Are you concerned about the security of your retirement savings?
Considering the record foreclosures, high unemployment, bank failures, and erratic markets of our recent history, you have every right to be concerned. But just being concerned won’t change your situation. You need a financial partner who will help you look at all of your options, objectively. Group 5 Solutions, an independent investment advisory firm, would like to be that partner. Contact us today for a free, no obligation consultation, to see if we can help.
Is an Immediate Annuity Right for Me?
Immediate annuities offer several advantages that could make them worth your consideration. The basic idea of this product is to turn a lump sum of money into a guaranteed income stream. The length of that guarantee, which is backed by the insurer, depends on the product specifics. The payout option can be period-certain (like 10 or 20 years), or guaranteed for the life of the annuitant. When a life payout is used, payments continue until the death of the annuitant, regardless of how long that might be. Care should be used when purchasing these products, since they carry significant liquidity concerns. We can help you look at options from multiple companies to see if these insurance products might be a match to your goals.
Life Insurance Planning
Life insurance is often overlooked, and frequently misunderstood in the planning process. Too often, only short-term needs are addressed by focusing on low cost term life policies. These can be useful tools, particularly for the younger individual, but generally do not address final expense or estate concerns. For these needs, permanent insurance should be considered. But what type of life insurance will match your unique situation? Fortunately, there have been several new products introduced by insurance companies that address specific needs. As an independent agency, we can explore all of the options available with you.
