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Retirement Planning
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Retirement Planning
Everyone works, hoping to accumulate enough funds and assets, so they can comfortably retire and enjoy retirement with their loved ones. Unfortunately, reality is not a comfortable retirement and enjoyable life. Many seniors must work after retirement to make a living. There are many factors that can cause uncomfortable retirement such as an increase in life expectancy and bad investments. However, the main issue without a doubt would be wrong retirement planning.
To ensure that everything, including all the small components of the plan, are right, it must fit harmoniously and must operate fluently for everything to come together at the end. It is always important to look at the big picture.
Retirement Planning
As we always say we never plan to fail we simply fail to plan. It does not matter how much income an induvial make if the retirement gets carefully planned that individual will be able to enjoy retirement with their own living standard.
Retirement requires goals and plans, but without out having a set goal, planning is not possible.
At Apluswealth, we take retirement planning incredibly serious, as it must be. Our experts will work with you to identify your living standard, desired retirement age and how you would want your retirement to look like. Then we will create a plan for you and your family to live a comfortable retirement life.
Retirement Planning does not mean to come up with the plan, invest some money and then leave it with the hope that retirement looks fine. Retirement planning requires an individual to learn about investment options available to them, set goals, come up with the plan and carefully execute that plan till the retirement. That might sound like a lot of work, but with the help of a professional that you can trust and connect to, it all gets easier.
There are two phases to every successful Retirement plan
Retirement accumulation phase is all about saving your money, making smart investment decisions and using all tax advantages available. You can have a great income, well above the average but still, don’t accumulate enough retirement funds because of poor saving habits or lack of planning. Accumulation phase highly depends on thoughtful planning and strong discipline to work. The majority of people will accumulate some funds for retirement, but in most cases its not enough for a comfortable retirement.
Distribution phase is as important as the accumulation phase. After a lifetime of saving and investing and making all the right decisions, you will be in a great retirement position. However, if all that accumulated funds and assets won’t get distributed carefully there is a high chance that your saving will be wasted or even worst, it might run out.
Retirement accumulation phase is all about saving your money, making smart investment decisions and using all tax advantages available. You can have a great income, well above the average but still, don’t accumulate enough retirement funds because of poor saving habits or lack of planning. Accumulation phase highly depends on thoughtful planning and strong discipline to work. The majority of people will accumulate some funds for retirement, but in most cases its not enough for a comfortable retirement.
Is a lump sum of cash invested to produce a monthly stream of income for a fixed period or for life.An annuity is a long-term investment that gets issued by an insurance company designed to help protect you from the risk of outliving your income. Through annuitization, your contributions are converted into periodic payments that can last for a lifetime. Annuities can be bought for safety, long-term growth or for income. There are different kinds of annuities and they each serve a purpose.
Immediate annuity and deferred annuity both can be used for income purposes. With the immediate annuity the income starts as soon as you purchase an annuity which makes it a great option for those in need of income now. Whereas the deferred annuities generate income for the future.
There are two routes to accumulate investment with an annuity. A variable annuity allows you to choose from a selection of investments in securities to build up your annuity and it grows tax-deferred. Even though variable annuity depends on the rate of return, annuity issuer will guarantee a minimum.
The second route is fixed annuity which provides a guaranteed payout.A fixed annuity allows the accumulation of capital on a tax-deferred basis. For a lump sum of capital, a life insurance company credits the annuity account with a guaranteed fixed interest rate while guaranteeing the principal investment.
Annuities are good investments and can be an excellent tool for retirement. Annuity is an insurance product that pays out income and can be used as an excellent retirement strategy.Annuities are a popular choice for investors who want to receive a steady income stream in retirement.
We understand that annuities can be confusing sometimes and there can be a lot of doubt about if annuities are the right way to go or how much to invest to receive enough of steady retirement income. Here at Apluswealth not only we educate you on exactly how annuities work but also show you how to efficiently use it to fund your retirement.
Is a lump sum of cash invested to produce a monthly stream of income for a fixed period or for life.An annuity is a long-term investment that gets issued by an insurance company designed to help protect you from the risk of outliving your income. Through annuitization, your contributions are converted into periodic payments that can last for a lifetime. Annuities can be bought for safety, long-term growth or for income. There are different kinds of annuities and they each serve a purpose.
Immediate annuity and deferred annuity both can be used for income purposes. With the immediate annuity the income starts as soon as you purchase an annuity which makes it a great option for those in need of income now. Whereas the deferred annuities generate income for the future.
There are two routes to accumulate investment with an annuity. A variable annuity allows you to choose from a selection of investments in securities to build up your annuity and it grows tax-deferred. Even though variable annuity depends on the rate of return, annuity issuer will guarantee a minimum.
The second route is fixed annuity which provides a guaranteed payout.A fixed annuity allows the accumulation of capital on a tax-deferred basis. For a lump sum of capital, a life insurance company credits the annuity account with a guaranteed fixed interest rate while guaranteeing the principal investment.
Annuities are good investments and can be an excellent tool for retirement. Annuity is an insurance product that pays out income and can be used as an excellent retirement strategy.Annuities are a popular choice for investors who want to receive a steady income stream in retirement.
We understand that annuities can be confusing sometimes and there can be a lot of doubt about if annuities are the right way to go or how much to invest to receive enough of steady retirement income. Here at Apluswealth not only we educate you on exactly how annuities work but also show you how to efficiently use it to fund your retirement.
Is a lump sum of cash invested to produce a monthly stream of income for a fixed period or for life.An annuity is a long-term investment that gets issued by an insurance company designed to help protect you from the risk of outliving your income. Through annuitization, your contributions are converted into periodic payments that can last for a lifetime. Annuities can be bought for safety, long-term growth or for income. There are different kinds of annuities and they each serve a purpose.
Immediate annuity and deferred annuity both can be used for income purposes. With the immediate annuity the income starts as soon as you purchase an annuity which makes it a great option for those in need of income now. Whereas the deferred annuities generate income for the future.
There are two routes to accumulate investment with an annuity. A variable annuity allows you to choose from a selection of investments in securities to build up your annuity and it grows tax-deferred. Even though variable annuity depends on the rate of return, annuity issuer will guarantee a minimum.
The second route is fixed annuity which provides a guaranteed payout.A fixed annuity allows the accumulation of capital on a tax-deferred basis. For a lump sum of capital, a life insurance company credits the annuity account with a guaranteed fixed interest rate while guaranteeing the principal investment.
Annuities are good investments and can be an excellent tool for retirement. Annuity is an insurance product that pays out income and can be used as an excellent retirement strategy.Annuities are a popular choice for investors who want to receive a steady income stream in retirement.
We understand that annuities can be confusing sometimes and there can be a lot of doubt about if annuities are the right way to go or how much to invest to receive enough of steady retirement income. Here at Apluswealth not only we educate you on exactly how annuities work but also show you how to efficiently use it to fund your retirement.
You ask the question, we will find the answer
Call us at 1-888-461-6120 or schedule a call for a later time.