How Do You Set Up a Fixed Index Annuity? (And What Do You Get Back?)

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Use this guide to set up a fixed index annuity and solidify your retirement income and financial security.

Understanding More About Fixed Index Annuities with Income Riders

There is one key reason why people say they decide not to purchase a fixed index annuity with an income rider as part of their overall retirement income plan – and it’s not because of surrender charges, fees, or lower returns. In fact, it’s often because the benefits of a fixed index annuity with an income rider may simply sound too good to be true. Of course, the contractual benefits are NOT, and you can read more about that here if you need a refresher.

So, let’s assume you’re ready to move forward with your fixed index annuity with an income rider – where do you start and how, exactly, does it work? We’re here to walk you through it.

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Is a Second Opinion the Next Step to Enhance Your Financial Security?

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Gain greater financial security by securing a second opinion on your retirement plan from a professional financial advisor.

When You’re Retired, You Need to Be Sure Your Finances Are on Track

With the articles we publish here on our blog, many of which are based on content in our book Momma’s Secret Recipe for Retirement Success, we hope to take you down the path of “financial enlightenment.” We do it because some of the facts and strategies we share may be the complete opposite of what you have been told before. We want you to think differently – and to plan your retirement differently – because you have no other option than to succeed.

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The Retirement Income Myth You Should Stop Believing

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Sequence of return risk could spell retirement income insecurity, but a fixed indexed annuity with an income rider is one possible solution.

Understanding Income Riders and Sequence of Return Risk

This content is an excerpt from the book, Momma’s Secret Recipe for Retirement Success,” by Dan Ahmad, Jim Files, and Jack Canfield, with contributions from other leading professionals from around the world. This excerpt below was written by Dave Lopez, a recognized retirement planning speaker and writer.

Myth:

You shouldn’t buy an annuity because the stock market is the best place for you to invest for dependable retirement income that will last for as long as you live.

You are retired and want a high level of dependable income from your savings that is guaranteed to last for as long as you live. You research on your own. You talk to your Advisor. You even ask friends and family what to do, because you desperately want to know the truth about how to protect your principal and guarantee you won’t run out of income late in life.

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Section Four of Your Comprehensive Written Retirement Income Plan

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The fourth part of your comprehensive written retirement income plan is to get your plan details in writing.

It’s Time to Get Your Plan Details in Writing

In recent weeks, we have shared the first three steps in creating a written comprehensive retirement income plan. If you haven’t yet read about those steps, we recommend you head over to our blog to get caught up.

In this fourth and final installment, we are sharing the fourth step in this planning process, which is getting your plan details recorded in writing.

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Section Three of Your Comprehensive Written Retirement Income Plan: Analysis of Assets

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When you plan ahead, you can use your assets to produce both income and a legacy for your loved ones.

It’s Time for an Analysis of Assets to Beneficiaries 

In past articles, we shared everything you need to know about the very first step in creating a comprehensive written retirement income plan: the Retirement Income Projection. Next, we discussed the second step in your planning, the Income Tax Analysis. If you didn’t get a chance to read those articles yet, you can start here.

In this final installment of this series, we give you details about the third step in your comprehensive written retirement income planning: an analysis of assets to beneficiaries. Having a comprehensive written retirement income plan you can rely on is incredibly important to your financial health in retirement, so let’s take a look at this final step.

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Section Two of Your Comprehensive Written Retirement Income Plan: Income Tax Analysis

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The second part of your comprehensive written retirement income plan is an income tax analysis.

How to Eliminated Your Fears of Paying More Than You Expect to In Taxes

In three previous articles, we discussed all the details of the very first step in creating a comprehensive written retirement income plan: the Retirement Income Projection. If you didn’t get a chance to read it yet, you can start here. Now, we move on to the second step in your planning, which is the all-important Income Tax Analysis.

Why are we continuing to discuss this topic? Because having a comprehensive written retirement income plan is just that important!

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Your Retirement Income Projection Part 3: Fee Analysis

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Fee analysis is an important part of your retirement income projection and here’s what you need to know.

Do You Know How Much You’re Shelling Out in Fees?

This article is part three of a three-part series in which we dig deeper into the first aspect of preparing your comprehensive written retirement income plan: the retirement income projection. This series is based on content that originally appeared in our book, Momma’s Secret Recipe for Retirement Success, and you can grab your copy here.

If you need to start at the beginning of this three-part series, click here now.

In our second installment, we shared details on the second step in developing your comprehensive written retirement income plan, which is a risk analysis. As a reminder, this series is all about completing the three aspects that makeup step one in our four-part process of completing your Retirement Income Projection:

  1. Income analysis
  2. Risk analysis
  3. Fee analysis

In this article, we’ll walk you through the fee analysis step.

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Your Retirement Income Projection Part 2: Risk Analysis

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: Risk analysis is the important second step in developing your comprehensive written retirement income plan.

The Second Step in Your Comprehensive Written Retirement Income Plan

The following article is part two (risk analysis) of our three-part series on the critical steps involved in preparing your comprehensive written retirement income plan: the retirement income projection. This series is based on content that originally appeared in our book, Momma’s Secret Recipe for Retirement Success, and you can grab your copy here.

In our last installment, we shared details on the very first step in developing your comprehensive written retirement income plan, which is a retirement income analysis. As a reminder, this series is all about completing the three aspects that makeup step one in our four-part process of completing your Retirement Income Projection:

  1. Income analysis
  2. Risk analysis
  3. Fee analysis

In this article, we’ll walk you through the risk analysis step.

 

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Your Retirement Income Projection Part 1: Income Analysis

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Start your comprehensive written retirement income plan with the critical first step of income analysis.

Getting Started on Your Comprehensive Written Retirement Income Plan

The following article is part one of a three-part series where we’ll dig deeper into the first aspect of preparing your comprehensive written retirement income plan: the retirement income projection. This series is based on content that originally appeared in our book, Momma’s Secret Recipe for Retirement Success, and you can grab your copy here.

We’ve shared before how important it is to have a comprehensive written retirement income plan, and today we’re delving into the details of getting started. Step one in the four-part process is to do a Retirement Income Projection, which consists of three aspects:

  1. Income analysis
  2. Risk analysis
  3. Fee analysis

In this article, we’ll walk you through the income analysis step.

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Designing a Retirement Asset Allocation Strategy Part III

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Develop a smart retirement asset allocation strategy to set yourself up for a comfortable retirement.

How to Focus on Growth and Fill Your Third Bucket

The following article on retirement asset allocation strategy features content adapted from the book Momma’s Secret Recipe for Retirement Success by Dan Ahmad, Jim Files, and Jack Canfield. Get your copy here!

At Peak Financial Freedom Group, we talk a lot about retirement asset allocation strategy, and that’s because we want to encourage you to get serious about your retirement security. We believe strongly in a comprehensive, written retirement income plan to tie everything about your money together, which we recommend doing with what we call the “3 Bucket Safe Money Approach.” If you’ve been reading our blog for a while now, you’ve seen articles about Bucket #1 and Bucket #2, where you allocate assets to retirement income and liquidity. Now, we’re going to discuss the importance of Bucket #3 in your retirement asset allocation strategy.

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