The Only Way to Earn TWO Checks for the Rest of Your Life, Guaranteed
Most of us expect to receive a social security check for the
rest of our lives, but why not receive your social security check andanother check guaranteed, for the rest of your life?The only way to receive this second check is
via a guaranteed lifetime income payment using an annuity.
Most annuity carriers offer a rider that enables you to
receive a guaranteed lifetime income payment, and this payment is based on the
funds that you have accumulated over time.The accumulated funds grow at a guaranteed
annual growth rate and depending on the age that you decide to begin receiving
payments, you receive a set percentage of the accumulation funds for the rest
of your life.Most carriers also offer a
joint life option that enables a surviving spouse to continue receiving the
lifetime income payments after one of the spouses passes away.
In addition to offering the only guaranteed lifetime income
payment option, annuities also offer significant tax benefits.When the lifetime income payments begin, a
tax exclusion ratio is applied to the payments which means only 5-25% of the
payout is subject to taxes.This is
significant because social security recipients need to shelter as much income as
possible to retain more of their social security benefits.
Call me to set up an annuity with a guaranteed lifetime
income payment that will supplement your social security payment and provide
you with two checks for the rest of your life.It’s your money . . . until you give it away.
Did you know?
Social Security Fact: if you are divorced,
both you and your ex can collect spousal benefits (on each others work
histories) after full retirement age while still postponing taking your own
retirement benefits until age 70, when they are as high as can be.
If you are approaching retirement, already retired, or considering an early retirement and would like to learn more social security maximization strategies, you are cordially invited to the Social Security Maximization Lunch and Learn on Saturday, June 22, 2013 from 11:30 am to 1:30 pm at Macaroni Grill in Cedar Hill, TX. Call to reserve your seat today because seating is limited.
Ray Hodges Financial Group is proud to announce that it has entered into a joint venture agreement with Jerome Patten of National Credit Educational Services (NCES) www.ncesnow.org. NCES is a nationally recognized company that provides credit restoration, credit counseling, credit education, and debt management services. Jerome can be reached at 503-351-2923, email@example.com, www.emgtoday.com/jpatten.
Jerome shared with me how his credit restoration services are changing lives in the credit industry. One of his clients saw her credit score increase from 610 to 695 in 30 days. Today her credit score is 717. Using his services, Jerome also raised her husband's score from 509 to 712.
Call Jerome today to start improving your credit score and changing your life. It's your money . . . until you give it away.
Abstract Management Group (AMG) www.abstractmg.com a business consulting firm that provides financial management, strategic planning, and marketing services for small businesses. If you need a firm that specializes in assisting small businesses, AMG is your goto firm.
Women Called Moses (WCM), www.womencalledmoses.org a non-profit organization created to provide a secure shelter for battered women and their children . Make your charitable contributions count by giving to this worthy and necessary organization.
Business Shout Out!
The following businesses are now members of my Business
Advisory Council.All members have
proven to be reputable, fair, and committed to delighting their customers.Please join me in congratulating them!
Chef Carlos on the Square, AWESOME restaurant in Lancaster,
10 Minute Oil Change, HONEST car repair in Duncanville,
Buddy’s Sporting Goods, goto place for uniforms, sports
equipment, etc, in Duncanville, TX, 972-780-8149
Dry Clean USA, the dry cleaners that keeps me so fresh and so
clean, clean, Cedar Hill, TX, 972-291-9917
Want to Get Away?
From now until the end of 2013, Ray Hodges Financial Group
will reward the following gift to anyone who refers FIVE individuals or businesses who become clients:
Never been to the Caribbean
but have always wanted to go?Refer your
friends, relatives, associates, and business associates and have a Piña Colada
or Rum Punch (my preference) on RHFG!
How to Move Your 401(k)/IRA and Avoid the 10% Penalty
If you have ever
received a distribution from your 401(k), 403(b), IRA, you not only paid taxes
on that distribution, you also paid a 10% penalty for withdrawing “your” money
if you were not 59 ½ or older.If you
want more control of your retirement funds and want to move your 401(k)/IRA
without incurring the 10% penalty, the IRS allows a 72t distribution via Internal Revenue Code Section 72(t)(2)(A)(iv)
– known as Series of Substantially Equal Periodic Payments – SOSEPP.Once you start a 72t distribution/SOSEPP, you
must take an annual distribution
from your 401(k)/IRA for the longer of five years or until you reach age 59 ½
There are three methods you
can use to determine the amount of the distribution from your 401(k)/IRA, and
all three are based upon the balance of the 401(k)/IRA account and your age.Method one is the Required Minimum
Distribution method which is based upon your account balance at the end of the
previous year, divided by the life expectancy factor from a life expectancy
table.Method two is the Fixed
Amortization Method which involves using your 401(k)/IRA balance to create an
amortization schedule over a specified number of years. The number of years for
your calculation is equal to your life expectancy factor from a life expectancy
table.Method three is the Fixed
Annuitization Method, and it involves the use of your 401(k)/IRA balance and
annuity factor set by the IRS.
You might want to
transfer your balance from your 401(k)/IRA for several reasons namely 1) you
want full control and use of your retirement funds 2) you anticipate federal
income tax rates will increase to pay down the deficit, and you want to avoid
the higher taxes 3) you are approaching retirement and no longer want to expose
your retirement savings to potential significant losses in the stock market.
If you need to execute a
72t distribution to a safer, more tax favorable vehicle, call me to set an appointment.It’s your money . . . until you give it away.
Did I mention . . .
If you own commercial property, and you're upside down on the mortgage, a member of my Business Advisory Council can help you refinance and
have equity in your property again.
If you own a residential property that appraises for over $420,000, and you're upside down on your mortgage, you too could refinance and have equity in your property again. Call or email me to find out how.
·Looking for a featured speaker for your group,
association, organization, small business, etc? I regularly present "the
10 Principles of Money Mastery" and "Social Security Maximization" to organizations just like yours. Call or
email to make me your featured speaker!