At Snow Planning, we identified two critical issues in the retirement planning marketplace: complexity and confusion.
Many advisors make retirement planning seem overly complicated to justify high fees. We believe you deserve peace of mind without the stress of navigating a maze of charts, graphs, and office visits. Take back your time and spend it doing what you love – whether it’s attending a ballgame, enjoying a meal with your spouse, or simply relaxing. With Snow Planning, your time is yours to enjoy.
Our comprehensive questionnaire is the foundation of our personalized retirement solutions. Based on your responses, we survey the market of over 120 carriers to find the best solution tailored to your unique situation. The result? A guaranteed stream of income that you’ll receive monthly for the rest of your life. With Snow Planning, you can rest assured knowing that you’ll never have to clock in again. Having helped over 1,000 U.S. families retire, our expertise is your assurance of a secure future.
At Snow Planning, our mission is simple: to help you prepare for a secure retirement. Our team of experts specializes solely in retirement planning, offering unmatched knowledge and personalized solutions. Whether you’re just starting to think about retirement or ready to finalize your plans, we are here to guide you every step of the way. Trust us to craft a strategy that aligns with your unique goals and financial situation.
Retiring should be simple and stress-free. At Snow Planning, we help you retire whenever and however you see fit. We take the worry out of global politics and market fluctuations, offering guaranteed solutions that provide peace of mind. With Snow Planning, you can be confident that you will never run out of money.
Here are some common questions about retirement planning and annuities to provide clarity and guidance as you navigate your financial future.
There are several types of annuities to choose from:
- Fixed Annuities: Offer a guaranteed interest rate.
- Variable Annuities: Allow you to invest in various sub-accounts.
- Indexed Annuities: Offer returns tied to a specific market index.
- Immediate Annuities: Provide immediate income payments.
Annuities in general are ideal for providing a steady income stream in retirement. Fixed annuities offer guaranteed returns, while variable annuities can be more volatile as they are tied to market performance. Annuities can complement other retirement savings by providing predictable income and lifetime income options. It’s essential to review your financial situation and consult with a financial advisor. Snow Planning is here to help you navigate these decisions and find the best solution for your needs.
The right age to buy an annuity depends on your financial goals and retirement plans:
- Pre-Retirement (50-60): Purchasing an annuity in your 50s or early 60s as you approach retirement. This timing allows the annuity to grow and ensures a steady income stream during retirement.
- Retirement Age (60-70): Buying an annuity at retirement age can convert a portion of your savings into guaranteed income, providing financial stability throughout your retirement years.
- Older Retirees (70+): Some may choose a deferred annuity to start receiving payments later in life. This approach can be beneficial for those that are concerned about outliving their savings.
At Snow Planning, we help determine the optimal timing and type of annuity for your needs.
The tax treatment of annuities depends on several factors, including whether they are funded with pre-tax or after-tax dollars, the payment structure (lump sum or periodic), and if they are held within a qualified retirement account. Generally, earnings within an annuity grow tax-deferred until withdrawn, at which point they may be subject to income tax.
Choosing the right annuity depends on your risk tolerance, investment objectives, time horizon, and retirement income needs. At Snow Planning, we assess your individual circumstances and help you select an annuity that aligns with your goals and preferences.
Most annuities have surrender periods during which early withdrawals may incur surrender charges. However, many annuities offer penalty-free withdrawal provisions for specific circumstances, such as death or terminal illness. Some annuities also offer optional riders that provide liquidity options for a fee.
Many annuities offer death benefit provisions, allowing you to designate beneficiaries to receive the remaining balance of your annuity upon death. The options and tax implications for the beneficiary may vary depending on the type of annuity.