100% Protection, Is That Truly An Option?

Most people would love to have the safety of the bank in their retirement planning, the problem? Banks usually pay little to no interest. Recently a national brand bank was paying an interest rate of .010% APY( Annual Percentage Yield) on a 12 month CD. That is hard to believe. To keep up with the typical rate of inflation is usually 2.50%. In some years, that rate is higher. In some years, that rate is lower. This means that to keep your money at its current value, you should be at least earning 2.50% a year on your money.

In most cases, that is simply impossible to achieve at a bank, so what other option do people typically look at? The Stock Market. The Stock Market can be a great asset in growing your money, but the underlying issue is that the stock market also can leave you 100% exposed to market risk! Is there an alternative that will offer you the bank's safety and afford you the ability to make between 4.00-7.00 of interest each year? Yes, there is. What is this type of account? These programs are referred to as Equity Indexed Annuities or Fixed Indexed Annuities. Sometimes, there's a bad association with the name annuity when you hear the word Annuity. You may have looked into these programs in the past, but we're told that they are risky or that they tie your money up for long periods. That is not the case. We offer all kinds of Fixed Indexed Annuities depending on your interest. Some of our Annuities give you complete access to your original investment at any time. Yes, that means that if something comes up down the road, you can get your money back with no penalty whatsoever. Other accounts allow you to pull out 10% of your money at any time. So whether you would like to have the option to pull all of your money out at one time or just a tiny amount periodically, we can find the right plan for you.

Now please be aware that all Annuities are NOT created equal. We tell our clients to stay away from Variable Annuities. Why is that? They usually have HIGH management fees associated with them. Having your money invested in a Variable Annuity is just like being invested in the Stock Market. You can go up in value and go down in value.

If you are looking at a Fixed Indexed Annuity, understand that you will have two levels of protection in whatever state you live in. The Insurance company you choose will give you 100% protection from loss. Secondly, each state has a financial provision to insure up to $250,000 per person(that amount goes even higher in certain states). For instance, we have provided a link below that explains how a Fixed Indexed Annuity works. This information is found under the section "Types of Annuities." Here is a sample of the information available under that section. "These annuities pay interest by tracking the performance of the index and paying an interest rate based on the gains of the index. An indexed annuity pays interest based only on the upward movement of the market index-losses in the index are ignored. This means there is no market risk with an indexed annuity". Additionally, under the section "Protection of Your Annuity Contract," There is the state provision of dollar-for-dollar protection of your investment up to $250,000. Yes, this is very similar to FDIC Insurance. If you would like specific information about this similar protection in your home state, please submit a request below, and we will provide that information for you.

Would you like a free no-obligation review of your financial accounts? Fill your own complimentary assessment by simply answering a few questions below.

Who is The Florida Department of Financial Services?:

https://www.myfloridacfo.com/about/about-dfs

State of Florida's Financial Provision of Protection: https://www.myfloridacfo.com/division/consumers/understandingcoverage/AnnuityOverview.htm#.Ugu27Mu9KK0

Wondering if your State Provides Protection For Your Money As Well?

Benefit Limits - State Comparison Report (nolhga.com)

Would you like to receive your own free personalized financial assessment? Simply fill out online request below and will provide you with a detailed personal report within 48 hours.