I hope this newsletter finds everyone healthy and safe.
With all the crazy times we are going through, including the ups and downs of the economy, I wanted to remind everyone about the products we offer that will keep your money safe regardless of market fluctuation. Whether your clients are simply accumulating a legacy or are planning for a stable source income for their retirement years down the road, now is a perfect time to investigate the various options annuities provide.
Retirement Marketing Manager
We have products that will give you the gains of the market without the losses and if you just want a product that will give you a safe simple guarantee return every year, we can help with that also. We even have some products with rates that made my eyes bulge when I saw them. I seriously haven’t seen any this good in a long-time, but I don’t expect them to last that way forever.
The U.S. government, in their response to the COVID-19 pandemic, and in order to help provide financial relief for Americans, passed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), which became law on March 27th, 2020. This has made it considerably easier for people impacted by the pandemic to access their retirement savings.
I’d make a point to remember the people I knew who had a required minimum distribution (RMD) since they might be interested to learn about the Temporary Required Minimum Distribution Waiver. Under it, all RMD’s from eligible retirement accounts have been waived for 2020, and the 2021 RMD will be calculated based on the December 31st, 2020 notional value. Folks that have an inherited IRA’s that has an RMD are also waived for 2020. If someone is needing to liquidate during 2020, they can get an extension for 1 year.
If an individual has a systematic withdrawal set up the customer can call the company to see if the company will take the systematic withdrawal off for 2020. For the complete CARES Act go to the official website.
I’ve found a good amount of overlap in those with RMD’s and those interested in the secure solution to retirement income questions that annuities provide.
Don’t forget that June is ANNUITY Awareness month.
Watch the PXL event pages for all kinds of thing in June 2020.