Jennifer Lang
Financial Services
Specializing In Guaranteed Retirement Income
Working With a Financial Professional For Guidance Along Your Journey Is Only the First Step.
Whether you’re just starting to grow your nest egg or you've already started enjoying your retirement,
a financial professional can help you navigate your journey.
We are here to partner with you on the road to reaching your goals. When it comes to planning for your financial future, there is no better time than now. Make the most of your future by starting a no-market risk retirement planning conversation today.
Wealth Preservation
Diversify your retirement strategy with an annuity.
So, when do annuities make sense?
Annuities make sense for a person wanting to save and grow money for retirement safely. They offer tax advantages, the ability to earn an income for an entire lifetime, they can help pay for long-term care expenses, and you can leave an inheritance for your heirs and avoid probate in estate planning.
In addition, they help those needing public assistance to maintain some assets while participating in the state’s Medicaid program, and annuities will protect assets from stock market volatility.
As long as your 401k, 403b, IRA and TSP are in the market....they are at risk for loss.
You Insure Your Home and Auto, Don't Put Your Retirement at Risk. Protect Your Principal Today.
Get Started With a Free Quote.
When you think about it..... you’re taught how to make money.
But in retirement, you've got to know how to spend it wisely.
RMDs could push retirees into a higher federal marginal tax bracket.
Keep More of Your Money.
Now Is a Good Time To Protect Profit With
a Tax-Deferred Growth Strategy.
Tax-Deferred Solutions Such As Annuities, Are Safe From Market Loss,
With Protected Growth, Lifetime Income, a Death Benefit for Your Family and Liquidity.
At Jennifer Lang Financial Services, we work with over 25 A and A+ Rated Carriers to find you the best rate.
Let us put our expertise to work and find you the best annuity for your age, time horizon and goals.
Take control of your tax-bracket now.
Watch our "Thinking About Early Retirement?" campaign and learn more.
JenniferLangInsuranceDivision.com
Tel: 1(916) 458-4515
News
New Life Insurance Division Launched.
Now Serving All 50 States!
Jennifer Lang Financial Services, LLC. now has a new life insurance division with licensed agents standing by ready to help you with your life insurance needs.
Thinking About Retirement?
Here's Something To Really Think About.
Investing implies risk.
A volatile investment can make you rich .... or .... devour your savings.
Annuities are for savers.
Staggering annuity purchases over time can boost your guaranteed retirement income and lower risks.
Wouldn't it be nice to have an income that's protected from stock market volatility?
Especially if you're retiring in a Bear Market.
What You Get:
1. Tax-deferred growth. You will pay no income taxes on the earnings from your annuity growth until you begin making withdrawals or receiving periodic payments.
2. An annuity can help you save additional money for retirement once you've maxed out other tax-favored investments.
3. Annuities can help you catch up on retirement savings when you have less time to save.
4. Annuities offer potential for tax-deferred growth and an income stream for life.
5. Unlimited contributions.
6. Choice of saving options.
7. No mandatory withdrawals.
8. A Death benefit for your heirs.
We Take A Different Approach To Retirement Planning.
Creating Financial Freedom with Products That Offer Upside Market Potential with No Downside Market Risk.
Safe Money Retirement Experts!
Personal No-Market Risk Financial Planning
Failing to plan is planning to fail.
Building and preserving your personal wealth requires specialized attention. You get one-on-one guidance and a comprehensive financial plan that helps manage risk, improve performance, and ensure the growth and longevity of your wealth from a financial professional who puts your needs, goals and time horizon first.
Annuities are designed to hold the owner's funds for a certain time and then to convert those funds into a stream of income that can extend as long as the owner desires.
Retirees seeking guaranteed income, can use annuities for long-term asset accumulation and life long asset distribution.
At JenniferLangFinancialServices.com we work with you to to design the best annuity product to fit your goals.
Take advantage of our free consultation while we shop among 25 top A Rated life insurance carriers to find you the best rate and benefit. Sit back and let us do the shopping for you. Let our expertise help you save and grow more of your hard earned money.
JenniferLangFinancialServices.com is a Financial Services Company that specializes in Life Insurance, Annuities, 401K, 403(b), TSP Rollovers and Small Business Loan Services.
