What Is An Annuity?

Hi! Today, we are going to discuss, 'What Is An Annuity?'

When I'm talking to clients, an Annuity inevitably comes up, they’ve heard something about an Annuity.

Good, bad, or indifferent.

As we discuss your needs, your wants, your goals, and how to create the retirement of your dreams you'll be surprised how often an Annuity is the answer or at least a piece of the puzzle.

Today, I want to share with you three main things an Annuity will help you accomplish to create the retirement of your dreams …

… just like it did for Karen, one of my clients.

And give you the peace of mind that it’s given to so many of my clients as well.

One, we're going to discuss guaranteed income for life for you and your spouse, if needed.

Two, security against the crashes in the stock market.

Three, options on how to set up Annuities properly, to be able to give you these options. We all want options to be able to help us take care of unforeseen needs and wants in our future.

When you're done, you'll understand what an Annuity can accomplish for you.

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You can click here for more videos on this subject, as well.

Yes, as long as you live!

And it could be as long as you and or your spouse live.

When I first met Karen, I was talking with her and her husband, Bob.

They'd been putting money aside.

They had added to their company option.

They had prepared for retirement, and now they're coming to me saying, "Okay, we've already taken Social Security. We have this pension option. We've been putting funds into our 401k. But what we're trying to figure out is how we're going to make all this work?

And they thought they had a pretty good plan.

Well, as we discussed this plan …

… and we made some tweaks I figured out they were really asking me, "Can you figure out a way to replace Bob's income when he retires?"

And we figured that out.

How to have that income coming in, that's guaranteed.

But a tragic event happened. And there was an accident. And Bob didn't make it. And Karen called and explained to me what had happened.

And of course, she was devastated.

But one thing she didn't have to worry about was this financial plan.

What was she going to do?

They already had a plan in place.

They'd already figured it out.

We already knew the steps to take, and she could go grieve and take care of the things that she needed to.

And we would get back to implementing the plan when she was ready, because she did have a plan and she didn't have to worry.

So, one thing that we can do, one thing that we can think about, is just making sure there's a plan in place.

And we know when to start implementing those.

One of the ways that we did this for Karen was we used an Annuity.

And we put some funds into an annuity to give us multiple things that we could do to help with that.

But the number one thing was to add to the Social Security and the Pension to give her another guaranteed income stream for life.

Check out my other video titled, “How To Not Outlive Your Money” by clicking here.

Again, Karen said, I don't want to have to worry about that.

I don't want to worry about the funds that we have, the funds that I had, the funds that we have set up to ever be going down because the stock market isn't doing well. I don't want to have to think about it.

Well, most of us want to be able to get the gains when the stock market's good, but pretty much everybody I talk to says, “I don't want to deal with the losses.”

Well, if we are utilizing an Annuity, we can get that guaranteed flow that we will never go backwards.

... as the market has downturns we know are coming.

You don't have to figure out how to live on less, because you are living off funds that are sitting in the stock market.

You don't have to worry about taking money out too fast and then the lump sum is going to disappear.

You don't have to call your advisor and ask, “What are you going to do with my money, so I don't lose it?”

And that was a piece of mind that Karen, as well as many of my other clients, were really, really looking for.

So, just as Karen had done, she had taken these funds out of the market, put them into an Annuity, added to the social security, added to the Pension, and added this Annuity to give her a third guaranteed income stream for life.

I have another video, “How Do I Have Enough Income Even If the Market Crashes,” click here to check it out.

Everyone likes options, right?

How do we set up your Annuities properly to give you these options for these unforeseen needs or wants in your future?

As Karen and I discussed what her needs have been throughout the years, we have been able to discuss all the options available to her, each year, to help her live the retirement of her dreams.

One thing we know for certain, is things will change. You might need more; you might be able to live on less.

You might want to take out a lump sum and take the family on vacation.

So how long do we let this money grow?

Are you looking for immediate income the day you leave your job to replace that income?

With Karen, she had the ability to let these couple of lump sums grow for her, so that when she wanted to turn on the income, she had a higher dollar amount coming in per month.

And what we did is make it into three different Annuities so she had three different sets of funds, then she could decide when she wanted to turn on the income stream.

Well, as we talked through this year and these options, we discussed, "No. We don't have to turn on an income stream.

“We don't need to turn on the income stream in some scenarios. So why turn it on if we don't have to, if we can get a bigger amount in the future?"

Well, Karen needed some funds this year and she was trying to figure that out.

And as we worked through those options, we didn't need to run an income stream. We took advantage of the free withdrawals.

So, we've pulled out a lump sum of funds to just cover the difference in what she needed for this year.

And that allowed her to be able to let the rest of her funds continue to grow.

So, we utilized her free withdrawal option.

And we'll discuss that and show you how that works for you.

That's a great option to be able to have.

So, today we went over three main things an Annuity will accomplish to help you create the retirement of your dreams.

First, guaranteed income for life for you and your spouse, if needed.

Second, security against the crashes in the stock market.

Never worry about those downturns again, and ….

Third, options.

How to set up your native property to give you these options for those unforeseen needs or wants in your future.

When you implement these steps properly, I believe this too will give you the peace of mind in retirement, just like it did for Karen, as well as many of my other clients.

You now have a glimpse and an understanding of why you should be using an Annuity and why it doesn't need to be scary.

Just click here and schedule a time to meet. During our time together, you'll discover:

I'm so confident that you'll find the Retirement Of Your Dreams Call ($497 Value) valuable that I'm putting time aside, specifically for you …

… to meet with you one-on-one and show you how at no cost to you.

And we are doing all this just for you because you took the time to watch this video.

So, we know you're serious. I look forward to meeting with you and helping you create the retirement of your dreams.

I'm Jason Bergquist have a wonderful day.

Look forward to meeting with you!