Retire with enough, leave enough

By Ken McEntee

Having enough money to enjoy your lifestyle is an important part of retirement planning. But many people also want to leave an inheritance to their children or other beneficiaries, notes Brody Fiesler, who, with his dad, Bill, owns Annuity & Estate Planning Concepts LLC.

Below, Bill and Brody explain more.

Q: What’s an annuity?
A: An annuity is an insurance product that creates an income stream you, or you and your spouse can’t outlive.

Q: How does an indexed, annuity-based product protect my money?
A: Through a contract guarantee, the insurance company that issues the annuity ensures 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.

Q: What makes an indexed annuity ideal?
A: Certain indexed annuity based products can be ideal tools to maximize your retirement money by offering a bonus on day one and a guaranteed rate of return for income that can pass to your beneficiaries should you pass away prematurely.

Q: What happens to my money when I pass away?
A: Because annuities are creditor proof and avoid probate, your beneficiaries will be paid directly. Certain annuities allow the income base (if higher) to be paid out over time, often reducing taxation and netting more money for your loved ones.

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