Our mission is to work to increase financial literacy across America, to provide safe financial planning knowledge, basic no-market risk strategies, and action steps, to help you reach your goals and pursue a future of financial independence.
Create a tax-free retirement plan for as little as $100/month.
Get started now.
Social Security
Spousal benefits can be complex, and decisions surrounding these benefits require careful thought and planning.
If you are 5 to 10 years away from retirement, it’s never too early to start the Social Security conversation with a financial professional, to gain the insight and information you need to make the most of your benefits and understand how they fit into your retirement strategy.
Here's a Good Question......
Do You Think Taxes Will Be Lower or Higher Over The Next 30 Years Of Your Retirement?
Most of us would agree that taxes will be higher. So does it make sense for us to defer hundreds of thousands, or millions of dollars of Required Minimum Distributions (RMDs) into a higher tax environment where we would have to pay a higher tax rate?
-Or-
Would it make more sense to fund a tax-free vehicle now, so that we could avoid some of that risk.
Diversifying your portfolio between tax-free, deferred-tax, and taxable accounts can pay off in the long run.
If you have maxed out your 401K/IRA, and you are looking for a 401K alternative, learn about tax-free solutions that can take the worry out of retirement with no-market risk strategies that offer upside potential and avoid exposing your nest egg to stock market risk.
Do You Have an IRA or 401(k)?
Tax planning is critical to early retirement.
What's your plan for getting the money out?
Would you be interested in seeing a plan to get your tax bill down on the distribution of that money?
If you are serious about planning for retirement, you have three major "Risks" that could destroy everything you have worked so hard to achieve:
Market Risk - If you remember the downturn of 2008 and 2020 you have already felt the impact of those losses.
Tax Risk - With our country's debt climbing to uncontrollable levels (28T), are you prepared to lose 50-60% of your retirement income to taxes?
Capital Risk - The risk of not having enough available capital, for contributions, in order to achieve your retirement goals.
Get The IRS Out Of Your Retirement. Click here.....
At retirement, our growth investment plans, become income investment plans.
If you've built up a large balance in 401(k)s, rollover IRAs and other tax-deferred accounts and have another source of income, such as a pension or even Social Security, RMDs can create a host of tax tribulations. Because the withdrawals are taxed as regular income, RMDs could push you into a higher tax bracket.
Understanding Risk Profiles
Let's compare. What's a better investment? ..... vs .....
What's a better way to protect a lump of cash that will last through retirement?
Americans are living longer....and that's a good thing.
However, living longer also means more money is needed to support an extended retirement.
Today, consumers must shoulder much of the responsibility for managing their own financial futures. They need self-directed options and self-directed ways to accumulate funds for their futures and to safely and efficiently distribute those funds during their retirement. For these purposes, the insurance industry offers a unique vehicle: the annuity.
Annuities Aren't Designed To Beat the Market. Annuities are for savers.
They Are Designed To Offer Steady Growth Without the Risk Of Losing Your Hard Earned Capital.
One of the most significant benefits annuities offer—is tax deferral. That is, the interest and growth on an annuity’s funds accumulate on a tax-deferred basis. As long as these values remain in the contract, they are not subject to tax. Only when earnings are withdrawn or distributed are they taxable. The annuity remains one of the few individual investments a consumer can make outside of a qualified plan that is given this favorable tax treatment.
Tax Deferral + Compounding = Enhanced Gain
Because fixed indexed annuities (FIAs) offer predictable income, Americans feel more comfortable when withdrawing funds from these retirement vehicles, as opposed to an IRA or 401(k). Choosing a FIA is an efficient way to plan for your future, as your interest earnings rate always remains somewhere between the interest rate floor and the cap. In turn, no matter what happens in the market, you can count on payments throughout your golden years.
Annuities help shift the risk of market volatility off your shoulders and onto the issuing insurance company.
What's the Best Time To Start Long-Term Care Planning?
Answer: When You're Young and In Good Health.
Advance Planning Relieves Burdens
Solutions:
Retirement is about expecting the unexpected, from health care concerns to living expenses. This is all the more reason to start preparing for it with a diverse retirement portfolio. Our strategies provide solutions for:
Principal protection during market downturns
Tax-deferred growth until a withdrawal is made
Diverse crediting strategies available
Income that cannot be outlived
Get started today with a retirement income strategy that prepares you and your family members for the many potential years in retirement and the long-term goals you want to achieve.
