Retire on Your Terms: Solutions for Retirement & Income Protection
Protect Your Tomorrow, Today…
Planning for retirement, whether that’s five years away or 25 years down the road, is something each of us needs to consider. Making smart choices about how much money you save, and what retirement planning savings vehicles you use, can mean the difference between having the income you need in retirement to live the lifestyle you want, or struggling financially. There is no one-size-fits-all solution when it comes to saving for retirement, but if you prefer a product that offers safety and guarantees, you may want to consider the retirement protection benefits offered by an indexed annuity.
At Downes-D’Alessio Life Insurance & Retirement Protection Solutions, we understand insurance and retirement products. Rather than trying to sell you proprietary products, we work with more than 30 insurance carriers to create custom insurance policies and annuity contracts for our clients.
We understand that everybody has a different financial picture, and different goals, so we never take a cookie-cutter approach. We will take the time to fully understand your family’s needs, budget, and concerns so that we can find the perfect fit for you. We are fully committed to protecting your life’s journey.
Retirement Planning
We assist our clients in moving retirement money, like 401(k) and IRA accounts, into protected accounts that can be guaranteed against market-based losses. These accounts are linked to the market for returns and can include guaranteed lifetime income riders.
Tax-Reduction Strategies
You’ve spent years building for your dream retirement. Don’t lose your hard-earned assets to unnecessary taxes. We will optimize your accounts and your financial plan to reduce taxes on your retirement income, so that you can keep more of what you've worked so hard for throughout your life.
Income Planning
This comprehensive process includes the creation of lifetime income with the guarantee of an income stream you can never outlive through the use of an income rider within an annuity.
Would a 25% bonus on your existing retirement accounts, along with indexed growth, having no downside market-linked risk of loss, secure your retirement income for the rest of your life?
Retirement Protection
We can move existing retirement money into protected accounts that are guaranteed to not suffer any market-based losses. Retirement protection is guaranteed by using products to ensure income for life, with the use of an income rider.
What is a fixed indexed annuity and how does it work?
When you purchase a fixed indexed annuity as part of your retirement plan, you enter into a contract with the issuing insurance company. During the accumulation phase, when you’re able to add funds, your funds will grow on a tax-deferred basis. When you’re ready to turn your annuity into a stream of cash, you’ll have various payout options to choose from.
Funds invested in retirement annuities grow tax-deferred. When you’re ready to start drawing on your annuity, you “annuitize” the contract and turn it into an income stream so you receive a series of regular payments each month, quarter, or year.
The most common reason many people use annuities is for channeling their savings into a regular INCOME STREAM THAT CAN BE GUARANTEED FOR LIFE DURING RETIREMENT.
Funds from Social Security and pensions may not be enough to allow you to live the lifestyle you want when you retire. Choosing a retirement protection annuity can give you an additional paycheck every month to supplement those other income sources – giving you the funds necessary to travel, pay your expenses each month, buy gifts for loved ones and more.
Annuities aren’t what the used to be. Watch this helpful video to learn how annuities can be used as a powerful retirement tool.
Other Frequently Asked Questions About Retirement Protection
What are the advantages of Retirement Protection?
Many of the annuity and life insurance products available through our carriers come with contractual guarantees that can be invaluable to those concerned about not having enough retirement income from other sources.
The best part is that choosing a product with guarantees does not mean you have to give up the potential for growth in your annuity or cash value life insurance policy. It simply means that your income stream will be guaranteed for life.
Can I afford Retirement Protection?
With many retirement products you will simply be utilizing already established retirement accounts that you will then use maximize to produce a lifelong income stream.
Do I qualify for Retirement Protection?
Most annuities used for retirement protection are “guaranteed issue” products that require no underwriting, so nearly everyone qualifies.
When should I get Retirement Protection?
When you are saving for your retirement, the best time to buy retirement protection through annuities or life insurance is now.
Most people purchase an annuity before they reach retirement age. Annuity products often come with surrender charges for a period of time after making the initial purchase, so it's important to understand how each policy you are considering treats withdrawals, especially in the early years of the contract.