Where do Americans turn for financial safety?
The primary source we turn to for financial safety in our lives is companies that specialize in providing financial protection of our lives, our homes, our health, and our belongings.
Can they provide safe money solutions too?
Beyond providing protection and safety, some also specialize in providing guaranteed principal options that include competitive, guaranteed interest rates for varying durations of time*.
Are they really guaranteed to not lose money?
Yes, if they are held until maturity. Like CD’s (but guaranteed by the issuing company, not the FDIC), penalties apply for early withdrawals beyond any penalty-free distribution options during the term period.
What is the “secret sauce”?
Contracts that include guaranteed principal and specified, guaranteed interest rates between between individuals and select insurance companies are called Guaranteed Fixed Rate Annuities.
You select the corresponding rate and term you desire, maintain the funds until maturity, and choose to either withdraw your interest and/or principal at that time, or maintain tax deferral by rolling your funds into a new term, rate, or other type of annuity of your choice.
Care to save thousands in income taxes too?
Earning thousands of dollars of interest in CD’s or other taxable accounts throughout retirement often results in paying cumulative thousands of dollars or more in taxes, even if you are not taking any distributions out.
Interest or other earnings in Guaranteed Fixed Rate annuities are tax deferred until you withdraw your funds.
Saving as little as $1,000 – $2,000 in taxes each year could result in you accumulating tens of thousands of additional dollars – or more – for you to use throughout your retirement, or pass on to those you love.
Do these annuities charge fees?
Varying publications paint broad brush strokes relative to the risks and fees within annuities. There are many different forms of annuities; most such allegations do not apply to Guaranteed Fixed Rate Annuities.
Yes, insurance companies do make money when clients purchase them, yet with Guaranteed, Fixed Rate Annuities, they are not taking fees out of your pocket. Instead, their potential profit rests in the amount they earn beyond the guaranteed rate they pay you, and the small (generally .5% – 2.5%) compensation they pay to firms such as Quantum whose place such transactions for their clients.
Coordinating with your personal finances:
Incorporating guaranteed principal and interest components into your portfolio can be a foundational element to achieving and maintaining peace of mind relative to your finances.
Once you’ve defined the dollar amount that you choose to be protected in this manner, we introduce a selection of varying rate percentages and years to maturity. It is common for clients to blend differing terms to ensure desired liquidity throughout retirement.
As Quantum is independent, we monitor a wide range of well rated insurance companies who offer these annuities to be continually positioned to present the most attractive solutions to you.
