Retirement Planning

Choosing the right retirement planning is important because it can help you avoid running out of money in retirement. Your plan can help you calculate the rate of return you need on your investments, how much risk you should take, and how much income you can safely withdraw from your portfolio.

Retirement Plans

Retirement Plans provide you with financial security so that when your professional income starts to ebb, you can still live with pride without compromising on your living standards. Given the high cost of living and rising inflation, Retirement planning has become all the more important.
For example, annuities will allow you to sock away a larger amount of cash and defer paying taxes. Unlike other tax-deferred retirement accounts there is no annual contribution limit for an annuity.

Annuities

An annuity is a long-term agreement (contract) between you and an insurance company that allows you to accumulate funds on a tax-deferred basis for later payout in the form of a guaranteed income that you cannot outlive. For its part, the insurance company guarantees that the funds you deposit will be safe; they are obligated to credit at least a minimum amount of interest to the funds and to assume the risk that once you elect to start receiving income, the payments will last as long as you live. Your part of the agreement is to put up the funds and leave them to accumulate in the annuity until such time as you elect to receive a guaranteed income.

Why You Need a Retirement Plan?

Retirement Plans provide ample regular income in retirement with the help of money saved during work life. Your family can maintain its lifestyle without your regular pay cheque despite constantly rising living costs. Adequate retirement planning also help you to meet unexpected expenses without a worry.

How Does a Retirement Plan Help?

Investments with regular premiums or a lump sum payment makes your money grow well during your work life. On retirement, a part or the whole of this savings can be used to create regular retirement income.

Need quality insurance?

We work with 40+ of the top-rated insurance companies in The Country!