Guaranteed Lifetime Income Benefits for Fixed Index Annuities in Retirement
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- Опубліковано 11 чер 2024
- It would be nice to have a Guaranteed Lifetime Income in Retirement. When planning for retirement, annuities offer a guaranteed lifetime income option, but it's not for everyone. It's important to understand what you want and your goals in retirement, in order to see if this is an option for you. The first step, of course, is understanding what this option is and its cost to you.
00:00 Introduction
01:50 Why Should You Consider?
08:00 Income for Retirement
20:45 Different Annuities Examples
36:50 Stacking Plan
41:55 Check Out More Videos!
Link to Studies: click2retire.com/Annuityeduca...
#Annuity #retirementplanning #TroySharpe
Working with a CFP® professional can be an important step toward reaching your financial goals. Not only do these advisors meet rigorous education and experience requirements, but they are also held to some of the highest ethical and professional standards in the industry.
Education
CFP® professionals must master nearly 100 integrated financial planning topics, including:
- Investment planning
- Tax planning
- Retirement planning
- Estate planning
- Insurance planning
- Financial management
In addition to completing a comprehensive financial planning curriculum approved by the CFP Board, or equivalent academic coursework, CFP® professionals are required to complete continuing education coursework, including a CFP Board approved code of ethics course, to ensure their competence in financial planning.
Examination
CFP® candidates must pass a comprehensive 6-hour CFP® Certification Examination that tests their ability to apply financial planning knowledge in an integrated format. The exam is notoriously difficult and only 64% of people who took the exam in 2017 passed. Based on regular research of what planners do, the exam covers:
Establishing and defining the Client-Planner relationship
Gathering information necessary to fulfill the engagement
Analyzing and evaluating the client’s current financial status
Developing recommendations
Communicating recommendations
Implementing recommendations
Monitoring the recommendations
Practicing within professional and regulatory standards
Experience
CFP® professionals must have a minimum of three years experience in the personal financial planning process prior to earning the right to use the CFP® certification marks. As a result, CFP® practitioners possess financial counseling skills in addition to financial planning knowledge.
Ethics
As a final step to certification, CFP® practitioners agree to abide by a strict code of professional conduct, known as CFP Board’s Code of Ethics and Professional Responsibility, that sets forth their ethical responsibilities to the public, clients and employers. CFP Board also performs a background check during this process, and each individual must disclose any investigations or legal proceedings related to their professional or business conduct.
This video discusses fixed income investing and utilizes the 10 year U.S. treasury as a general representative fixed income investment. Conclusions reached, opinions stated, and downside risks and potential returns presented should not be construed as applying to other types of bonds or fixed income assets. Other types of fixed income products carry different levels of risk and return potential and should be evaluated as an element of a diversified portfolio with your specific risk tolerance, investment objectives, and timeline in mind. Nothing in this video is investment advice, an investment recommendation, or an offer to buy or sell any security. Investing involves risk.
Do you need a retirement plan beyond allocating funds to truly fit your needs? We can help you create a retirement life plan customized for your retirement vision and legacy. Call us at (877) 404-0177 or fill out this form for a free consultation: click2retire.com/IncomeBenefi...
My paternal grandfather lived to 102 and a maternal aunt lived to 103. Adds a significant dimension to retirement planning
Troy, excellent presentation and series. This helps to clarify many of the nuances of annuities. Thank you!
Terrific presentation, Troy... Excellent part of retirement planning......I love my SPIA.
Good thanks for the education.
Good info
Another excellent video! My comment is for the content of the material. It's hard to find straightforward information on this subject. How can I make informed decisions unless i understand the material. Thank you Troy!
Thank you for the explanations. This is really educational.
Glad you liked this one, @ddk7577!
This was an excellent presentation and confirms my decision to have 2 fixed index annuity‘s both around 250 K
And they represent about 60% of our portfolio
They him perform just like Sean said between 4 to 6% per year and this year I’m sure we will get zero what zero is a lot better than a 30% drop that are mutual funds I’ve gotten
Great stuff. Follows part of the strategy advocated by Tom Hegna.
For a fixed Immediate annuity, what is the driver of payout? Do long term, say 10 year or greater bond yields determine what a monthly payout be? I am looking at taking a lump sum payout for an old pension, and I see various payout amounts weekly. Since the 20 year certain annuity, starting in January, would pay slightly more than the 55% survivor pension, and will pay as long as one of us is alive, whereas if I die with the pension, my wife gets the reduce amount.
Decent video and good attempt to explain a complicated product. This is the single reason I stay away from annuities. I feel I understand personal finances very well, but annuities are clearly stacked in the insurance companies favor with too many "if's & buts". When insurance companies come out with a product that only takes a couple of pages to understand, I might consider it.
I started a SPIA at age 72. I still have a stock and bond portfolio, But especially in this down market, I do love those fat monthly checks. Sleeping well. Don't think of the annuity company as your enemy. It is just a business transaction.
@@pensacola321 I suggest it is a business transaction in favor of the insurance company. I just don't see the value-add. It looks like a deposit where the insurance company gives you your money back slowly, while using the balance to make themselves money.
All financial institutions are stacked in their favor
I want to retire early in Panama. For their "Pensionado Visa", they need verifiable recurring income (pension, ssn, retirement) of $1,000 per month. Would this product work for that?
Also, what if you don’t have a lot of money to invest in an annuity? (Under $200,000) How do you allocate funds to stocks after an annuity?
What if you keep money in CD’s instead of an annuity? CD’s are a safe investment.
Have you ever seen anyrhing more confusing. If you can't explain it in 5 minutes do you really think you should invest in it? Try explaining it to someone.
It is written up by lawyers and would take a lawyer to understand all the paper work.
I do have an annuity but I may regret it, not sure.
HE'S talking about INDEX annuities not SPIA'S run as fast as you can.
I made 21% on my FIA in one year because I purchased it at the bottom when the S&P had tanked. It is a 5 year FIA product. It was flat last year but even if the gain is only 21% over five years until the surrender period I still think I have done well. Many stock accounts are down 20% in the same time frame.
@@robertyoung9589 no way 21% in one year! Indexed annuities are capped somewhere around 4 to 6% per year.
Extremely misleading video. Implies that you would get a 10% return on your investment. If you were able to skip the annuity and find an investment that earns 10%, you could pay yourself the $30,000 a year starting at age 65. At age 90, you would have over $5 million more than you would with this annuity rider. In this example, the return is less than 3.5% if you live until your expected age of 83.
@cynthiadeguchi9857, There are definitely many strategies and no one strategy is right for everyone. We recommend talking with a financial advisor to discuss your unique situation to find the best route to the retirement you're looking to have! We also understand we're not right for everyone and completely respect your opinion! We wish you the best.