Your Guide To Retirement Income Planning

Josh MellbergRetirement income planning is complicated, but is essential to help ensure you have enough retirement income after departing from your job. Whether you want to travel or live in a warm climate, here's a quick guide to help you develop a strategy to fund your retirement:

Decide When You'll Retire
Not long ago, the typical retirement age was 65, though some people retired sooner or later than that. Nowadays, people are living and working longer and, as such, the retirement age has risen. According to the Social Security Administration, the "normal retirement age" is now 67 for people who were born after 1959.

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Of course, this doesn't mean that you have to retire the day you turn 67, but figuring out when you want to retire is essential to creating a retirement income strategy. This makes sense since you will need to estimate how many years your money will maintain your lifestyle. However, it's not a good idea to plan to work up until the day you die, as there are many factors that could make you leave the workforce sooner than you'd hope, including medical reasons.

Estimate Your Life Expectancy
While it may seem like a morbid subject, estimating how long you will live can help you better plan for funding your retirement. One common concern among seniors is that they will run short of money. Having a more accurate estimate can help counter this concern. According to the Worldbank.org, Americans live to an average of just older than 78,1 though other estimates may imply you will live longer. To get a more accurate estimate, you can utilize online calculators that will take into account your personal information. In general, it's better to overestimate rather than underestimate.

Determine Your Retirement Income Needs
When you leave the workforce, you will still need to pay your monthly expenses. Though they may be smaller or larger during retirement, you should determine your needs. These will typically include:

  • Food and clothing
  • Housing
  • Travel
  • Health care costs
  • Taxes
  • Insurance

While these are just some of the basic expenses you will have, you need to ensure that your retirement income can cover these costs.

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Identify Sources Of Retirement Income
After determining many aspects of your retirement, you should identify where your retirement income will come from. In general, it is a good idea to have a few different sources of income, including pension or employer retirement plans, savings and Social Security income. Combined, your different types of income can make retirement more financially successful. You should also consider purchasing an annuity to help provide you with payments for the rest of your life with a guaranteed* return.

Call today and we’ll put you in touch with a J.D. Mellberg Financial, Licensed Professional in your area to help you find the best retirement income strategy for your needs. Be confident you will not outlive your money with lifetime income** from the right annuity* option.

Give call us today at 1-877-805-0151


1 Life Expectancy at Birth, Total (years), Worldbank.org, Last accessed March 8, 2019, https://data.worldbank.org/indicator/SP.DYN.LE00.IN?locations=US

*Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurance company and are not guaranteed by any bank or the FDIC.

**Some annuities may have a lifetime income guarantee as part of the base policy; others may have riders available that provide this benefit. Riders may also be available for benefits like an annual increase to help combat inflation or for as much as doubling your income in case of a qualifying health event. These annuities are not long-term care and are not substitute for such coverage. Optional riders may be available with a charge.

By responding to this offer you may be put in touch with a licensed insurance agent regarding retirement income strategies using fixed insurance products. J.D. Mellberg Financial is insurance licensed in all 50 states (AR8771938/CA0K73712/TX1908101) and all producers of J.D. Mellberg Financial have the appropriate licenses for the products they offer.

This article is meant to provide general information on issues that many people consider in making the decision as to whether or not they should buy annuities; and if they do decide to buy, which types of annuities and which annuity benefits and additional riders will best suit their goals and needs. This information is not designed to be a recommendation to buy any specific financial product or service.

JDM046119

marlene
April 26, 2019 @ 5:00 am

Three Tips For A Successful Retirement

Josh MellbergWhen it comes to planning your retirement, there are many things to consider. From where you will live to how you will spend your free time, you need to figure out your path to retirement after leaving the workforce. Throughout your life, you might have heard different advice regarding how much you will need to save in order to have a successful retirement.

However, the old standby of needing $1 million just doesn't apply to everyone and there are other ways to determine how much you will need. Over the years, retirement costs and lifestyles have changed, which means there may be some things you don't know about retirement. Here are a few retirement income planning tips you should be aware of:

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1. Plan To Live Longer
Your parents might have planned their retirement income up to a certain number of years they expected to live. However, this isn't your parents' retirement age anymore. People are living longer, which means you may need to plan for an additional 15 years or more during your golden years. According to the Social Security Administration, a man turning 65 today will live to be 84.3 on average, and a woman can expect to live to 86.71.

