MAKING RETIREMENT MORE THAN A DREAM
Retirement can be the absolute best part of your life, a dream come true. But, and it can be a big but, it’s best to be ready. Do you want to travel? Move somewhere warm? Maybe just be near your loved ones? Whether you’re already retired or still looking forward to it, your Cornerstone adviser can help you implement programs to make sure your retirement is secure and everything you want it to be.
An annuity can provide a guaranteed income stream during retirement. Simply put, an annuity is a contract between you and a company, usually an insurance company. You deposit money and they work to maximize your income while providing protection against “outliving” your money.
BUILDING YOUR LEGACY
Perhaps you’re starting to think about sharing your life’s success with family or close associates. How you do this can build your legacy of love and kindness — and also, practicality. We can help achieve this using proven effective estate planning tools.
Legacy Planning. There are a number of ways to leave a legacy for someone or a group. For example, permanent life insurance can be an easy, safe, affordable way build your personal legacy. An indexed annuity can pay you and your beneficiary. You can also create a charitable gift annuity which will provide remaining cash to a chosen organization or institution after you’ve received income for a lifetime.
Cornerstone provides effective estate planning tools for you and your family.
Capital Transfer. If you’ve worked hard to build a business, own property, or accumulate significant assets, you probably want to pass these on to your family. We’ll help you get it done easily, using tools such as property transfers, gifting, and trusts. Of course, we’ll look to do it in the most tax-advantaged way possible. Check out the video for more information.
Tax Deferral
A major advantage for many annuities is tax-deferred growth. Your money can grow free of federal taxes until you receive it as income. This makes annuities particularly popular as investment income instruments. There are several types of annuities available. Your Cornerstone Adviser can help you select the one that best meets your retirement goals.
Fixed Deferred Annuities
This type of annuity pays a fixed rate of interest. You can get immediate monthly income, a guaranteed rate of return, even a guaranteed return of principal unless you surrender your policy before your maturity date. Your Cornerstone Adviser can help you decide if the flexibility and stability of this retirement income favorite is right for you and your retirement.
Equity-Indexed Annuities
There’s no risk of losing your investment. If the market rises, you gain. If it goes down, your principal is guaranteed and the gains you have earned are locked in. There’s even a guaranteed return of interest on your principal. Some penalties may apply if you withdraw money earlier than stipulated and all distributions are subject to ordinary income tax.
