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

http://www.michiganhealthbroker.com

Michigan Long Term Care Insurance News

With Michigan consumers living in an unstable economy for many of years, the hopes and dreams of retirement always looks bleak and sometimes impossible.

One of the mainstays in the golden years is to make sure your health is completely taken care of. Michigan long term care insurance is one of, or the most important policies you can own. Stats are amazing in this industry when it comes to consumers who have to go into a retirement home. Retirement homes can (depending on the state involved) cost on the upwards of $55,000 and higher for a calender year.

The American Stroke Association recently came out with some good facts that go well together with a long term insurance policy in Michigan. One third of stroke victims become disabled are under the age of 65. In that same presentation, the association makes it clear one out of five Americans need care in a retirement home for at least a year. After that, three percent require care for more than five years.

When the discussion of long term care insurance comes up, Michigan consumers usually cringe. I mean let us be honest, the cost is above average. To top that and what usually needs to be put out there, the cost grows ten fold as the person gets older. So as an insurance broker for the state of Michigan, when do I start to present long term care insurance for the average consumer? I usually bring the topic up for consumers in their mid 40’s. This to me is then when a Michigan long term care policy is still affordable, and usually the topic is starting to arise.

The long term care policy itself can be constructed to fit anyone’s needs with regards to price. You can pick the length of coverage, deductibles, etc. This helps as obvious consumers want affordability, and by working on the policy itself, this usually can occur.

We currently work with over five different life insurance companies that offer LTC policies. This helps us find affordable products for our Michigan consumers. Visit us today to learn more.