Back: Colton Sheley, Jeff Kolzow and Pat Buchanan
Front: Rick Aussprung and Jeff Rodemeyer
You have worked hard to provide for yourself and your family, all while planning for retirement.
With increasing costs, however, a low-interest rate environment, and in some cases, retirements that can last 30 years or more, how do you build up enough assets to help you feel more confident in your financial future?
People often are concerned about not having a steady paycheck in retirement. Even if they have saved a lump sum, uncertainties of how long retirement will last, combined with unknown market performance and other factors, like Social Security, can create financial anxiety. Some financial solutions, including fixed indexed annuities with guaranteed lifetime withdrawal benefits, can help offer confidence in a source of income for those nearing retirement.
For example, Thrivent Financial recently announced a product called Secure Retirement Builder. At its core, Secure Retirement Builder is designed to generate guaranteed lifetime income in retirement. With one premium payment, you lock in guaranteed income and growth potential. The amount of income the client will receive is based on the amount of premium used to purchase the contract, any interest credited to the benefit base in the contract and the client’s age when he begins taking withdrawals.
The annuity value can only go up when interest is applied and will never go down due to negative market performance, creating a potential for increasing income over time. The accumulated value of this annuity can only go down if the rider charge is greater than any credited interest.
Whether you are looking for a potential boost in savings as you near the point of retirement, or for a consistent retirement income source, it is worth learning more about fixed indexed annuities with guaranteed benefits.
Fixed indexed annuities, with guaranteed lifetime withdrawal benefits, are great tools for people nearing retirement and looking for security in their retirement income. If you’re looking for a way to turn some of your savings into income as you near the point of retirement, or you are looking for a way to replace a portion of your paycheck in retirement, you may want to speak with a financial representative to learn more about fixed indexed annuities with guaranteed benefits.
Thrivent Financial is represented in the Red Mountain area by Red Mountain Group, which includes Jeff Kolzow, Pat Buchanan, Jeff Rodemeyer, Rick Aussprung and Colton Sheley.
Thrivent Financial’s Red Mountain office is located at 2941 N. Power Road, Suite 105. For more information, call (480) 396-5333, or send an email to redmountaingroup@thrivent.com.