6 Paradigm Shifts:
What Benefit Would You Like To Plan For?
Now that you have grown your financial wealth,
it's time to protect it.
1. Will We Have Higher Taxes In The Future?
2. Will We Have Lower Benefits In The Future?
3. Will We Have Inflation?
4. Will We Have Increased Volatility?
5. What Will Happen If We Live Too Long? Or What If We Outlive Our Money?
6. What Will Happen If We or Our Aging Parents Suffers a Major Debilitating Health Event, Such As Cancer, Heart Attack, Stroke, Dementia or Alzheimer's Disease? What If We Can't Recover and Bounce Back As Fast As A Teenager?
We sell financial miracles.
Here are four of the financial miracles we sell:
(1) We sell the financial miracle of compound interest,
(2) We sell the financial miracle of tax deferral or tax-free compound interest.
(3) We sell the financial miracle of leveraging -- pennies that can buy dollars and one dollar that can do the work of many dollars.
(4) And we sell the financial miracle of sequence of returns risk - no need to wait for market recoveries. You're gains are locked in so you never lose a penney.
Are your financial puzzle pieces all together?
Let's put a plan in place that will protect what you have built up and created.
Take advantage of our Free Complimentary Consultation Today.
Retiring in a Post-Pandemic World
It’s the rare person who decides they want to get ahead of the changes of life,
but creating a plan before life hands us a crisis is our goal.
One in three 65-year-olds will live into their 90s, but few can afford it. Talk to us about a strategy that provides supplemental income to help fill in the financial gaps that come with a long life.
If you're in that sandwich generation and you have aging parents that you may have to take care of, you have your own retirement needs, plus you have growing or adult children.....not having a plan can create a huge burden upon family members and lead to a financial hardship. We know what it's like because we've been there. Good news is, we can help guide you through the process with a proactive plan.
Welcome To Jennifer Lang Financial Services
You have taken your first step toward financial independence by visiting us today. We are here to help those who seek a greater understanding of their financial situations and wish to find better opportunities for themselves, their families and their businesses.
Interested in alternative solutions? Worried about Retirement? Need to begin College Planning? Need a plan for Long Term Care costs not covered by Medicare? You’ve come to the right place!
Our goal is to help you find something to fit your budget and meet your needs. Take a moment to check out our services, video podcasts and webinars. Find out why families nationwide are looking to
Jennifer Lang Financial Services!
Are You Looking to Leave behind More than Memories?
Life Insurance Can Help!
Types of Life Insurance: Term, Permanent, Indexed Universal Life (IUL), Whole Life, Final Expense
Life insurance is a smart and simple way to help take care of your loved ones.
You get to choose your beneficiaries.
Pass the death benefit to whomever you want—your children, spouse, parents, a favorite charity, or any combination of these.
You have a choice of coverage options.
When it comes to buying life insurance, there are plenty of great choices—choose affordable term life coverage, or create an income-generating investment with permanent life insurance. With so many choices, I can make it easy to find the right policy to fit your needs.
If you are a Small Business Owner, your caught between a rock and a hard place. You want to keep operating costs low, but you also want to help your employees.
We can help you with: Indexed Universal Life Insurance, Key Man Insurance, Group Life Insurance/Retirement Plans, Disability and Long-Term Care Insurance.
Call Us Today at: 916-458-4515
Agents are available to help you in all 50 states.
Please Select Your Top Priority
Do You Need Help Choosing the Right Insurance?
We can shop over 30 top-rated insurance carriers instantly to help you find the plan that’s right for you. It helps to have a plan to achieve a more secure future.
Click the button below to get started.
Here are some helpful tips.
To make sure you are choosing the right insurance, just click "Yes" to compare rates for non-reportable tax-free income.
As a side note: 75% of applicants qualify for the average insurance standard rating. So you would hover over 2 hearts.
- Term and Return Of Premium have the cheapest rates for Mortgage Protection Insurance.
- IUL | Universal Life is best for College Planning, Long-term Care and Key Man Insurance.
Don't Be One of the 95 Million Americans without Life Insurance
Check out the 3 biggest
benefits of owning individual life insurance:
- It’s affordable. A 40-year-old can buy $250,000 of coverage for $18 per month or less.
