexpected lump sum of money from a life insurance payout, estate settlement or other source after a parent passes away. You should strongly consider putting these funds into an annuity. An annuity contract creates a source of continual income so that you can comfortably outlive your assets.

Are you in your 60s?
Social Security becomes less and less reliable every year. Most senior's benefits are barely enough to scrape by, and identity thieves feed on data breaches involving social security numbers. If you have more house than you need, downsizing to a home with lower maintenance could provide the equity you need to boost an annuity. So will withdrawing cash value from a permanent life insurance policy you purchased twenty years ago.

Planning for retirement doesn't have to be overwhelming. The key is to strategize as early as possible so that you can live comfortably and on your own terms when the time comes. Speak to a Life Insurance Specialist today.

Enjoy Tax-Free Retirement!

Looking for tax-free retirement?
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