Personalized Income Protection & Retirement Planning
Secure Your Future with Landers Insurance
At Landers Insurance, we focus on your peace of mind with strategic planning so you don't run out of money in retirement. You may be considering an annuity or life insurance solution for your financial plan, but before we look at any product or solution, we talk to you about what your funds are for, what kind of lifestyle you want in retirement, etc.
Then we do a through strategic income planning and comprehensive tax planning analyses, to maximize your assets while minimizing tax liabilities.
And finally, if there are annuity or life insurance strategies that will help you reach your goals, we have the tools to find and compare the best products available
There are a variety of risks in retirement. They include:
- Outliving your money
- Inflation
- Long Term Care Needs
- Sequence of returns risk
Risks in Retirement
We address these needs by first doing a comprehensive analysis of your retirement situation including your goals, all of your assets, income, liabilities, health, etc.
The graph below shows what we were able to do with them with our planning using some income annuities. We set them up so they wouldn't run out of money no matter how long they lived.
Outliving Your Money
Below is a graph we produced for a 67 year old married client that shows him and his 66 year old wife running out of money at his age of 79 with the plan he had before working with us. His life expectancy was age 91 and his wife's was 95. The graph runs to her life expectancy.
The red in the bars shows the income gap he and his wife had in their planning.
Inflation
According to the latest government figures inflation is running at 2.7%, but they do all kinds of adjustments to their numbers.
A real world inflation number can be found in the Big Mac Index calculated by The Economist, which is currently at 4%. This has actual costs to put a Big Mac on your table, which include the materials, labor, transportation, etc. This is the inflation number I used in the above charts. And of course the real risk is that inflation will go higher. Are you prepared for that?
Long Term Care Needs
Traditional long term care insurance was initially pretty affordable but quickly became very expensive because the insurance companies underestimated how much it would be utilized and had to raise their rates significantly. Plus these policies had the feature of, "If you don't use it, you lose it."
Some newer annuities and life insurance policies have features that can significantly increase your income if needed for care and/or have full long term care benefits from 4 to 8 years. The size of the benefits depend on how much you put into the policies. And these all have the feature of, "If you don't use it, you won't lose it" because any funds left over will go to your heirs.
Sequence of Returns Risk
This is a little known or talked about risk that can have a significant impact on your retirement. It’s not withdrawals that hurt most portfolios…It’s a withdrawal at the wrong time.
For example:
If you need income during a downturn, you’re forced to sell more
shares to get the same cash. That means fewer shares left to recover once the market bounces back.
And if this occurs early in your retirement, it can significantly lower the number of years your income lasts.
Just think of it like this: When income comes from the same account that’s meant to grow, the timing of withdrawals matters enormously. Fortunately there’s a better way.
The Solution is to separate the responsibilities of your assets.
This simple idea, one we help retirees with every day, can dramatically reduce stress and improve long-term outcomes:
Use one part of your savings to support your lifestyle.
Let the rest focus on long-term growth.
This is a problem we solve every day with our comprehensive analysis mentioned above.
Our Key Services
Explore our specialized services designed for your financial security and peace of mind.
From Income Annuities to Tax Planning, we cover all your needs.
Income
Annuities
Ensure consistent income stream in retirement with our tailored annuity solutions.
Fixed Index Annuities
Protect your investment while benefiting from market growth with Fixed Index Annuities.
Roth
Conversions
Maximize your retirement income by converting traditional accounts to Roth.
Comprehensive Tax Planning
Strategically minimize tax liabilities with our personalized tax planning services.