March 1, 2024

Are you worried about your financial well-being during your golden years? At Synergist Wealth Management, we understand that securing a comfortable retirement is a top priority. That’s why we’re proud to introduce you to our “Guaranteed Basic Income in Retirement” service, designed to ensure your financial peace of mind.

With a fixed index annuity (FIA), you can rest easy knowing that you’ll receive a guaranteed basic income for life. An annuity is essentially a contract with an insurance company, where you invest your hard-earned money, and in return, it converts into set payments, which you can access after a specific surrender period. 

The income you receive is promised by the insurance company, offering a safety net for your retirement. While most individuals begin withdrawing after the age of 60, the timing can vary, and delaying your payments might result in a larger income amount. Another significant advantage is that your principal balance remains protected from market losses.

But what exactly is an annuity payout, and how can it benefit you? With both fixed annuities and FIAs, you receive a series of predictable payments over a specified period. Some FIAs also offer additional benefits, such as income riders and death benefits. 

The income rider feature enables you to increase your income amount from the annuity as costs rise, making it an invaluable tool for retirees to stay ahead of inflation and escalating living expenses.

It’s important to note that not all policies will provide income riders, and not all situations warrant their use. To understand all the costs associated with these benefits and make informed decisions, Dinu Tise is here to assist you. 

We’re committed to answering your questions and helping you find the guaranteed basic income solution that perfectly suits your needs.

Taking income from an annuity may impact your taxes, and early withdrawals from retirement accounts can result in a 10% federal tax penalty. Fortunately, fixed annuities and FIAs are typically tax-deferred until you decide to withdraw money, offering flexibility and control over your finances. Contact us today to explore the specifics of your accounts and unique financial situation.

Synergist Wealth Management offers not only financial stability but also peace of mind. Annuity contracts come with several benefits, with one of the most significant being the protection of your money from stock market risk. 

When the market takes a downturn, the insurance company shoulders the risk, leaving your financial security intact. Additionally, our annuity death benefits bypass probate, ensuring that your loved ones inherit your assets seamlessly.

Bottom line

To take the first step toward securing your financial future, visit one of our offices in Miami, Coral Gables, or Aventura. Our team is here to guide you through the process and help you make informed decisions about your retirement.

Synergist Wealth Management, under the leadership of Dinu Tise, is your trusted partner in securing a guaranteed basic income for your retirement. Say goodbye to financial uncertainties and embrace a prosperous future with us.

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