性世界传媒

How do I鈥

Save enough for what鈥檚 ahead?

You don鈥檛 know what the future has planned for you, but you want to be prepared for the unexpected and be able to achieve your goals. Maybe you want to travel. Open a business. Or simply enjoy the fruits of your labor. Life is full of unknowns and surprises, but by saving now, you'll be prepared for whatever life has in store.

You don鈥檛 know what the future has planned for you, but you want to be prepared for the unexpected and be able to achieve your goals. Maybe you want to travel. Open a business. Or simply enjoy the fruits of your labor. Life is full of unknowns and surprises, but by saving now, you'll be prepared for whatever life has in store.

You鈥檙e saving for a broad spectrum of goals. Whether you need money now鈥攖o pay bills, support your family, or maybe take a vacation鈥攜ou also have an eye toward the future, looking to plan a comfortable retirement. In your 30s, retirement can seem far off, but by your 40s, the future comes into sharper focus. In your 50s, things become even clearer, and then suddenly you鈥檙e nearing retirement. No matter your stage in life, now鈥檚 the time to take proactive steps toward securing the financial future you want. Partner with a financial professional who can help you identify and meet savings goals, now and in the future.

How much money do I need to save for retirement?

Some experts say you鈥檒l need 80% of pre-retirement income after you retire. To get there, one rule of thumb is to aim to save 15% of your pre-tax income each year, including employer contributions. But the easiest way to ensure you鈥檒l have enough for retirement is to start sooner rather than later. There are ways to play catch up (see below) but prioritizing your future today can help set you up for greater success down the road. That鈥檚 because the power of compounding gives your money more time to build. To gain a better sense of how much you鈥檒l ultimately need to save for retirement, use our Retirement Income Translator tool.


* Calculations based on hypothetical examples - individual results may vary
Source:听U.S. Securities and Exchange Commission Compound Interest Calculator

How can I catch up on my retirement savings?听

If you feel you鈥檙e behind or got a late start, there are steps you can take. For instance, from age 50 on, the government allows catch-up contributions to a 401(k), 403(b) or other retirement savings plans. In fact, for 2020, the IRS increased the catch-up rate to $6,500 annually鈥 beyond the standard contribution limit of $19,500. Investors over age 50 can also take advantage of catch-up limits for the Traditional or Roth IRA account, which is $7,000, compared to the $6,000 standard contribution limit (IRS notice 2019-59). You can take even greater advantage of catch-up contributions by delaying your retirement by a few years, from age 65 to 70, for example. You also can consider an annuity, which allows you to lock in guaranteed income for life.听


* Calculations based on hypothetical examples - individual results may vary; assumes annual return of 6% and IRS contribution limits for 2020

How can I ensure I won鈥檛 outlive my retirement savings?听

Life expectancy in the U.S. has risen over the past few decades, which means the number of years people living in retirement has risen, too. Today鈥檚 investors need to plan for a retirement that could last 20 to 30 years or more. While it鈥檚 impossible to forecast all your future needs, you can foretell the need for consistent income. That鈥檚 why annuities, with protected income that you can use as part of a comprehensive retirement plan, make an attractive option. They provide a steady, reliable income that can work with other retirement accounts to help give you the security you need.听


1 Social Security Administration Life Expectancy Calculator
2 Social Security Administration Publications, 鈥淲hen to Start Receiving Retirement Benefits鈥

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Products To Help You Save

Variable Annuity

A variable annuity is designed to provide reliable monthly income that lasts for life. It is a long-term investment that can help you grow your retirement savings faster by investing in a diverse selection of investment options while deferring taxes until you take income. The market-based investment performance will be variable, meaning it can go up or down. Variable annuities also allow you to provide for loved ones through a guaranteed death benefit.

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Fixed Indexed Annuity

A fixed indexed annuity is designed to provide reliable monthly income that lasts for life. It protects your principal, while providing growth opportunity based on the positive movement of an index, such as the S&P 500庐 index. Fixed indexed annuities enable you to grow your retirement savings faster by deferring taxes until you take income, creating lifetime income, and providing for loved ones through a guaranteed death benefit.

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Mutual Funds

Offers the opportunity to meet savings goals by growing money through a professionally managed portfolio of market-based investments (e.g., stocks, bonds, and more).

