Florida Retirement Plans

What’s Your Investment Plan Preference?

A 402(b) or a 457(b) Retirement Plan?

Gulf Coast Educators Insurance offers many financial products to help educators invest in their future retirement. We have experienced and knowledgeable insurance agents available to explain all of the ins and outs of each of the different types of financial services that we offer. A sample of the investment plans available for educators include the 403b investment plan and the 457(b) investment plan.

The 403b investment plan is a retirement plan for public school employees, tax-exempt organizations, and ministers. There are different types of 403b plans available. They include:

•An annuity contract provided by the insurance company
•A custodial account
•A retirement account income

An employee’s payment to the plan are made before income tax is paid. The money is taxed as income when it is withdrawn from the plan. Another benefit from this plan is tax deferred earnings on plan contributions and the ability to take loans from a 403b account. To see if a 403b investment plan might be right for you, please contact one of our three Southwest, FL locations: Naples, Port Charlotte, or Fort Myers. To reach the Naples office, please call 239-591-0963. To speak with an agent at the Port Charlotte office, please call 941-391-5423and for our Fort Myers office, call 239-997-0420.

With a 457(b) plan, you select a portion of your income to be put into a tax-deferred savings plan. This plan has a pre-set selection of investment choices but you decide where you want to invest your contribution based on the options provided. There are advantages to this investment plan such as:
•Your contributions and earnings are tax deferred
•Your money has the opportunity to grow because of time and compounding
•You can make an emergency withdrawal as long as you meet the criteria
•Your account is protected by law from anyone taking control of your assets including your employer provided you have certain exemptions
•You may be able to take a tax credit for elective deferrals

Gulf Coast Educators Insurance has retirement planning specialists available to answer any questions you may have about the array of financial products that we offer. Please call any of our three offices at the above numbers to schedule an appointment to discuss your investment plan options. We look forward to helping you get on the path to securing your financial future. Please call us today!

New School Year Means Fresh Look At Your Retirement

How Healthy Is Your Retirement?

School is back in swing and a fresh new school year is starting. This is the perfect time to review your savings plan for retirement and make sure that you are on track. If you don’t have a retirement savings plan, then Gulf Coast Educators Insurance wants you to be aware of the options that we offer. Our insurance experts are here to help guide you towards the best option for your retirement and savings.

At Gulf Coast Educators Insurance, we offer the option of investing in annuities. An annuity is a form of investment that provides payments to an individual once the annuity has matured. Annuities have two options: fixed annuities and indexed annuities.

A fixed annuity guarantees that you make a stated rate of interest on your investment. This annuity is not tied to the stock market and is guaranteed. It is a risk free type of investment since your investment will not fluctuate due to the stock market. With a fixed annuity, you can opt for an immediate or a deferred annuity. With a fixed annuity, you can usually withdraw up to 10% yearly without having to pay an early withdrawal penalty. To learn more about a fixed annuity, contact one of our knowledgeable and experienced insurance agents at any of our three southwest Florida locations: Naples, Port Charlotte, or Fort Myers. The Naples office can be reached at 239-591-0963. To reach our Port Charlotte office, please call 941-391-5423. To speak with an agent in our Fort Myers office, please call 239-997-0420.

An indexed annuity offers a return on your investment based on a specified equity-based index. The stock index will vary over time so there is a limited risk with this investment though it could end up being in your favor. To learn more about this type of annuity, please call one of our agents at the numbers above.

An IRA, individual retirement account, is another option for investing in your future. A Roth IRA lets you withdraw you money tax free. You pay the taxes prior to putting your money into a Roth IRA. There is a limit on the amount of money you can put in your Roth IRA every year. This IRA option also allows you to leave your money in your account for as long as you like. This plan offers more options than a traditional IRA. For all of the details about a Roth IRA, please set up an appointment with one of our insurance agents.

Gulf Coast Educators Insurance offers an array of financial products to help you save for your retirement. Please give us a call at any of our three offices to set up an appointment to review all of your retirement savings plan options. We look forward to helping you get and keep on track for a financially healthy retirement. Please call us today!

Affordable RV Insurance

Gulf Coast Educators Insurance offers insurance policies for a variety of RV enthusiasts! We offer coverage for campers, travel trailers and motor-homes. We are happy to insure Class A and Class B motor homes as well as Class C units. There are many things to consider when purchasing your RV policy.

A sample of the questions that we are frequently asked at Gulf Coast Educators Insurance include:
•How much does RV insurance cost?
•What type of insurance do I need for a motor home?
•Does RV insurance cost more for a Class A or a Class B motor home?
•Is a travel trailer less expensive to insure than a motor home?

Another consideration is whether you are using your RV as your home or purely for recreational purposes. Do you need homeowners insurance instead of RV insurance? We encourage you to call our office to understand what type of RV insurance will meet your needs and offer the maximum protection.

An insurance policy that covers your recreational vehicle provides peace of mind in case of damage, fire, theft, or an accident. Damage can occur while traveling, while camping, or even while your rig is parked at your home. Don’t leave it to chance, get your travel trailer, RV, camper, or motor home insured!

Gulf Coast Educators Insurance, a Horace Mann Company, offers competitive rates for your rig. We offer a free insurance quote. To discover how much you could be saving, please contact any of our three convenient Southwest Florida locations. To learn more about RV insurance or obtain a free quote, call our Naples office at 239-591-0963. To reach our Port Charlotte office, please call 941-391-5423. To find out how much you could be saving on RV insurance, contact our Fort Myers office at 239-997-0420.

Our knowledgeable and experienced RV insurance agents are available Monday through Friday. They are happy to answer any questions that you may have about RV insurance and its coverage. Please give us a call today for your free RV insurance quote.