 Many Americans are finding themselves in a position where they want to, or have to, retire early. First off, the old concept of retiring at age 65 is not holding true for many. Also, age 65 is no longer the time when you get full retirement benefits. That age has increased to over age 66 depending on when you were born. But, there are many factors that determine when a person wants to start taking benefits. We know that the amount of monthly payments increases by about 8% per year if one is able to wait until age 70. But health issues can make early retirement unavoidable. Many people can’t keep their jobs till age 70. Some people might have lost their jobs and have to start taking payments prior to full social security and start around age 62. There are many factors that weigh into an individual’s decision. But one thing remains true, and it is the fact that they need an income that can support their lifestyles. We in the insured products business have options and solutions. Let’s look at some… We are all familiar with the split annuity concept. A person retires prior to receiving social security and doesn’t want to start payments. They may be waiting for the increased amount at age 70. So, we provide a SPIA (Single Premium Immediate Annuity) to fill the gap prior to the Social Security benefits kicking in. Maybe we can provide for them an amount that would be equal to a reduced Social Security benefit. The client might be concerned about needing even more money at age 70. Today the client can purchase an FIA (Fixed Index Annuity) with an income rider. Let the account grow, and start receiving the payouts at age 70 as well. There are many solutions in the fixed arena. I think it would be a smart idea to be speaking with our younger pre-retirees or post-retirees and show them what we can do. Need help with the plan and illustrations? Give one of our marketers a call… that is what we are here for.
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INFORMATION CONCERNING COPYRIGHT INFRINGEMENT CLAIMS
The Ohlson Group LLC provides links from its website to various third party sites which may enable you to obtain locations and information outside of The Ohlson Group's control. The Ohlson Group LLC neither controls nor endorses such other websites, nor have we reviewed or approved any content appearing on them. The Ohlson Group LLC does not assume any responsibility or liability for any materials available at these websites, or for the completeness, availability, accuracy, legality or decency of these sites.
CLAIMS OF COPYRIGHT INFRINGEMENT
The Digital Millennium Copyright Act of 1998, as amended, (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that materials we host infringe your copyright, you (or your agent) may send us a notice requesting that we remove the material or block access to it. If you believe in good faith that someone has wrongly filed a notice of copyright infringement against you, the DMCA permits you to send us a counter-notice. Notices and counter-notices must meet the then-current statutory requirements imposed by the DMCA; see http://www.loc.gov/copyright/ for details. Notices and counter-notices should be sent to [email protected]. The Ohlson Group LLC, (877) 844-0900. We suggest that you consult your legal advisor before filing a notice or counter-notice. Also, please be aware that there are penalties for false claims under the DMCA.
The Ohlson Group LLC and or Joseph R. Ohlson LUTCF is licensed to do business in all states except New York.
Privacy Policy
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