Retirement Income Protection

Orion Insurance & Financial Services is knowledgeable and experienced at working with all varieties of both qualified and non-qualified retirement plans. Whether you work as a public employee and need advice on covering that income gap in retirement we can help you understand the Tax Advantage Strategy and Maximize your Retirement Income! 

There are 3 Battles you have to win when thinking about your Retirement! 

• TAXATION- making sure you keep as much of your income as you can from being over-taxed. While you may be retired you may be at a higher tax bracket than you were when you started your Retirement. This will increase your tax obligation on all your qualified accounts. They grow tax differed and when it is time to draw in retirement the funds are taxed as income! 
• BEAT INFLATION- We are seeing inflation at an all time high .. Your Dollar now will go further now than it will in 10,20,or 30 years. The cost of living will increase and we need to prepare for that! 
• GROW YOUR MONEY- There are 3 Ways to grow your money. Savings or Bank account that offers a very low interest rate but is secure and should be used for emergency funds only. Stock or accounts tied to the stock market like a 401K, Roth, IRA, ect. These accounts have contribution limits and only allow you to pull between 3-5% a year out in your retirement years that may leave you with a gap that you are not comfortable with.. These accounts are tax differed and will be taxed as income when you retire. Also these accounts are tied heavely to the stock market and you will see losses and gains as the market fluctuates. The final method that is just in the middle is the INDEXD Strategy or TAX ADVANTAGE!! By building in one of these accounts your funds are tied to an Index like the S&P 500. They offer between 4-12% gains and a 0% floor so there is never any losses. This is a very effective way to build your retirement income without worrying about taking stock market losses. The above Graph is a great illustration on how the INDEXED strategy has out performed Wallstreet and any Bank Account. 

Retirement planning can be confusing, and sometimes very intimidating. When you work with Orion Insurance & Financial Services, we take the time to carefully explain our Indexed strategy that make sense for you in detail. We look forward to helping you protect your future!