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What is my time horizon? When do you need the money?
In 5, 10, 20 years? Or are you looking for an income that you cannot
outlive?
What do I want from my money?
You may be trying to achieve several goals such as funding a child's
education and purchasing a home. Or your goal may be long term growth. You
also may be planning for retirement. Thus, you may want both growth and
income from your money.
Are my goals realistic? Your strategy to work towards
your goals should consider your age, income, taxes and risk tolerance.
What is my tolerance?
When considering financial products, you should remember one thing: The
greater the potential for reward, the greater the risk. Am I comfortable
risking my principal for a potentially greater reward? You may be more
comfortable with a lower potential return in exchange for guarantees. In fact, you may want to participate in the growth potential of the market
without any market risk to your principal.
How long do I have?
Age is one factor that will influence the risk you're willing to take.
Generally, the longer your time horizon, the greater risk you can tolerate.
For example, if you are a young adult, and able to stay in program for a
long time, you might be comfortable with the higher risks. However, if
you're somewhat older and thinking about planning for retirement, a more
conservative program may be more appropriate. In any case, you may
want to have it both ways: You may want to participate in the upside without
any downside market risk to your original principal.
Working Towards Your Goals
Working Towards Your Goals With Life Insurance
Many people view life insurance as just death benefit protection. But with
the different types of policies available today, life insurance can help you
meet other goals, such as saving for retirement and education or paying
estate taxes. More and more people are looking for life insurance with
living benefits--benefits that can provide cash to help them through tough
times if they should fall victim to cancer or other serious illness or
disability. In addition, many people want their life insurance policy
to potentially benefit from the growth of the stock market without risking
their principle, and to receive income from their life insurance investment
income tax free.
Life Insurance
Working Towards Your Goals With
Deferred Annuities
People use fixed annuities to accumulate funds over a period of time on
a tax-deferred basis. At the end of the time period that they
selected, people may want to either roll the annuity over into a new annuity
for a new time period, continue to let the original annuity accumulate, or
start receiving payments over 10, 20 or more years. Some want to receive
an income from their annuity that they could never outlive. In addition,
many people want to be in a position to benefit from the growth of the stock
market without risking their principle. All these benefits are
possible with today's fixed annuities.
Annuities
Realizing
Your Goals With Immediate Annuities
People use immediate annuities in order to convert some of their
retirement assets into a stream of monthly payments that will continue as
long as they live. A guaranteed monthly check can mean security.
As some governmental and other organizations struggle to figure out how they
will ever meet their growing and unfunded pension liabilities, its
comforting to know that you have prefunded at least part of your own pension
yourself by purchasing an immediate annuity.
Annuities
Working Towards Your Goals With Long-Term Care Insurance
Many Californians worry that they will outlive their financial resources and
become dependent upon public assistance during their sunset years. They
worry that their health will decline and leave them helpless and in need of
custodial care. This worry is not unfounded. As we get older, and because we
are living longer, the likelihood of needing help with the activities of our
daily lives increases with every passing year. LTC insurance will not make
you rich, but it may keep you from ever becoming poor.
LTC Insurance
