IEGroup LLC

To have a Great Retirement requires planning. Done right it just looks easy.     

To have a healthy retirement, one must start early in life to prepare for the eventuality.  Putting a little aside every month, will eventually turn into a huge nest egg.  The federal government has set aside special funds that are specific for retirement.  These instruments are called annuities.  They are designed specifically for retirement, in fact, there is a IRS penalty of 10% ifyou access these funds before 59 1/2.  There are qualified annuities, such as 401(k)s, 403 B’s, 529 plans, IRAs, SEP IRAs, and Roth IRAs. Right now there is a push by the federal government convert 401(k) and IRA’s to Roth IRA’s.  And Ira in the 401(k) uses pretax dollars to create your retirement this day.  A Roth IRA uses tax monies to create a nontax retirement.  From this year to the year 2011 the federal government will allow you three years to pay taxes on 401(k)s, IRA’s and SEP IRA’s if you wish to convert them to Roth IRA’s.

There is also something  called a nonqualified plan.  These include every other annuity.  Somewhere in between these two is something called a 412 (e).  In the world of the 401(k, there are many flavors. This includes equal distribution teared distribution, variable, safe haven and defined benefit plans.  You can say that there very many possibilities.  This is why you need a professional to help guide you through the minefield.

Are many kinds of annuities.  There are fixed annuities, which include multiyear guarantees, bonus annuities, and fixed indexed annuities.  There are variable annuities, and every possible combination in between.  There are short term annuities that last as little as one year.  There are income riders to last the rest of your life.

Where should you put your money?  Every day the financial world is changing.  Wouldn’t you like advice from someone, nobody has ever lost money from? That’s who we are.

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Retirement

These are the insurance companies, we represent, that offer annuities.

Most annuity owners got their annuity from their stockbroker.  Others purchased their annuity through their insurance agent.  These are probably the worst places to obtain an annuity and I’ll tell you why.

Most securities firms offer a limited choice (5 to 10) annuities to their clients.  The annuities offered are often selected by which pay the securities firm the highest commission or which provide trips to the brokers.  For example, I know of no securities firm that offers a true fixed rate annuity (where the rate is locked in for the entire term) to their clients.  That’s because the commissions are lower on these types of annuities.   The client is instead offered an annuity with a rate fixed for only one year that changes thereafter.  And most times, it changes to a lower interest rate.

If you really want no choice, get an annuity from your insurance agent.  If your insurance agent is an employee of their insurance company, he will only offer you one annuity‑‑the one from his company!

If you want the widest choice to select the best annuity for yourself, get it through an independent agent or independent financial planner.  These people are not tied into any one company or group of companies.  They are free to shop the market and find you the best match for your needs.

We are independent financial planners.  We work with over 40 annuity companies with over 300 financial products.  We are always shopping the market for the best rates.  You never pay any commissions (these are paid by the insurance company to us). Before you make an annuity purchase and get locked into a policy that’s not as good as you can get, please give us a call.  Check the country’s best rates anytime, by calling me at 866-986-9933 ext 1.

AIG/American General                           American National                                  Security Benefit

Allianz                                                        AmriMark                                                 Annuity Investors Life

Aviva                                                         AXA Equitable                                         Banner                     

Equatrust                                                   ForeThought                                             Genworth               

Great American                                        Guaranty Income Life                             ING USA               

John Hancock                                           Hartford                                                      Investers Insurance

Integrity Life                                            Liberty Bankers Life                               Lincoln Benefit      

Lincoln Financial                                     Loyal American                                        Met                           

Midland National                                     Midland National                                        Penn Assurance     

Penn Mutual                                              Principle                                                     Old Mutual

Presidential                                               Protective                                                  Prudential               

Reliastar                                                     Royal Canadian Bank                             Sun Life of Canada

Standard of Oregon                                 Standard of Indiana                               Symetra  

Transamerica                                            United of Omaha                                      West Coast