Building your wealth is, of course, essential to reaching your financial goals. But protecting your wealth is just as essential and too-often neglected. Insurance and annuities are two areas to help preserve your wealth for you and your heirs.
Annuities are financial products designed to convert a lump sum or series of investments into a steady stream of payments at a later point in time, often during retirement. As long as the issuing institution doesn’t default on payments, annuities are one option of generating stable retirement income and can help savers avoid large losses in stocks or other sometimes-volatile markets. We believe annuities are especially important for people with $300K to $5M in investable assets.
Insurance is a key means of assuring your heirs are cared for financially when you’re gone. Life insurance payouts may be tax free for your heirs, which allows you to spend down your own nest egg while still passing assets to loved ones.
We find many have not identified, quantified, or strategized for the common risks they face today. As a result, many have not done the proper planning, don’t have adequate coverage, and may not have designated beneficiaries correctly. There are many strategies designed to deal with these issues – ones our planning clients currently employ.
Complete the form on the right to contact us and learn how insurance and annuities can play a key role in your portfolio.
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