At Oladipo Wealth Management, our broad range of retirement products and services can help you achieve a comfortable retirement.
Whether retirement is a lifetime away or right around the corner, we’re here to help you determine where you should be on the road toward reaching your retirement goals.
There are many different ways to think about retirement, and your dreams may not appear on anyone’s bucket list but your own. No matter how you envision retirement, having the freedom to live life your way will depend, at least in part, on having a secure source of reliable income.
Tax Advantage | Investment Flexibility
With an IRA, you’re able to save for retirement with tax advantages. Compared to a 401(k), which you usually invest in through payroll contributions at your employer, an IRA is opened by an individual through a financial services provider, such as an investment firm or bank. IRAs allow you to choose among investment options like mutual funds, individual securities, and annuities. There are two common types of IRAs: traditional and Roth; each have different eligibility requirements, contribution limits, and tax benefits.
Predictability | Liquidity | Death Benefit
Deferred fixed annuities require a deferral period before you can begin receiving income. The money in your contract is credited with a fixed rate of interest for a specific period of time and you won’t have to pay taxes on your earnings until you withdraw them as income1. Because there is no exposure to market risk, your principal is protected. When you are ready to begin receiving income, you can choose from a variety of options to customize your income stream.
Growth Potential | Death Benefit | Income Options
Variable annuities provide the potential to grow your assets and defer paying taxes on the earnings until you withdraw them as income.1 A diverse menu of professionally managed investment choices allows you to invest your contract value in a way that reflects your retirement goals, time horizon, and risk tolerance. Variable annuities are insurance products, so they provide many important features such as a variable annuity death benefit, lifetime income, and optional living benefits. Keep in mind that purchasing a variable annuity involves risk. The value of your contract can go up or down, depending on the performance of the underlying investments.
Guaranteed Income | Death Benefit | Income Options
Income annuities are designed to provide guaranteed income, rather than to help you accumulate retirement savings. Immediate income annuities guarantee income that begins within 13 months of contract issue in exchange for a single purchase payment. Deferred income annuities guarantee future income and generally allow you to make multiple purchase payments over time (with some restrictions). Since they provide limited or no liquidity, guaranteed income annuities, generally, are not the best choice, if having access to the money in your annuity contract is important to you.
Potential Growth | Lifetime Income Feature | Protection From Market Loss
Fixed index annuities (FIAs) provide the ability to earn interest and create a stream of lifetime income through annuity options or, if offered, a guaranteed lifetime withdrawal benefit (GLWB) rider, while being protected from market loss. GLWB riders typically allow you to maintain access to your contract value while preserving the flexibility of guaranteed income.
Death Benefit | Cash Value | Opportunity to Earn Dividends
Whole life insurance is a permanent policy, which gives you guaranteed protection for your loved ones that lasts a lifetime. With whole life insurance, unlike term, you earn guaranteed cash value, which you can use however you want. Participating whole life insurance is eligible to earn dividends2, which can increase the death benefit and the cash value of the policy. Or there are other options you could choose, such as using dividends to help pay premiums.
1 There is no additional tax-deferral provided when an annuity contract is used to fund a tax-qualified retirement plan. Investors should only buy an annuity contract for the annuity’s additional features, such as lifetime income payments, living benefits and/or death benefit protection.
2 Guarantees are based on the claims-paying ability of the issuing company
Securities and investment advisory services offered through qualified registered representatives of MML Investors Services, LLC. Member SIPC 250 West 34th Street One Penn Plaza Suite 2035 New York NY 10119-0002 (212) 736-2001. Oladipo Wealth Management is not a subsidiary or affiliate of MML Investors Services, LLC or its affiliated companies.
We are licensed to sell insurance products in the following jurisdictions: CA, CT, DC, FL, GA, IL, MA, MD, ME, MI, NC, NJ, NM, NY, OK, PA, TN, TX, VA, WI.
Lanre Oladipo, domiciled in New York, California License 2077992, Gabriel Mizrahi, domiciled in New York, California License 0M95412
We are Licensed to sell securities products in the following jurisdictions: CA, CT, CO, DE, DC, FL, GA, IL, IA, MA, MD, ME, MI, MS, NC, NH, NJ, NM, NY, OK, PA, SC, TN, TX, VA, WI, WA.
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