Levesque Wealth Planning

Nowadays most people have jobs or are self-employed and they have to save for their retirement without a company pension plan. Besides saving enough you also have to hope that the markets will be in your favour when you actually pull the plug and retire.

For a long time, annuities have been given a bad rap. But with market volatility as it is, annuities can provide peace of mind and a guarantee that you will never run out of money in your lifetime. There is a place for annuities in many people’s retirement plan.

Annuities are not new. Annuities have been around for many many years and have helped many people, especially spenders, save themselves from themselves. You will often hear, especially in the United States, when somebody wins the lottery do they want to take one lump sum payout or an annuity over their lifetime. Many people feel they can manage their own money and so they take the lump sum. But in reality, there are many people who benefit from taking a regular income for their lifetime. This is what an annuity can provide.

So, the question becomes why do annuities have such a bad rap? I think the main reason is because once you buy an annuity your money no longer belongs to you. It belongs to the insurance company. But what the insurance company will do is guarantee you an income for a period of time or your lifetime depending on how you set it up initially. There are many riders and conditions that you have to consider when taking your annuity. And insurance advisor can go over the options to maximize your income while protecting things such as inflation and your estate.

An annuity is an insurance product that you can purchase by making deposits into or a lump sum purchase. Either way at some point in the future when you feel that guaranteed income is needed to provide you with peace of mind, call us for an appointment to discuss your options. We are here to answers all your questions to help you plan a secure retirement.

 

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You can, as long as you include this complete statement with it: Linda J. Levesque and Daniel Fearon, are Senior Investment Advisors.  Linda J. Levesque is an author of The 5 Minute Wealth Plan, Saving Today for a Richer Tomorrow®, in The Road to Success with Jack Canfield and in The Authorities, Powerful Wisdom from Leaders in the Field.  If you’re ready to jump-start your life, have more fun and joy in all that you do, get a FREE consultation from Linda J. Levesque and Daniel Fearon.

iA Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. iA Private Wealth is a trademark and a business name under which iA Private Wealth Inc. operates.

This is not an official publication of iA Private Wealth and the information and opinions contained herein do not necessarily reflect the opinion of iA Private Wealth. The particulars contained on this article were obtained from various sources which are believed to be reliable, but no representation or warranty, express or implied, is made by iA Private Wealth, its affiliates, employees, agents or any other person as to its accuracy, completeness or correctness. Furthermore, this article is provided for information purposes only and is not construed as an offer or solicitation for the sale or purchase of securities. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces where they are registered.

*Insurance products are provided through iA Private Wealth Insurance, which is a trade name of PPI Management Inc. Only products and services offered through iA Private Wealth Inc. are covered by the Canadian Investor Protection Fund.