- Life insurance at work can disappear. Many of the 13.1 million unemployed Americans had relied solely on life insurance at work.
- Shopping around takes seconds. Click "Get an Instant Quote" to browse life insurance quotes instantly.
Don’t hesitate! Get life insurance quotes right now to protect your loved ones.
Are You Prepared for Long-Term Care?
We specialize in Accumulation Focused Solutions!
According To A 2020 Retirement Income Literacy Survey Released by The American College of Financial Services.
Many don’t know how long their retirement assets will last.
Only three in 10 have a plan in place for how to fund long-term care needs, and only 8% consider it very likely that they will ever experience a long-term care need — even though the reality is that 70% will.
Only 32% know that $4,000 is the most they can afford to “safely” withdraw per year from a $100,000 retirement account, suggesting most do not know how to manage a prudent withdrawal rate.
Now that you know that Medicare only pays for 100 days of Long-term care costs, what steps will you take?
For the first 20 days, Medicare pays 100 percent of the cost. For days 21 through 100, you pay a $176 daily copayment, (as of November 2020), and Medicare pays any balance.
After those 100 days are up, how will you pay for it and where will the money come from?
The annual cost of nursing home care averages between $89,297 – $100,375.
A health event such as cancer, stroke, heart attack or Alzheimer's disease could wipe out your retirement nest egg.
Don't Go Broke In A Nursing Home.
Someone turning age 65 today has almost a 70% chance of needing some type of long-term care services. Think about the first 20 minutes of your day. What if you had to pay someone to help you with that? If you are approaching retirement, learn how annuities help cover long-term care and nursing home costs.
If you become too sick or hurt to work how will you:
Pay your regular expenses?
Maintain your lifestyle?
Contribute to your qualified retirement plan?
Will you still receive any employer match on your retirement contributions?
The average disability lasts 31.2 months.
1 in 4 of today's 20-year-olds will become disabled before they retire.
Women are more likely than men to need care
and become family caregivers.If parents don’t have a plan, then their family becomes their plan.
More than 55% of parents expect their children to care for them physically or financially as they age.
What if you are a self-employed business owner?
What happens to your business and employees?
A disabled worker continues to incur living expenses.
As a result, disability is often accompanied by a need for increased income.
We've got a strategy that will help you protect today and tomorrow. We offer solutions with chronic care protection and financial flexibility if you ever need care.
Client Example:
Female 40 year old client has $30,000 in savings essentially making nothing and uses it to buy a single premium Indexed Universal Life Insurance (IUL) policy for $50,000 to $70,000 based on age, sex and health. The policy will have approximately the same if not better return as the savings account. Now, she has a fully funded life insurance policy with access to the cash value, income tax free and with Living Benefits to cover potential Long-term care costs.
Can you afford long-term care? If you are in good health, let use help you design a strategy that builds tax-free income and covers your long-term care costs.
How can I take some pressure off my retirement portfolio?
Are you under the age of 59 1/2? The Retirement Red Zone is defined as the 10 years before and the 10 years after retirement. It's a critical period when you may have less time to recover from investment mistakes and poor investment performance.
For retirees that are transitioning from the accumulation phase to the distribution phase of retirement planning, it's important to protect that nest egg you have built up over the years.
Hypothetical friends Owen and Clara demonstrate how two potential strategies for retirement income compare in the face of market losses, longevity, inflation, and low rates. Whose strategy is more efficient for reducing the pressure on their portfolio to help meet their financial objectives? Watch the video to find out.
How would Clara's annuity account look if we applied interest credit?
Many indexed annuities credit interest annually based upon the performance of an index, limited to an annual cap rate.
In a year that the index rises more than the cap rate, the interest credit is the cap rate.
In a year that the index rises less than the cap rate, the entire increase is credited.
In a year that the index declines, the annuity's value is protected from the decline, and there is there no interest credit.
To show how this works, here's an example using the actual changes in the S&P 500 ™ during the calendar years 2006 - 2016.
The calculation is based on a premium of $225,000 and cap rate of 4.5%. This calculation does not reflect any particular indexed annuity product, thus it does not reflect or guarantee future performance of any product. Keep in mind that on most indexed annuities, the carrier can change the cap rate from year to year. So this is a conservative calculation.
