Retirement Planning

Retirement Planning

Essential to securing a level of comfort for you and your family by planning for when you retire. All too often, people under invest and do not secure themselves for retirement, and it is often because they do not feel like they have the necessary capital to set aside when they are working. The experts at Laginess Insurance Agency can help you set up a plan for the long haul, and ensure that you have the quality of life you deserve on a budget you can afford. Whether you want to travel the world, pick up a new hobby, or just relax in your retirement, it’s important to plan for the “golden years,” and thankfully, those years are extending longer and longer.

The most important steps to a happy retirement are planning well and wisely investing your money. We can help you plan for your retirement years with a wide variety of investment vehicles and insurance products as shown below. Give us a call for a no cost conversation and let the experts at Laginess Insurance Agency set you up for life.

IRAs

Individual Retirement Accounts were established by the federal government to encourage people to save for their retirement by providing a variety of tax advantages.

Traditional IRA

Contributions up to $2,000 annually may be deductible, and your earnings are not taxed until you start withdrawing money.

Roth IRA

For many people, a Roth IRA may offer greater tax savings and withdrawal flexibility than a traditional IRA. Eligibility depends on income.

Simple IRA

SIMPLE IRA plans are retirement vehicles, maintained on a calendar year basis, for small employers (no more than 100 employees earning at least $5,000 for the preceding year), which permits contributions under a qualified salary reduction agreement.

Annuities

Annuities can provide a series of payments that typically start at retirement and continue for the rest of the contract owner’s life. Annuities can provide retirement income for either a fixed period of time or for the rest of an annuitant’s life. Retirement income payments can begin immediately with the purchase of an annuity or be deferred to some time in the future.

Long Term Care

Long-Term Care has been defined as “medically necessary assistance, recommended by a physician for the treatment of a chronic illness or debilitating injury on a long term basis. Recovery is usually not expected. Care is oriented toward helping a person function, not toward a cure.”

Long-term care is typically not covered by your health plan, disability coverage or Medicare. Medicaid does cover long-term care, but only after you have used up your assets paying for care.

Contact us today for more information about Retirement Planning or START AN INSURANCE QUOTE.