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Cash Value Life Insurance

Offers death benefit protection with tax deferred cash value build up, and ability to access the cash value via policy loans and withdrawals.

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Find a Financial Professional

You want to reach your goals. A financial professional can help you get there.

Frequently Asked Questions

How will inflation affect my cost of living?

In 1958, the average cost of a movie ticket was 68垄. Today, it鈥檚 more than $8.001. That鈥檚 inflation. Over time, inflation tends to push the cost of goods and services higher. That鈥檚 why it鈥檚 important to consider financial strategies that will help your savings keep up with the cost of living. Your financial professional can help.

1听, retrieved 7/6/2018

How will market participation affect my savings?

The financial markets are impossible to predict, and a market loss can affect your ability to live a comfortable lifestyle down the road. That鈥檚 why it鈥檚 important to diversify among a number of different investments and financial products. It鈥檚 like the old saying, 鈥淒on鈥檛 put all your eggs in one basket.鈥 Diversification may help you gain when markets rise and protect you when they fall. In addition, diversification does not guarantee future results, ensure a profit, or protect against loss. Your financial professional can help.

When will changes in the market affect me most?

Markets rise, markets fall, and no one can accurately predict when. If you have lots of time ahead of you, chances are you will have the opportunity to rebound from market losses as the year鈥檚 progress. But if markets fall while you liquidate retirement assets for income it can have a significant impact on your retirement security. One way to protect against this is to diversify your assets among a variety of financial products, including some that are not affected by market downturns. Your financial professional can show you how.

How much can I expect to get from Social Security?

Social Security can be a great foundation for a long-term financial strategy. But for many, Social Security alone is not enough to provide a comfortable lifestyle. That鈥檚 why building your savings is so important. It鈥檚 the combination of your Social Security and savings that will determine the level of financial freedom you鈥檒l have during retirement. To find out more about how much Social Security you can expect, visit the My Social Security听website to get your personal Social Security statement:听.听

How much can I contribute to my IRA?

The IRA contribution limits change from time to time. In 2020, you may contribute a total of up to $6,000 per year to all your IRAs ($7,000 if you鈥檙e age 50 or older). However, you cannot contribute more than your annual earnings. So if those earnings are below $6,000, you can only contribute up to the amount you made.

Source:听

How do I know if an IRA (Individual Retirement Account) is the right solution for me?

When the goal is to build long-term savings, many investors think of contributing to an IRA because it enables savings to grow faster through the power of tax deferral. However, there are also other tax-deferred options available to investors, including your employer鈥檚 401(k) plan, annuities, and other vehicles. Before investing your hard-earned money, ask your financial professional about the features and benefits of the various tax-deferred plans, and select the one or ones that best suit your personal situation, needs, and goals.

How may I keep more of my investment earnings?

Taxes can impact how quickly your savings grow. Taxes can also impact how much you get to keep once you begin taking income. Distributions from annuities, IRAs, qualified retirement plans like 401(k) plans, and pension plans are generally taxed at income tax rates. Assets outside retirement plans like stocks, mutual funds, and real estate are generally taxed at capital gains tax rates. There is an often overlooked source that offers tax-free income鈥攆rom sources such as Roth IRAs, municipal bond interest, and cash value life insurance death proceeds, loans, and withdrawals.

What if I live longer than expected? How long do I need my savings to last?

Will I have enough assets and income for a long retirement? No one can predict how long they鈥檒l spend in retirement, but many people today live well into their 70s, 80s, and even 90s. That鈥檚 why it鈥檚 important to have financial products that help you grow your money as much as possible and, down the road, turn it into income that can last your entire life.

What if I die too soon?

Without my income, how will my family pay the bills? You may see life insurance as an expense鈥攆inancial protection for your families at the cost of premiums paid. What you may be missing is that life insurance can be part of a diversified retirement strategy, providing valuable financial protection against premature death now, and the opportunity to build a source of supplemental retirement income later. Life insurance may be especially attractive for high-income earners who may face contribution caps on qualified retirement plans and need help saving enough for retirement.

Are there other ways I can optimize my portfolio for tax efficiency?

Yes, when it comes to saving for retirement, there are variety of tax considerations including annual contribution limits to qualified retirement plans, tax deductibility of contributions, tax-deferred growth potential, taxation of income (including capital gains and dividends), early penalty taxes for early withdrawals, and taxation of death proceeds. Your financial professional and tax advisor can help determine which options are right for you.