2. Social Security Isn't Enough
After years of paying into the Social Security system, you can start receiving benefits at 62 years old, or you can choose to defer these payments until later in life. Many seniors depend on Social Security benefits to help pay for their retirement, but the truth is that these benefits probably are not enough to live on alone. Instead, Social Security benefits should be considered supplemental income in addition to savings and other income vehicles.

3. It's Never Too Late To Prepare Your Finances
While you're better off starting a retirement income strategy when you're young, it's never too late to build up a nest egg and help make your finances work for you. Upon approaching retirement age – be that 55, 65 or older – you should look into other retirement income strategies, such as an annuity. There are many different ways seniors attempt to diversify, but some options involve a high level of risk that can be damaging to retirement strategies. Compared to investing in the stock market, you can receive guaranteed* income with an annuity, allowing you to have payments for the rest of your life**.

Call today and we’ll put you in touch with a J.D. Mellberg Financial, Licensed Professional in your area to help you on the path to a successful retirement. 

<<SPECIAL: This FREE Book is Helping Baby Boomers Get Bigger Social Security Checks!!!…CLICK HERE>>

Give call us today at 1-877-805-0151


1 Social Security Life Expectancy, https://www.ssa.gov/planners/lifeexpectancy.html , Last accessed March 8, 2019.

*Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurance company and are not guaranteed by any bank or the FDIC.

**Some annuities may have a lifetime income guarantee as part of the base policy; others may have riders available that provide this benefit. Riders may also be available for benefits like an annual increase to help combat inflation or for as much as doubling your income in case of a qualifying health event. These annuities are not long-term care and are not substitute for such coverage. Optional riders may be available with a charge.

Joshua Mellberg and J.D. Mellberg Financial are not associated with, nor endorsed by, any government agency, including Medicare.

 

This article is meant to provide general information on issues that many people consider in making the decision as to whether or not they should buy annuities; and if they do decide to buy, which types of annuities and which annuity benefits and additional riders will best suit their goals and needs. This information is not designed to be a recommendation to buy any specific financial product or service

By responding to this offer you may be put in touch with a licensed insurance agent regarding retirement income strategies using fixed insurance products. J.D. Mellberg Financial is insurance licensed in all 50 states (AR8771938/CA0K73712/TX1908101) and all producers of J.D. Mellberg Financial have the appropriate licenses for the products they offer.

JDM046019

marlene
@ 5:00 am

When To Start Taking Social Security Benefits

Josh MellbergOne of the biggest decisions you will make in retirement is when to begin receiving your Social Security benefits. These payments last throughout your entire life, and the amount you receive depends on several factors, including when you start taking them. The longer you wait for your first payment, the larger the monthly benefit will be, which is why many seniors put off receiving these benefits for a number of years. Here are a few things to consider to help you decide when to start receiving payments:

Finances And Life Expectancy

Of course, when you decide to take Social Security benefits will mostly depend on your financial situation. For example, if you are in need of another source of income and retire early, you may want to request your money as early as you can. However, if you decide to remain in the workforce longer, you could put off receiving these benefits until you do retire or need additional retirement income. Waiting can pay off, especially if you are still working and don't need the benefits.

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Another way to figure out when you should start taking Social Security benefits is by calculating your life expectancy. For instance, if you are in good health and anticipate a long life, waiting can give you more money when you need it most. Others may want to take these benefits as soon as they can. Nowadays, people are living longer than ever before, which means that income planning is more important so seniors don't outlive their money. There is no concern for these payments to stop during retirement, as they last for life, but it does also mean that seniors who plan on having a long retirement may need to think carefully about when to start these benefits.

Retirement Income Planning

Americans become eligible for Social Security benefits at age 62, though you can decide to delay taking the benefits until you are 70 years old. Age 65-67 has typically been a retirement target age for many people. However, you may decide to retire sooner or later than this age, depending on your financial and personal goals for your retirement.

If you have another income strategy, such as an annuity*, you may want to start your Social Security benefits sooner or later depending on when your annuity payments start.

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Call today and we’ll put you in touch with a J.D. Mellberg Financial, Licensed Professional in your area to help you find a retirement income strategy that meets your needs. Be confident you will not outlive your money by choosing lifetime income** from annuity.

