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©2019 by Owens Financial Group, LLC IL Lic# 19094788 MO Lic#8473361

Understanding Different Retirement Strategies

Fixed indexed annuities (FIAs) address many basic retirement concerns:

protection of hard-earned dollars, tax-deferred growth, balance, and lifetime income. Consider these key benefits:

Farmers Market

Diversification of Assets 

A balanced retirement strategy is essential for managing risk and reward in the financial markets. Designed for the long term, fixed indexed annuities (FIAs) are a great retirement vehicle to ensure you are not putting all your eggs in one basket. FIAs offer the ability to grow your assets without the risk of losing your assets.

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Tax Deferred Growth

Fixed indexed annuities (FIAs) offer tax-deferred growth.  This allows your money to grow faster. As long as your money stays in the annuity, you will not be taxed on interest earnings. Once you receive a payout, the annuity is taxed as ordinary income.

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Is an FIA all I need? 

In short, no.

The benefits of fixed indexed annuities (FIAs) can help balance risk and reward in your overall portfolio, which may already include retirement accounts and other investments.

The best retirement income strategy ensures balance by bucketing money in a variety of vehicles, as each has unique benefits.

Working with Owens Financial Group to review your options, as well as the impact of those selections on your savings and retirement income potential, can prove to be invaluable for your financial goals.

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Principal is Protected

Even with market volatility, you will not lose value on your fixed index annuity.  Your savings aren’t exposed to market fluctuations, so even in a negative market return, interest credited will never fall below zero. 

Also, you can never lose your interest once it’s credited to your principal.

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Guaranteed Income Stream

With Americans living longer and spending more time in retirement, many retirees are concerned about outliving their savings. In turn, they are searching for a product that can help ensure a steady income stream. Fixed indexed annuities (FIAs) are designed with guaranteed lifetime income, so you can never outlive your earnings.  

 

Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurer and are not guaranteed by any bank or the FDIC.  Ask your insurance licensed professional about the rating of any issuing insurer (ie insurance company) that you are considering. 

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