MONARCH MONTHLY
June 2023 Edition
BE AWARE!!
Today’s headlines to help plan for tomorrow.
Sue’s News
Happy National Annuity Awareness Month!
Annuities can play a huge role in your financial management. Looking for guaranteed income for the rest of your life? Looking for a safe investment that would pay you over 10% over the next 10 years? Looking for a short-term, guaranteed return of 5%?
Annuities can do all of that for you, and more.
So, what IS an annuity? The answers are below, as well as a description of a few better-known (and more used) annuities. I’ve also included what my best annuities are paying these days – it’s pretty inpressive!
The benefit of being independent is that I can look at a whole bunch of insurers, and find the best annuities available for you.
Knowing your options, including annuities, is key to a successful financial plan.
“Knowledge opens the door to opportunity, achievement, success, and wealth” – Dr T.P.Chia
Be informed, and be well!
💵 SPIAS: LIFETIME INCOME 💵
Worried that Social Security won’t be enough to cover your monthly expenses? A SPIA, or Single Premium Immediate Annuity, takes a lump sum of money and converts it to lifetime payments, supplementing Social Security and giving you guaranteed income through retirement.
The best SPIA I’ve seen will provide a 65-year-old with over $6,200 per month for a $1M lump sum. That’s OVER $74,000 per year, guaranteed for their lifetime!
If you’re worried about monthly expenses in retirement, or outliving your savings, this is a great option!
🔦 MYGAS: GUARANTEED RETURNS🔦
A MYGA guarantees a particular investment for a certain number of years. You deposit your money, and in a few years, your balance has grown by the promised returns. Sounds easy, right? They are!
Current 3-year MYGAs are offering 5%, and 5-year MYGAs are at 5.25%. If you’re looking for guarantees, and you don’t need your funds over the next few years, these are a great option for you!
📈 FIXED INDEXED ANNUITIES: PROTECTING YOUR PRINCIPAL 📈
A fixed indexed annuity ties their returns to a particular market index, crediting either annually or every 2 years. Maybe it’s the S&P500, maybe it’s a custom index – if the index goes up, your balance goes up. If the index goes down, you’re credited 0% – your principal is guaranteed.
There’s a 10-year FIA that’s caught my eye with some amazing accumulation history. In its best 10 years, it’s returned over 14%. But what I love is that in its worst 10 years, the annuity still averaged over 10% per year.
If you have long-term retirement funds and are looking for safety + returns, this is a great option.
🎤 Recent Releases 👩🏼🎤
Subscribe to our podcast and YouTube channel for future updates!
📖 BOOK: THE POPPY PRINCIPLES📖
“The Poppy Principles” is the 2022 Feel-Good Book of the Year and a perfect read for all ages, sharing stories and insights to help you live your life to leave a valuable legacy.
Podcast: Retirement A to Z
Breaking down retirement plans into bite-size pieces
YouTube: Monarch Minutes
Discussing retirement, investment, insurance, and more!
Blog: Sue’s News
Discussion of the latest news, tips, and trends in financial planning.
🏃♀️ RUN/WALK FOR A REASON 🏃♀️
CRAFT 🍺, COMMUNITY 🤝, CAUSE 🤗
THANK YOU!!
Chris Owens of RE/MAX Preferred Group and I hosted our first 2023 Run/Walk for a Reason event earlier this month to benefit the Loveland Hope Squad, the 988 Initiative, and the Ben Morrison Memorial Fund.
Thanks to everyone that attended!! I unfortunately couldn’t make it, but I heard it was a wonderful event, with a lot of support for mental health awareness!!
We’re going to continue to get up, get out, get together, and get moving for a great cause in November, where we will once again be providing our support to the Loveland LIFE Food Pantry and their Holiday Giving Shop!
Who knows, we may also decide to do one in September! If we do, we’ll announce it on Facebook – click the link below to Like/Follow us, so you can stay up to date on future events.
See you on the path!
🦋 CORPORATE SPONSOR 🦋
LOVELAND LIFE FOOD PANTRY
We are so proud to be a corporate sponsor of the Loveland InterFaith Effort (LIFE) Food Pantry!
After organizing multiple benefits for the Food Pantry through our Run/Walk for a Reason events, and seeing the powerful impact this organization has on our local community, we felt we needed to step up and and become aone of their Corporate Partners.
LIFE Food Pantry is a faith and community supported organization that provides food, financial assistance and programs to those experiencing hardship. It’s supported by area churches, schools, businesses, and numerous neighborhoods throughout the Loveland area, and is a critical resource to our neighbors in need.
Looking to volunteer, or donate? Check out their website through the link below – there are multiple ways to help out this incredible organization!
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