Give us a call at 1-877-805-0151


Joshua Mellberg and J.D. Mellberg Financial are not associated with, nor endorsed by, any government agency, including the Social Security Administration.

*Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurance company and are not guaranteed by any bank or the FDIC.

**Some annuities may have a lifetime income guarantee as part of the base policy; others may have riders available that provide this benefit. Riders may also be available for benefits like an annual increase to help combat inflation or for as much as doubling your income in case of a qualifying health event. These annuities are not long-term care and are not substitute for such coverage. Optional riders may be available with a charge.

This article is meant to provide general information on issues that many people consider in making the decision as to whether or not they should buy annuities; and if they do decide to buy, which types of annuities and which annuity benefits and additional riders will best suit their goals and needs. This information is not designed to be a recommendation to buy any specific financial product or service.

By responding to this offer you may be put in touch with a licensed insurance agent regarding retirement income strategies using fixed insurance products. J.D. Mellberg Financial is insurance licensed in all 50 states (AR8771938/CA0K73712/TX1908101) and all producers of J.D. Mellberg Financial have the appropriate licenses for the products they offer.

JDM045719

Josh Mellberg
April 22, 2019 @ 5:00 am

What You Should Know About Pension Plans

Josh MellbergWhen it comes to retirement, your employer's plans are an essential part of your finances. Whether it's a 401(k) or a defined benefit pension plan, there are a few things you need to understand about how these benefits will contribute to your financial security later in life. You keep track of the money in your savings and checking account, and it's also crucial to do so with your other vehicles for income in retirement.

What Are Pension Plans?
Once upon a time, most jobs came with a defined benefit pension plan, providing payments upon retirement that last until the end of an employee's life. These pension benefits are typically related to how long an employee worked at the company. However, employer sponsored pensions are commonly being replaced by other retirement strategies like 401(k)s, which employees directly manage and pay into them to build benefits.

For a retiree with a defined benefit pension plan, after starting payments some retirees may decide to sell their remaining pension payouts for a lump sum of money, which can be used in any way they want. While this has some benefits, it is important to note there are typically taxes associated with this decision.

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Do They Work?
While both of these types of pension plans can provide income through retirement, there is always a chance that you won't end up getting as much as you thought you would. Companies funding defined benefit pension plans are allowed to change the terms over time, and it may not always be clear to you when these changes occur. In addition, there is a market risk associated with defined benefit pension plans and your 401(k) accounts, as many companies will put at least part of the pension funds into hedge funds, according to The New York Times.1 Sometimes these investments can pay off big, but it also put your retirement income at risk.

An Alternative Choice

By comparison, annuities from insurance companies can offer protection from market downturns with a guaranteed* retirement income stream. Unlike a pension, you purchase an annuity in a lump sum or a series of payments. You will then begin receiving monthly payments starting at a designated time, which can last for the rest of your life. Some annuities provide lifetime income as a part of the base contract; other annuities offer riders for a charge that provide lifetime benefits**. Annuities can provide greater financial confidence knowing your money is protected from market downturns and that you will have a steady income stream coming in every month during retirement. As a supplement to pension benefits and Social Security income, using annuity options in your retirement income strategy can offer you another protected source of money.

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Call today and we’ll put you in touch with a J.D. Mellberg Financial licensed Insurance Professional in your area to help you find a retirement income strategy that meets your needs. Be confident you will not outlive your money by choosing lifetime income payments from an annuity.

Call us today at 1-877-805-0151


*Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurance company and are not guaranteed by any bank or the FDIC.

**Some annuities may have a lifetime income guarantee as part of the base policy; others may have riders available that provide this benefit. Riders may also be available for benefits like an annual increase to help combat inflation or for as much as doubling your income in case of a qualifying health event. These annuities are not long-term care and are not substitute for such coverage. Optional riders may be available with a charge.

By responding to this offer you may be put in touch with a licensed insurance agent regarding retirement income strategies using fixed insurance products. J.D. Mellberg Financial is insurance licensed in all 50 states (AR8771938/CA0K73712/TX1908101) and all producers of J.D. Mellberg Financial have the appropriate licenses for the products they offer.

