Does an annuity fit with my financial plan?
What's Inside:
Cost and timing for implementation
Potential tax issues
Cost and timing for implementation
What is an Annuity?
An annuity is a contract between you and an insurance company that shifts risk from you onto the company. There are different types of contracts; however, most annuities are used to generate income in retirement and preserve wealth.
How Can McLean Help with an Annuity Analysis?
The decision to purchase an annuity requires careful consideration and analysis. Given that contracts vary greatly across carriers and include different features, guarantees, and options, it can quickly become overwhelming. In addition, some contracts may be irrevocable or carry hefty surrender charges if you decide to change your mind later.
McLean performs a “reliable income analysis,” which includes analyzing the value of an annuity, with every standalone planning engagement we conduct. Understanding the impact of these products on your retirement income plan beforeyou finalize your decision is crucial.
The insurance industry constantly changes and updates products to match current market conditions. We can help you navigate which tools and products make the most sense within your plan. Note that you are not obligated to purchase anything from McLean—this analysis is included in your engagement.
“With Mclean, we can look back and say ‘doing what FELT right is the same as doing what WAS right’. Our McLean advisor didn’t just write a plan for us, they wrote an exciting story for us to star in for the rest of our lives.”
Paul
The testimonials appearing on this page are not representative of all client opinions of McLean Asset Management Corporation (McLean). Client experiences can and likely will vary from the experiences reflected herein. McLean does not provide direct or indirect compensation in exchange for the testimonials shown. As such, it is not expected that material conflicts of interest arise with respect to the testimonial providers. Testimonials should not be viewed as the sole determining factor in obtaining or retaining an adviser’s services, and do not guarantee client satisfaction, success of a particular service or investment, or financial outcome. Past performance does not guarantee future results. All investing comes with risk, including risk of loss.
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The testimonials and/or endorsements appearing on this page are not representative of all client or non-client opinions of the adviser. Client experiences can and likely will vary from the experiences reflected herein. The adviser does not provide direct or indirect compensation in exchange for the testimonials or endorsements shown. As such, it is not expected that material conflicts of interest arise with respect to the testimonial and endorsement providers. Testimonials and endorsements should be viewed as the sole determining factor in obtaining or retaining an adviser’s services, and do not guarantee client satisfaction, success of a particular service or investment, or financial outcome. Past performance does not guarantee future results. All investing comes with risk, including risk of loss.
McLean Asset Management Corporation (“MAMC”) is a SEC-registered investment adviser. MAMC only transacts business in states where it is properly registered or excluded or exempt from registration requirements. The information provided herein is for educational purposes only and should not be construed as investment advice and does not intend to make an offer to sell or a solicitation of an offer to buy or sell securities. It is not intended to provide specific legal, tax, or other professional advice. Investments involve risk and unless otherwise stated, are not guaranteed. Although Information has been obtained from sources deemed to be reliable, we make no guarantee as to the accuracy or completeness of this data. MAMC shall not be liable for any errors or omissions, or for any actions taken in reliance thereon. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.