What is a retirement income strategy?

During our professional careers, investing is mostly about growing the amount of money we have. But when we retire, the emphasis often shifts to the goal of creating income. Specifically, how might we ensure our assets will provide enough income throughout the rest of our years to support a life that鈥檚 meaningful to us? Your financial professional can help you determine how much income you may need and how to create a strategy to meet your goals.

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Plan now, so you鈥檙e ready later

For you, family is one of the most important things in your life. You take care of them. They take care of you. Making sure that they鈥檒l always be taken care of, no matter what happens.

LEARN MORE

Retirement income

Being happily retired looks different for everybody. Maybe you want steady retirement income that lasts or supplemental income to help you meet the unexpected in life.

LEARN MORE

Protect and grow my business

You want your business to maintain its competitive edge. Attracting talent and building a succession plan for the future means you can ensure your business stays in stable hands.

LEARN MORE

Life insurance is subject to underwriting and approval of the application and will incur monthly policy charges.

In order to sell life insurance, a financial professional must be a properly licensed and appointed life insurance producer.

Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company and do not protect the value of the variable investment options, which are subject to market risk.

性世界传媒, its distributors, and respective representatives do not provide tax, accounting, or legal advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor or attorney.

Annuity withdrawals and other distributions of taxable amounts, including death benefit payouts, will be subject to ordinary income tax. For nonqualified contracts, an additional 3.8% federal tax may apply on net investment income. If withdrawals and other distributions are taken prior to age 59陆, an additional 10% federal tax may apply. A withdrawal charge and a market value adjustment (MVA) also may apply. Withdrawals will reduce the contract value and the value of the death benefits, and also may reduce the value of any optional benefits.

Under current law, a nonqualified annuity that is owned by an individual is generally entitled to tax deferral. IRAs and qualified plans鈥攕uch as 401(k)s and 403(b)s鈥攁re already tax鈥慸eferred. Therefore, a deferred annuity should be used only to fund an IRA or qualified plan to benefit from the annuity鈥檚 features other than tax deferral. These include lifetime income and death benefit options.

All investing involves risk, including the possible loss of the principal amount invested. The value of the variable investment options will fluctuate so that shares, when redeemed, may be worth more or less than the original cost. Please see the prospectus for a detailed description of investment risks.

For federal income tax purposes, life insurance death benefits generally pay income tax-free to beneficiaries pursuant to IRC Sec. 101(a)(1). In certain situations, however, life insurance death benefits may be partially or wholly taxable. Situations include, but are not limited to: the transfer of a life insurance policy for valuable consideration unless the transfer qualifies for an exception under IRC Sec. 101(a)(2)(i.e. the transfer-for-value rule); arrangements that lack an insurable interest based on state law; and an employer-owned policy unless the policy qualifies for an exception under IRC Sec. 101(j).

For federal income tax purposes, tax-free income assumes, among other things: (1) withdrawals do not exceed tax basis (generally, premiums paid less prior withdrawals); (2) policy remains in force until death (any outstanding policy debt at time of lapse or surrender that exceeds the tax basis will be subject to tax); (3) withdrawals taken during the first 15 policy years do not cause, occur at the time of, or during the two years prior to, any reduction in benefits; and (4) the policy does not become a modified endowment contract. See IRC 搂搂 72, 7702(f)(7)(B), 7702A. Any policy withdrawals, loans and loan interest will reduce policy values and may reduce benefits.

The "S&P 500庐 index" is a product of S&P Dow Jones Indices LLC or its affiliates (鈥淪PDJI鈥), and has been licensed for use by 性世界传媒. Standard & Poor鈥檚庐 and S&P庐 are registered trademarks of Standard & Poor鈥檚 Financial Services LLC (鈥淪&P鈥); Dow Jones庐 is a registered trademark of Dow Jones Trademark Holdings LLC (鈥淒ow Jones鈥). 性世界传媒鈥檚 product is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500庐 index. The index is not available for direct investment, and index performance does not include the reinvestment of dividends.

性世界传媒 refers to 性世界传媒 and its affiliates, including 性世界传媒 & Annuity Company. Insurance products are issued by 性世界传媒 in all states except New York and in New York by 性世界传媒 & Annuity Company. Product availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues.

性世界传媒's Home Office is located in Newport Beach, CA.

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