What's most important to see is that during a negative year (2008) the account did not lose any value. (Hypothetical illustration only - Individual results may vary.)
(Click To Expand)
Rolling over a portion of your 401K now, is a tax-efficient income strategy that can add tens of thousands of dollars to a retiree's estate value and may add up to 6 additional years of portfolio longevity.
Rolling over to a Fixed Index Annuity (FIA) is a non-taxable transaction that protects you from two major retirement dangers: market risk and longevity risk. They provide a safe haven from stock market downturns by contractually guaranteeing principal and annual gains against loss with the potential for index credited growth.
Basically, buying an annuity means making a commitment to set aside funds now and allowing the funds to grow for a set period of time, typically 5 - 10 years. Afterward, you can elect to annuitize (start receiving checks) or allow the money to continue to grow tax-deferred.
Prepare For Biden's Tax Plan
Changes suggested in the Biden tax plan:
- Additional taxation to pay for Social Security
- Increasing the top tax rates
- Extending the estate tax
- Eliminating the step-up in basis at death provision
Now is the time to take advantage of historically low tax rates before these changes are implemented. Converting funds from a traditional retirement account into a safe no-market risk, tax-deferred account, can be a tremendous tax-saving technique for pre-retirees currently in a low tax bracket.
How To Control Your
Tax Bracket and Keep More of the Money You Make.
Indexed Universal Life Insurance and Deferred Annuities Allow You the Opportunity To Control Your Tax Bracket In Retirement and Leave More To Your Beneficiaries.
The SECURE Act single-handedly upended many long-standing retirement rules when it became effective on January 1, 2020. Only three months later, a second and equally enormous piece of legislation was passed—the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Passage of the SECURE Act means life insurance may offer new tax benefits for many individuals.
Life insurance has long been an important estate planning tool that could lessen the estate tax burden on individuals and their beneficiaries. With the passage of the SECURE Act, life insurance becomes an even more important planning resource to consider. That’s because one of the key components of the recently passed SECURE Act is the change in how IRA — both traditional and Roth — and qualified plan distributions must be handled when inherited by nonspousal beneficiaries.
These distributions have always been subject to income taxes, and that hasn’t changed with the SECURE Act. What has changed is the required timing of those distributions by nonspousal beneficiaries and the higher income taxes likely to result.
Prior to the SECURE Act, nonspousal beneficiaries were permitted to minimize distributions — and therefore minimize taxable income and income taxes. This was accomplished by distributing the assets over the full life expectancy of each beneficiary. In some cases that would mean distributing the assets over many decades.
Now, although with some exceptions, the SECURE Act will require nonspousal beneficiaries of qualified plan and IRA assets to distribute balances within 10 years of the owner’s death.
Since the distributions will occur over a much shorter period, the probability is high that they’ll be taxed at higher marginal rates, resulting in materially smaller after-tax amounts received by beneficiaries.
Life insurance moves to the top of the list as an estate and tax planning vehicle for the largest IRAs.
Life insurance is income-tax-free and also can be estate-tax-free, so individuals would be wise to consider using it as a planning vehicle. In other words, life insurance may help counter the higher taxes associated with the SECURE Act’s new distribution rules and allow beneficiaries to optimize after-tax amounts.
How will history remember 2020? That is yet to be written and out of our control. How will you remember it and the actions you took during these trying times? We can help you preserve your hard earned dollars so that they work for you and lower your tax bracket.
Retirement News - QLACs Then
Qualified Longevity Annuity Contracts
In July 2014, the IRS and Treasury Department issued new rules that permit IRAs, 401(k) accounts, and 403(b) accounts to purchase and hold “qualified longevity annuity contracts” (QLACs) within the account and gain certain benefits. A QLAC is a qualified version of a deferred income annuity. An IRA owner (or 401(k) or 403(b) participant) can use a certain amount of his or her qualified funds to purchase a QLAC and derive two benefits:
The amount that is used to purchase the QLAC is excluded from the account balance used to determine required distributions. This lowers the account balance on which required distributions are calculated and thus lowers the amount the owner is required to take every year. The lower the distributed amount, the less income tax that must be paid.
Because it is a deferred income annuity, the QLAC will provide a lifelong income stream, guaranteed payable for the duration of the owner’s life. These income payments begin after the owner’s age 70½—at whatever point the owner wishes—ensuring that he or she can count on receiving income for the remainder of his or her life regardless of how long that life may be.
