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LISTEN, UNDERSTAND, RESEARCH, HELP. Money management has a new reality. Financial-planning efforts must consider “the whole client.” We offer a multi layer approach that starts with education. We strive to gain your trust then deliver the results you seek. At Gelinas Financial Group, Inc., our passion is supporting our clients by adding value: You need information to make correct decisions. We’ll help you achieve higher levels of success and better process management through cutting-edge solutions, training, mentoring, and continuing education. Our objectivity and independence mean you get the financial-planning and risk-management solutions that meet the unique demands of your present situation. We offer our expertise in the following areas: Financial Planning Retirement Planning Insurance Investment Coaching Annuities More Hope is not a strategy. We meet with our clients regularly to scrutinize their investments and make adjustments.
Annuities as a retirement plan
Gelinas Financial Group, GA, RetirementAccording to the Social Security Administration, the average adult will live between 15 and 19 years after retirement; it's important to make sure those funds last.  That means retirement planning is a vital consideration when you are building your financial plan. One intriguing option for retirement is the annuity. An annuity is an insurance product that makes regular payments to a retired person. These payments can be scheduled monthly, quarterly, yearly or as a lump sum. They can be structured to make payments for the rest of your life or through a set span of time. When considering annuities, you can opt for a deferred or immediate annuity. With an immediate annuity, you begin receiving payments as soon as you put your first payment in. These plans are usually geared toward older adults who are ready to retire or retired already. A deferred annuity allows your money to grow over time before you begin receiving payments. A deferred annuity can be converted to an immediate one if you decide you would like to begin receiving payments. How large the payments are depends on a number of factors. If you opt for a fixed annuity, you will get the same amount each period. With a variable annuity, your payments will go up and down depending on the earnings of the annuity's investments. One of the prime benefits offered by annuities is their tax benefits. Taxes on annuity contributions, like other contributions, can be deferred. And, there is no limit on annuity contributions like there is on IRAs and 401Ks. This allows people who need to invest heavily to catch up with those who began saving earlier. There are, of course, many different options available for funding your retirement and you will need find out which path will work best for you. Research different investment vehicles and their associated costs to find the one that best fits your lifestyle and your retirement needs. Content provided by Transformer Marketing. Sources: http://www.ssa.gov/history/lifeexpect.html, http://money.cnn.com/retirement/guide/annuities_basics.moneymag/
Shawna Kreis
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