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Everything you need to know about retirement plans, and how to calculate your retirement savings and income needs with our easy-to-use retirement savings calculator.
Retirement Planning is a very broad topic for you to comprehend and for us to describe in one page. But we’ll focus here on the INCOME TAX DEDUCTABLE retirement savings vehicle like pension plans and INCOME TAX DEFERRED vehicle like life insurance and annuities.
If you rather speak with retirement and pension planning specialist then call (877) 972-3262 or complete this short form now to find if you qualify for income tax deductable plan and further implementation detail.
The first step in retirement planning is to calculate how much you need to save now – trust us, you’ll thank yourself later for doing this. Please click on “Retirement Calculator” below, select your details and click the “View Report” button for a detailed look at the results.
Retirement Calculator: This tool will help you determine how much you will need to save each month to achieve your retirement goals. Click here now.
The second important step in retirement planning is to know where to invest your money and selection of right retirement savings plan, and how to avoid becoming a cautionary tale of someone who lost their nest egg in the stock market or other speculative investment.
There are primary four retirement & pension plans investment options:
- Stock-Market-Based investments such as individual securities, mutual funds, variable annuities, variable life insurance policies and managed money accounts
- Fixed Income Securities like Bonds
- Fixed Annuities
- Whole Life Insurance
Most financial planners, investment gurus and retirement planning experts agree on the RIGHT ASSET ALLOCATION of your retirement funds. The asset allocation denotes how much to invest in each of above investment options. The asset allocation depends on many personal factors like your age, risk appetite, investment knowledge, net worth and income. In general 60/40 or 50/50 split between and stock market based investments (individual securities, stocks mutual funds etc) and safer or fixed income investments (bonds, fixed annuities and whole life insurance) are widely accepted.
We at BeamaLife do not deal in stock-market-based invest and our clients are free to invest with their stock broker or online companies like Vanguard, Fidelity, Charles Schwab, E-trade and Scot Trade. We take your 40% or 50% of retirement investment and help you find the most attractive and highest dividend paying whole life insurance or highest interest paying fixed annuities.
Whole life insurance provides a very competitive rate of return without having to worry about stock market volatility. Whole life insurance policy over the long term period provides 4 to 5% IRR (Internal Rate of Return). This return is a NET RETURN after all expenses including life insurance cost. So, whole life insurance very much provides similar returns of the bonds BUT with additional life insurance benefit. Stock-market-based investment returns are misleading when you compare with whole life insurance as they calculate GROSS RETURN and exclude expenses. When you compare the net return of stock market with net return of whole life insurance then you will understand the importance of whole life insurance. But to qualify for whole life insurance you need to be in good health and insurable.
If you are uninsurable or cannot somehow get any more whole life insurance, then fixed annuities are second best retirement savings investment option. They have guaranteed interest rate returns and guarantee of your principal investment very much like a CD, so you won’t have to stress over stock market trends, bubbles and crashes.
Retirement planning is all about protecting your hard-earned money and making it grow, and we at BeamaLife are committed to bringing you an innovative retirement saving ideas that will help you build solid retirement nest-egg for your golden years. Retirement planning specialists at BeamaLife can help you to take larger income tax deductions if you qualify, while building a solid retirement savings foundation for you in a fiscally safe manner. Call (877) 972-3262 today to speak with a retirement specialist, or complete your personalized retirement savings proposal now.