For IRA, 401(k), and 403(b) participants, the QLAC rules make available more retirement income options, adding lifetime income to lump-sum distributions and discretionary withdrawals.
Retirement News Today
If you are worried about taxes increasing, here's what you can do now....... Since you have no influence over the tides or the stock market, now you can shape your retirement future with guaranteed income. The SECURE Act offers retirees a way to secure retirement income later in life.
Protect your retirement nest egg from potential market downturns and risk with an in-service strategy. Turn some of your traditional IRA or 401(k) into lifetime income.
As of April 22, 2020, Social Security benefits will be reduced by 22%, according to the summary of Annual Social Security and Medicare Report.
A tax-efficient income strategy can add tens of thousands of dollars to a retiree's estate value and may add up to 6 additional years of portfolio longevity.
According to the Treasury Department, longevity annuities “can provide a cost-effective solution for retirees willing to use part of their savings to protect against outliving the rest of their assets, and can also help them avoid overcompensating by unnecessarily limiting their spending in retirement.”
There is a limit on how much of your retirement plan savings can go to a QLAC. An investor can spend the lesser of 25 percent of his or her retirement savings or $135,000.
A husband and wife could potentially allocate a total of $270,000 to QLACs if both had sufficient retirement accounts to justify.
What is a QLAC?
A QLAC is a Deferred Indexed Annuity that can be funded only with assets from a traditional IRA or an eligible employer-sponsored qualified plan such as a 401(k), 403(b), or governmental 457(b). At the time of purchase, you can select an income start date up to age 85, and the amount you invest in a QLAC is removed from future RMD calculations, reducing RMD taxes.
The creation of the QLAC has opened up the opportunity to defer income past age 72, the RMD start age, using tax-deferred savings like an IRA or 401(k).
QLACs address one of the biggest concerns among individuals in retirement: making sure they don't outlive their savings. After all, more than 30% of American workers aren't confident they'll have enough money to maintain their standard of living through retirement, according to the 2019 Retirement Confidence Survey conducted by the Employee Benefit Research Institute.
A QLAC delivers a guaranteed stream of lifetime income beginning on a date you select. For instance, you may purchase a QLAC at age 65 and have your payouts begin at age 75. Typically, the longer the deferral period, the higher your payout will be when you're ready to start receiving income payments.
You need to be able to count on your money being there even if there is another financial crisis. A sound distribution sequencing strategy must account for ways to minimize taxes.
Our no-market risk strategies not only allow you to protect your retirement nest egg, but give you options with products that can:
Preserve your savings with indexed growth potential.
Predictable liquidity and access for unexpected health care costs to pay for Home Health Care, Nursing Home Care and Terminal Illness Benefits.
Exclusive indices with interest crediting multipliers for increased death benefits.
Some with No Fee components available
In many ways, retirement planning today demands a higher level of attention than ever before. Workers can no longer assume that company pensions will be waiting for them once they turn 65. In fact, it is more likely that they will be responsible for securing their own financial security once they retire. And, as unease grows over the future of Social Security, most American workers must actively plan for their own retirements.
This requires making savings and investment decisions that are increasingly diverse and complex. It also requires that individuals create a comprehensive strategy for distributing assets in a way that minimizes taxes and ensures funds accumulate as long as possible on a tax-deferred basis. One additional factor—notably, longer life expectancies—also highlights the need to develop an effective asset distribution strategy that supports a longer retirement.
Take action now.
Would It Be A Great Benefit To Never Lose Money Ever Again?
We can help you get started today.
Client Example:
A healthy 50 year old client has $200,000 in a CD currently making 0.20% ($400 per year). He takes $100,000 and buys a fixed income annuity, for guaranteed lifetime income plus long-term care/nursing home benefits. He then takes the other $100,000 and buys a $200,000 face amount indexed life insurance (IUL) policy. If the client only gets to make one payment, the life insurance company still pays $200,000 to the family, income tax free. If the client lives for 30 years, and the life insurance policy grows untouched for 30 years, and let’s say the face amount grows to $380,000. The client committed $200,000 and received over $480,000 back essentially income tax free from the life insurance policy and the annuity. In today's zero-interest rate environment that is a well paced rate of return.
