IRA AND WEALTH TRANSFER 

 Two situations you should consider:

  1. IRA SITUATION… At age 70 ½ you must take distributions from your tax deferred IRA. This is an increasing percentage as you age; thereby diminishing the account values. Most people don’t want to withdraw from their IRA because they want to leave the money for the spouse or children. So a big concern is over the 10-15 years of withdrawals and then reducing the account so dramatically that the spouse is left for naught.

How would you like to have a product that guarantees even after 10-15 years of withdrawing the RMD (required minimum distributions) the account value will be greater than the original balance; regardless of the stock market performance or interest rates? Yes, read that again! Now your surviving spouse will have a strong financial future; and the balance will go to the children.

 Speak to me about running the numbers for you to see exactly what your financial future can look like  with a fixed annuity product.

  1. Wealth transfer…If you have earmarked a savings or CD or money market account etc for the children then one problem is the tax burden placed upon the inheritance.

How about a product that will give the children tax free monies and cost you about ½ to1/3 less than just leaving them the cash? For example: You plan on leaving $50000 to the children and have it in a CD, money account etc. You can take $30,000 and turn it into $50000 leaving you $20000 for your needs. Plus the money the kids receive is tax free (not so with the CD, money acct etc.). Suppose we increased your investment by 10% …immediately…so $20k is now worth $22000…also the money is 100% liquid at any time without penalty…and also give you Nursing Home confinement coverage includeda win win for you and the kids. 

Call NOW for your FREE consultation on Single Premium Whole Life Insurance.

 

 

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Insurance Agent for Seniors

Mitchell Jerome

3235 Glade Springs Dr
Kingwood, TX 77339

Phone: 713.639.5097
Cell: 832.287.1122
Fax: 832.644.6423
Toll Free: 877.402.7236
seniorsource@gmail.com

Specializing in:

Located in Kingwood Texas and serving the Greater Houston area and the state of Texas, Florida and Tennessee.