Start Investing for the Future Today.
Fifty-six percent of Americans have less than $10,000 saved for retirement. And one in three have nothing saved at all.1 But with reduced debt and affordable life insurance, you can free up funds to start saving and investing for your future.1 “1 in 3 Americans Has Saved $0 for Retirement” Money, March 14, 2016
The Rule of 72 is a quick way to estimate the number of years required to double your invested funds at any given rate of return. It works by dividing the rate into 72. For example, money invested at a 3% rate of return, should double in 24 years. And money invested with a 7% rate should double in 10 years.
Both annuities and mutual funds are types of products that allow you to spread your savings across different investment mediums (i.e., stocks, bonds, etc.). The biggest difference between the two is that annuities are often considered a less-risky option—because there is a guarantee* on the money you invest.
There are two main types of annuities: variable and fixed—and we offer both. The rate of return for variable annuities is based on the performance of underlying investment sub-accounts that you choose based on your preferred level of risk and investment objectives. The rate of return for fixed annuities is based on a guarantee that gains will not drop below a certain percentage of the invested amount.
Like annuities, mutual funds pool money from individual and institutional investors, and then use that money to invest in a selection of investment mediums. There are no guarantees on mutual funds, so the value of your funds relies completely on the performance of the mediums.* All guarantees are subject to the claims-paying ability of the insurer.
Managed money accounts allow you to place your invested funds in the hands of a professional for a predetermined annual fee — rather than buying and selling the securities yourself. This professional will help you determine an actionable strategy and investment portfolio tailored to help you meet your goals.
There are two primary types of retirement accounts to consider: IRAs and 401Ks. Both are popular tax-advantaged investment options. A 401K is a plan sponsored by an employer that allows employees to invest a piece of their paycheck, pre-tax, and offers opportunities for employer-matched contributions. Taxes are paid when money is withdrawn from the account.**
Conversely, an Individual Retirement Account (IRA) is an individual account not sponsored by an employer, and offers more freedom for choosing investments since they are not limited to an employer’s plan. There are two different types of IRAs: Traditional and Roth. Contributions are made to a Traditional IRA with un-taxed money and is only taxed upon withdrawal. For Roth IRAs, contributions are made with previously-taxed money, but you’re not taxed when withdrawing funds.**** Early withdrawal penalties and excise taxes may apply. Please consult a tax professional for information specific to your financial situation.
Ameritas Investment Corp. (AIC) is Capital Choice's broker-dealer for mutual funds and investments. As a strategic partner, we work with AIC to develop custom and unique products and services for our clients.
We partner with industry leaders to offer our clients products and services that match their individual needs and goals.
Interested in learning more? Contact Capital Choice today.