Keep in mind that life insurance doesn’t have to go through probate if you name a beneficiary. Life insurance is not only incontestable, it is also private. Allowing you to still be in control from the grave. It offers creditor and predator protection and has Medicaid versatility. You can convert the lump sum cash value into an income stream, so your estate doesn’t have to be spent down to qualify for Medicare.
Can you name anything else in the world that can do this?
42% of Women Fear They'll Run Out of Money by Age 80.
Linda Billings | Real Life Story
Running out of money in retirement is a major concern among men and women alike. But because females tend to outlive their male counterparts, their chances of meeting this unwanted fate are even greater. In fact, 42% of women think they're at risk of depleting their nest eggs by the time they turn 80, according to a new study by Merrill Lynch and Age Wave.
Thanks to the strategies she’s put in place for her retirement and with the help of her insurance professional, Linda doesn’t have to work. As part of the planning they did, Linda purchased several annuities, which now cover 100% of her current and anticipated monthly expenses.
Retirement is wonderful if you have two essentials: Much to live on, and much to live for. WILL YOUR RETIREMENT INCOME LAST?
We can help take the guess work out of having money into your 80s, 90s and 100s ..... Contact us now.
At JenniferLangFinancialServices.com we specialize in no-market risk strategies.
We only work with the top 20 annuity carriers and we do the hard work for you. We shop around not only for the best rate, but we have exclusive No Fee annuities that offer liquidity, the Highest Indexed Growth Potential, Enhanced Death Benefit Doublers along with Long-Term Care/Nursing Home Benefits. None of which the stock market can offer.
Take advantage of our Free Complimentary Consultation Click here to Get started today
Mitigating the Tax Torpedo
The decision of when to take Social Security versus retirement plan benefits might change significantly if taxes are considered. A result known as the “tax torpedo” may occur, which refers to a high marginal tax rate that is potentially triggered when retirees take Social Security payments in the same year they receive income from IRAs and other taxable sources. The term “tax torpedo” alludes to the apparent unfairness of such a high tax being imposed on retirees with moderate incomes who are dependent on Social Security benefits for much of their retirement income.
The Social Security taxation formula can cause a taxpayer’s marginal income tax rate to exceed the top rate applicable to the highest income earners. Two conditions create the tax torpedo:
Income thresholds applicable to tax on Social Security benefits have not been indexed to inflation or changed since the initial laws authorizing income tax on Social Security payments over 20 years ago were enacted. Inflation has reduced these formerly high income levels to moderate income levels, thereby exposing many middle income retirees to a high marginal tax rate.
Combining taxable IRA and retirement plan income with Social Security income in the same year triggers the torpedo, causing retirees’ effective tax rates to soar.
State income taxes can also amplify the tax torpedo effect. However, the effect can be reduced or avoided by taking IRA or other retirement plan distributions first and claiming Social Security retirement benefits later. This tactic gives the Social Security benefit time to “mature,” resulting in a higher benefit later and ultimately reducing the amount of taxable income that a person will need to withdraw from IRAs and other taxable accounts during their retirement years.
Taking smaller IRA and other plan withdrawals will result in a lower adjusted gross income, which may increase the possibility that Social Security benefits will remain tax free.
Things To Remember:
IRA withdrawals can create capital gains tax
IRA withdrawals can create taxable Social Security benefits
IRA tax complications for the surviving spouse
IRA tax complications for next generation beneficiaries
Bottom Line:
The More You Have In Your 401(K) Or IRA, The More You'll Lose To Taxes.
AND The More Money You Receive From Your 401(K) or IRA,
The More Of Your Social Security You'll Lose To Taxes.
Many clients, may be concerned about being pushed into a higher tax bracket during retirement and having to pay Medicare premium surcharges and taxes on Social Security benefits. As a result, they may seek a distribution strategy that uses up some tax-deferred assets first before turning age 65 in order to minimize their income. Or, they may choose to withdraw funds from tax-free accounts first in order to avoid being moved into the next tax bracket.
Consider the following example.
Married?
Know your Social Security benefits and options
Consider investing for income.
After maximizing your lifetime Social Security benefits, consider income products that bridge the gap between Social Security checks and the monthly income may need.
