Skip to main content

Retirement Genius: Three Annuity Strategies to Finance Expensive Homecare and Assisted Living.


Learn alternative strategies to fund expensive homecare and assisted living in this webinar from Retirement Genius' Chris Orestis. Nothing in this video is intended to provide tax or legal advice or a solicitation to buy any security, investment, or insurance product or service. Consumers should always consult with their own tax, legal and/or financial advisors....(read more)


LEARN MORE ABOUT: Retirement Annuities
REVEALED: How To Invest During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
As seniors age, the cost of homecare and assisted living can quickly become a major financial burden. Thankfully, there are alternative annuity strategies that can help fund these expenses while providing peace of mind for both seniors and their loved ones. 1. Immediate Annuities Immediate annuities are an excellent option for seniors who need a guaranteed stream of income to cover their homecare or assisted living costs. With this type of annuity, the individual makes a lump sum payment to an insurance company, and in return, they receive a regular payout for the rest of their life. The amount of the payout is determined by a variety of factors, including the individual's age, gender, and overall health. For seniors who are in good health, an immediate annuity can provide a higher payout than other types of annuities. 2. Longevity Annuities Longevity annuities are a type of deferred annuity that can provide guaranteed income in the future. With a longevity annuity, the individual makes a lump sum payment to an insurance company, but the payout doesn't begin until a specified future date, such as when the individual turns 80. This type of annuity can be a great option for seniors who are still in good health but want to ensure they have a guaranteed income stream later in life. Longevity annuities can be structured to pay out for the rest of the individual's life, which can help cover the cost of expensive homecare or assisted living costs later on. 3. Hybrid Annuities Hybrid annuities, also known as combination annuities, offer a mix of both immediate and deferred annuities. With a hybrid annuity, the individual makes a lump sum payment to an insurance company, and in return, they receive a guaranteed income stream for a specified period of time, such as 10 years. After the initial period, the annuity can either continue as a guaranteed income stream, or the individual can choose to cash out the remaining balance. This type of annuity can be a great option for seniors who want to ensure they receive a guaranteed income stream for a period of time but also want flexibility in case their circumstances change. In conclusion, the cost of homecare and assisted living can be daunting for seniors and their loved ones. However, with alternative annuity strategies such as immediate annuities, longevity annuities, and hybrid annuities, seniors can ensure they have a guaranteed income stream to cover these expenses. It's important to speak with a financial advisor to determine which annuity strategy is best suited for individual circumstances. https://inflationprotection.org/retirement-genius-three-annuity-strategies-to-finance-expensive-homecare-and-assisted-living/?feed_id=82860&_unique_id=6425996c11c5c #Inflation #Retirement #GoldIRA #Wealth #Investing #bestpractices #howto #insurance #Investments #lifesettlement #Plans #retirepolices #retireyoung #Retirement #retirementgenius #tipsandtricks #tutorial #RetirementAnnuity #bestpractices #howto #insurance #Investments #lifesettlement #Plans #retirepolices #retireyoung #Retirement #retirementgenius #tipsandtricks #tutorial
Labels:

Comments

Post a Comment

Popular posts from this blog

How to Change Password for Fidelity Investments App

How to Change Password for Fidelity Investments App In this video, I'll show you How to Change Password for Fidelity Investments App. This is the easiest and fastest way to Change Password for Fidelity Investments App. Make sure you watch until the end of this video to find out How to Change Password for Fidelity Investments App on Android and iPhone. These methods work on Android as well as iOS 11, iOS 12, iOS 13, iOS 15 and iOS 16. Hope you enjoy! Video Parts: 00:00 Intro: How to Change Password for Fidelity Investments App 00:07 Changing Password on Fidelity Investments App 00:38 Outro: Ending Thanks for watching! ❤ Bytes Media © 2022 Topics Covered: Bytes Media how to how to fix How to Change Password for Fidelity Investments App how to change password for fidelity investments fidelity password fidelity login how to change fidelity wifi password i forgot my fidelity online banking username and password fidelity password requirements fidelity customer service fi...
Post a Comment
Read more

How Annuity Education Can Help You Effectively Plan for Retirement with Annuities: Insights from IBC Global

Want to Learn If An Annuity Is Right For You? Thank you all for watching! Don't forget to subscribe for more! DISCLAIMER: All advice and/or opinions expressed in our videos are the result of our experience in the insurance and financial industries. Any action taken based on the information expressed in our videos is the sole responsibility of the viewer. All content produced by Steve Parisi and ILS Products is made for informational purposes only. #Finance​ #Annuity​ #Insurance... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Annuity Education: Effective Retirement Strategy - Utilizing Annuities Retirement planning is a crucial aspect of everyone's financial journey. With the goal of maintaining a comfortable lifestyle after ending decades of work, individuals often seek strategies that provide a st...
Post a Comment
Read more