Retirement

“It all begins with a phone call”

Simply put; retirement is the period when a person does not or can not work any longer. There are two types of retirees; (a) the person that ignores the future and relies on governmental or social plans alone or (b) the person that takes control over their future by planning ahead.

If you fit into group (a) you’re concerns and worries won’t come along until later – when it’s too late. If you’re in group (b) then you have come to grips with the fact that no one has a more vested interest in your future that you and retirement planning is an ongoing exercise.

Retirement planning involves setting aside enough money during your productive years to provide for yourself and your family during retirement. Easy enough to state but there are so many roads to choose from. Well, the longest journey begins with the first step. Just begin with “something” and you can add to, modify or change directions later.

The first step should be to start saving money. You can save through a qualified plan or a non-qualified plan. A qualified plan, like an IRA (Individual Retirement Account), means the Internal Revenue Service has recognized the plan as a retirement vehicle and the original investment along with the growth of the savings within the plan will not be taxed until a later date. Because of their tax exempt status these plans grow very rapidly and the liquidity is marginal. A non-qualified plan is created with after tax dollars and the interest gained on the savings is usually taxed as earned. A non-qualified plan grows much slower but the money saved has great liquidity.

Liquidity should never be a guiding standard when implementing a retirement plan. Instead, the guiding standard should reflect the operative word; “retirement”. You should seek plans that are qualified and grow rapidly over a period of time for withdrawal later in life.

The LaBorde Agency LLC provides access to a multitude of retirement products from a wide variety of sources. Plans like 401k, IRA, Roth IRA, etc. are each unique in their ability to assist an individual, family or company with their retirement planning. Because each situation or need requires its own remedy, the plans are best selected with the assistance of a qualified professional able to explain the features and limits of each product.

Please call upon us to answer your questions and assist you in making a choice that will suit both your needs and your ability to fund the plan. It all begins with a phone call. Make it now. 813-482-4458

Insurance and Annuity products listed within this website are not available to everyone. Certain restrictions may apply based upon age, current and past medical history, existing financial conditions and product availability.