Annuities
Have you considered the possibility of outliving your income? If so, an annuity or lifetime monthly guaranteed income may prevent that from occurring.
Fixed Annuity
CD rates are favorable today, but wouldn’t you prefer to lock in a similar rate for a longer period of time say 3, 5, or 7 years?
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With a Multi-Year Guaranteed Annuity (MYGA) you can do just that. There is no cost to you and they can be set up as an IRA or a non-qualified annuity.
For example, if you need income, you may be able to withdraw the interest accrued for that year or 10% without early withdrawal charges and a market value adjustment. Then at some point if you need a stream of income for a certain amount of time, your annuity contract can be annuitized, providing you with a predetermined amount of income depending on your annuity value at that time.
Fixed Index Annuity
(FIA)
A Fixed Indexed Annuity (FIA) is similar to a MYGA with its withdrawals and annuitization, but it also gives you the opportunity to capture a portion of the upside of the market depending on which strategies you select.
For example instead of a fixed rate of say 4% you may be able to have a return of 5-7%. The nice thing about an FIA is you are able to change selections each year. In addition, you may be provided the opportunity to select a fixed rate for a specific year, if market conditions look unfavorable.
Finally, if you do not select the declared rate and the market ends in a down time during that current policy year of your annuity, you do not lose account value, it just stays the same.
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Need more details? Contact us
We are here to assist. Contact us by phone, email or via our social media channels.
231 W Main St. Suite 102, Cherokee, IA, 51012 (712) 321-3272
For Insurance: FokkenFinancial@netins.net
For Investing: pmfokken@royalfundmanagement.com
Insurance product guarantees are subject to the claims-paying ability of the issuing company. The adviser is paid commissions on the sale of insurance products. Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All information is based on sources deemed to be reliable, but no warranty or guarantee is made as to its accuracy or completeness.
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Paul Fokken is an Investment Adviser Representative of Royal Fund Management, LLC, a SEC Registered Investment Adviser. 401(k) Maneuver is another business name for Royal Fund Management, LLC. The content contained herein is for informational purposes only and does not constitute a solicitation or offer to sell securities or investment advisory services. Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value. Past performance is not a guarantee of future results and clients should not assume that future performance will be comparable to past performance. For a copy of Royal Fund Management, LLC’s ADV Form 2A firm disclosure for review, please email or call to request a copy. This document contains detailed information about Royal Fund Management, LLC and the services provided.
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Full disclosure of advisory services for Royal Fund Management, LLC can be found at the following link: www.royalfundmanagement.com/disclosure/