Retire on your own timeline

By Ken McEntee

Bill and Brody Fiesler, father and son owners of Annuity & Estate Planning Concepts, have seen it too many times. Somebody delays his or her retirement then tragically is not around to enjoy it very long.

“Unfortunately, people sometimes delay retirement because they are afraid of running out of money,” Brody says. “Sound planning and the right product can help to avoid that problem.”

Below, Bill and Brody explain more.

Q: I’m concerned that I may have to change my retirement timeline if an economic downturn reduces the value of my 401(k). How can I prevent that?
A: After working so hard for decades, you deserve to retire on your planned schedule. Directing your IRA or 401(k) into the proper retirement vehicle, such as an indexed, annuity-based product that has a built-in downside market loss protection, can help to protect the value of your retirement account against market downturns so you can retire on your own timeline.

Q: When should I start looking into an annuity?
A: It’s never too early, but if you’re in your 50s and expect to retire in your early- to mid-60s, you may want to start exploring your options and planning your retirement timeline.

Q: How does an annuity work?
A: Through a contract guarantee, the insurance company that issues the annuity ensures that you will share in the gains when the market goes up, but when the market is flat or goes down, your money is locked in—you won’t lose anything.

You can get more information—and a free lunch with Bill and Brody—by scheduling a no-cost consultation at 216-503-1779. Annuity & Estate Planning Concepts LLC is located at Corporate Plaza One, Suite 160, 6450 Rockside Woods South, in Independence.