We can help you quickly identify sub-optimal tax situations and show you how to make retirement decisions in the most tax-efficient way. We'll calculate and identify dangerous points where just one additional dollar of income can push you into much higher marginal tax rates.
What We Do:
Create multiple scenarios and compare different withdrawal strategies.
Calculate the impact of paying both the employee and the employer's share of Social Security and Medicare taxes for self-employed clients.
Demonstrate the impact of the deduction for pass-through income and the phase-out of the deduction under the 2017 Tax Cuts and Jobs Act.
Demonstrate the impact the Saver's Credit can have on a client’s retirement plan and more.
Testimonials
Jennifer is amazing! You know from the first sentence that you are going to get top-quality information. She promptly found the perfect insurance policy for me. And she is a lovely person -- totally professional and a joy to talk to!
Anthony Colantuono
Maryland
Jennifer is in a class of her own when it comes to guaranteed income retirement planning. I couldn’t believe the amount of value packed into her webinars and videos.
Working with her to develop a plan for my retirement has not only given me peace of mind, but I feel more empowered and knowledgeable after attending her webinars.
Keep up the good work!
Emma Roberts
Texas
Hi Jennifer, I don't know if I'm your youngest client or not, but as a young investor, I learned so much from your webinar, 'Hey Millennials Think Your 401k Beats an IUL'. Now I've got my tax-deferred bucket and the tax-free bucket you helped me with.
I like how you make things plain and simple. I'm sharing your videos with my friends and my mom! Nobody told me this stuff. Thanks .
Payton Hillman
Michigan
I have been looking for business owner retirement planning solutions and I stumbled upon Jennifer's webinar training. I am so glad I did. I never would have thought of this strategy.
She showed me different life insurance policies that I could use as a small business owner to free up capital and fund my business retirement income.
Thanks for your help, Jennifer!
George Mason
Utah
Retirement Plan Design for Small Business Owners
Every business owner needs a plan for retirement.
Employers can get up to $16,500 in tax credit to set up an employee retirement plan,
under The SECURE Act.
Not having a retirement plan could be costing you money.
We have multiple ways to help businesses with 1 - 100 employees.
* Plan Design Team and Fiduciary Services
* Advisory Services through Morning Star
* 401K, Safe Harbor 401K, Defined Benefit Plans, 412(e)3 and more....
(Not Available in New York and Connecticut)
Fund Your Retirement In 5 Years
You're Putting Money Into Your Business, But Have You Started Protecting Your Retirement Future?
Now it's time for a retirement plan that works as hard as you do.
Hear from: Rick Veit - Attorney
Premium Financing shows you how leveraged life insurance can be brought down to the masses.
Our Premium Financing Plans have received an overwhelmingly positive reception from a broad range of senior level executives including CEOs, Vice Presidents, CPAs, lawyers, bankers, and brokers. It has been especially rewarding to witness the enthusiastic response from individuals who really understand the unique value delivered with these leveraged policies.
The financial educational tools on our website are guides for you to find the essential resources you can use toward your path to financial security and wealth accumulation. This is a wonderful opportunity to get to know who we are as a company and how we can make your financial dreams come true!
Take advantage of a Free Life Insurance Quote today and let us show you how we can help you too.
Our Life Insurance Team offers our clientele solutions for :
Contact Us
Have a particular challenge you’re trying to deal with? Contact us today and see what we can do for you.
~ Currently Not Accepting New Clients ~
Office Tel#: 1(877) 487-8926
Office Address (By Appointment Only)
440 Louisiana St.
Suite 900
Houston TX United States 77002
Texas Office Mailing Address:
Jennifer Lang Financial Services, LLC.
3139 W Holcombe Blvd, Suite 2031
Houston, TX 77025
Georgia Office Mailing Address:
Jennifer Lang Financial Services, LLC.
1700 Northside Drive
Suite A7 PMB 1019
Atlanta, GA 30318
Call :1(855) 838-3382 to reach our
Business Tax and Accounting Services Department.
401(k), 403(b), 457, and other qualified retirement plans are tax-advantaged plans established by the IRS to help Americans save for their retirement years. Many organizations that offer these plans provide their employees with self-service options to access the savings and investment components within these plans. Working with a professional to review your options, as well as the impact of those selections on your savings and retirement income potential, can prove to be invaluable advice for the future.
Our Insurance Partners
