Our philosophy at Statewide Retirement Planning Co. is to work with our clients through education and information. We feel strongly that this approach will enable our clients to make better and more informed decisions. With this in mind, we have decided to send out a regular newsletter filled with information regarding all aspects of retirement and the retirement planning process. We hope that you enjoy reading these newsletters and are able to use the information to make your retirement years more secure and enjoyable than it otherwise might be.
Please feel free to forward copies to your family and friends.

Use RMDs To Increase Your Legacy And Provide LTC

If you have an IRA or 401(k), you know that once you reach the age of 70 ½, the IRS mandates that you must start taking withdrawals from your account whether you want to or not, called an RMDs (Required Minimum Distribution). These distributions must be made every year for the rest of your life and they normally increase every year. The amount that has to be withdrawn is determined by multiplying your account balance by a factor from a table published by the IRS.

Many people do not want to take them because they just don’t need the extra income and don’t want to pay the taxes on the distribution. The distributions are treated as ordinary income. They would prefer to leave the money untouched and avoid paying tax on it to leave the largest estate that they can to insure that their surviving spouse will be taken care of, or leave a greater amount to their heirs.

There is a way that you can take your RMDs and still leave a guaranteed estate of your initial principal or better to your spouse or beneficiary regardless of interest rate or market fluctuation. In addition, you would create a tax-free pool of money that would be available to you for Long Term Care expenses if needed.

Call us now at (954) 781-2220 or fill out this short survey to find out more about how you too can do this and how you can receive guaranteed* income for life, your own pension, and protect your principal at the same time!

Call Statewide Retirement Planning Co. at (954) 781-2220 or Fill out the short survey HERE. That will put you in touch with a licensed advisor who specializes in retirement income planning. ASSET PROTECTION INCOME PROTECTION LEGACY PLANNING HEALTHCARE PLANNING

* Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurer.

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Cli'ck Here to Get Your FREE gift that will help you plan for long-term care expenses. and your income for life illustration.

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