Retirement Income

At Simon & Simon Financial, we know that growth is important to you, but protecting your hard-earned assets no matter the conditions of the market can be even more important. In retirement, it’s crucial to generate reliable sources of income, and as inflation skyrockets and markets are rife with volatility, now can be an excellent time to safeguard everything you’ve worked so hard to build.

While sometimes offering the opportunity to participate in market upside during the good times, fixed indexed annuities can protect you from market loss during declines. As contracts with insurance carriers rather than actual investments in the market, annuities protect your principal and can offer growth guaranteed by the claims-paying ability of the issuing company. At Simon & Simon, we have access to some of the most competitive annuity products on the market, allowing us to offer them to our clients looking to generate a reliable stream of income for themselves in retirement.

Fixed Indexed Annuities

Annuities, like everything else, are continuously evolving. Designed with those on the brink of retirement in mind, there are hundreds of options that may meet your individual needs. It is important to know that annuities may not meet the goals of every investor, oftentimes coming with stringent contract requirements or offering limited liquidity while also not keeping pace with the growth of markets that tend to correct themselves over the long-term. Where they can be beneficial, however, is for the retiree who cannot afford to lose in the market as they approach their retirement date or attempt to navigate rough terrain that can come with the post-career lifestyle.

At Simon & Simon Financial in Covington, Louisiana, we recognize that each investor is different, and retirement planning is not a “one-size-fits-all” process. We would welcome the opportunity to explore possibilities with you to determine whether or not a protection-based approach is right for your retirement.

Indexed Annuity An indexed annuity is for retirement or other long-term financial needs. It is intended for a person who has sufficient cash or other liquid assets for living expenses and other unexpected emergencies, such as medical expenses. Guarantees provided by annuities are subject to the financial strength of the issuing company and not guaranteed by any bank or the FDIC.

Indexed annuities do not directly participate in any stock or equity investment. Clients who purchase indexed annuities are not directly investing in the financial market. Market indices may not include dividends paid on the underlying stocks and therefore may not reflect the total return of the underlying stocks; neither a market index nor any indexed annuity is comparable to a direct investment in the financial markets.

Life Insurance Several factors will affect the cost and availability of life insurance, including age, health, and the type and amount of insurance purchased. Life insurance policies have expenses, including mortality and other charges. If a policy is surrendered prematurely, the policyholder also may pay surrender charges and have income tax implications. You should consider determining whether you are insurable before implementing a strategy involving life insurance. Any guarantees associated with a policy are dependent on the ability of the issuing insurance company to continue making claim payments.