Wednesday, June 20, 2012

Michigan Retirement Options

Caught wind of a product yesterday that I would love to bring up to my book of business.

Let us look at some of the options that we are told about to use for retirement options.  We do we usually do?  We take pre-tax money, and put it into a "retirement vehicle" that we are told is tax deferred.  Well at some point we are going to have to withdrawal that money, and usually at an older age where most of the time we have less tax deductions.  So what happens, we pay more in taxes at an age where probably our income is not as high as once was.

What about other perks of these "vehicles?"  In some plans if we need money before were 59 and a half, we get hit with extra taxes.  In some we have to start withdrawing at age 70.  Not saying these are bad for our interests, but their are other options to consider.

Consider this.  A way to save with after tax money.

  • Principle Protection (All the upsides to the market.  No risk of loss.)
  • No penalties for withdrawals before 59 and a half.
  • Not required to take withdrawals at age 70.
  • Tax free accumulation, with tax free access.
  • Etc.

Was really surprised about what this plan can do for you.  Want to see more?  Contact me today to view more with a information video.

-Randy