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!