JDM045619

Josh Mellberg
April 19, 2019 @ 5:00 am

What I Learned From Losing Money In The Stock Market

Josh MellbergEveryone wants their money to grow so they can have reliable income for retirement. In order to turn a profit, many will attempt to earn a higher return by purchasing stocks. However, there are many risks associated with doing so, and some can hinder your financial situation as you approach retirement. Here are some of the concerns when it comes to investing in the stock market:

  • Get-rich-quick schemes: There are few ways to lose money faster than by attempting a “get-rich-quick” strategy, and there is no promise that you will increase your wealth by purchasing stocks. While it is possible to increase your assets by building a portfolio of stocks, you should be wary of any book or person who tells you their stock will help you amass wealth quickly.
  • Following a hot tip: It can be tempting to follow through on a stock market tip from a friend or relative about a particular stock, but the truth is that most individuals don't have enough information to make such recommendations. In some instances, you could have a friend who has real knowledge about a certain stock, but by recommending its purchase, he could be in danger of violating security laws regarding insider trading.
  • Making a "sure bet": Unfortunately, there is no such thing as a “sure bet” in the stock market. If you have some expertise in one industry or subject, it's important not to overestimate your knowledge of how that could play out in the stock market. Remember that large companies and firms on Wall Street have extensive knowledge regarding financial markets and have a team of experts on hand to make decisions – and even they don’t bat 1000. Even if you can understand balance sheets and income statements, it doesn't mean your stock market analysis will be profitable.

Investing After A Loss
If you've ever experienced a loss in the stock market after purchasing a stock, you may be unwilling to put more of your hard-earned money back into stocks. However, there are other alternatives to purchasing stocks to help grow your retirement income without stock market risk. One such option is a fixed index annuity.

Annuities are contracts that are purchased from an insurance company in either a lump sum or a series of premium payments. You receive income or can withdraw funds immediately or at a designated point later on, based on the terms of the annuity.  The income can last for the rest of your life**, either as a benefit of the base contract or with the purchase of an income rider. You can watch your money grow at a steady rate that is guaranteed* to help bring you a reliable source of retirement income.

Call today and we’ll put you in touch with a licensed insurance professional in your area to help start your retirement income strategy. 

Give us a call 1-877-805-0151


*Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurance company and are not guaranteed by any bank or the FDIC.

**Some annuities may have a lifetime income guarantee as part of the base policy; others may have riders available that provide this benefit. Riders may also be available for benefits like an annual increase to help combat inflation or for as much as doubling your income in case of a qualifying health event. These annuities are not long-term care and are not substitute for such coverage. Optional riders may be available with a charge.

This article is meant to provide general information on issues that many people consider in making the decision as to whether or not they should buy annuities; and if they do decide to buy, which types of annuities and which annuity benefits and additional riders will best suit their goals and needs. This information is not designed to be a recommendation to buy any specific financial product or service.

By responding to this offer you may be put in touch with a licensed insurance agent regarding retirement income strategies using fixed insurance products. J.D. Mellberg Financial is insurance licensed in all 50 states (AR8771938/CA0K73712/TX1908101) and all producers of J.D. Mellberg Financial have the appropriate licenses for the products they offer.

JDM04519

Josh Mellberg
April 18, 2019 @ 5:00 am

Retirement Strategies You May Want To Avoid

Josh MellbergWhen it comes to retirement income planning, people may have some idea of where they should put their money. Whether it's in a savings account, employer retirement plan or other options, retirement approaches vary. However, not all of these approaches lead to consistent, lifetime retirement income. You may feel that finding the right financial strategy is challenging, without professional guidance. Below are some of what we find to be retirement strategies that don’t always work well.

Roth IRAs
Roth IRA’s are popular after-tax retirement income vehicles, and many choose them because of the potential for tax-free income in retirement and ongoing ability to withdraw your own contributions without paying taxes or penalties. You get no tax credit for contributing to the Roth IRA, but the earnings are never taxed when withdrawn. They work best for retirement if you expect your tax rate to be higher during retirement than your current rate or if you start them at earlier ages, so the principal can grow over time.

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However, there is a downside to a Roth IRA, as there are eligibility limits, which means that if you make too much money, you cannot contribute to a Roth account.  Also, the earnings are not always liquid. While money can grow in these accounts tax-free, there are regulations which limit the availability of the account value. This means that account holders may not be able to access their money for a long time or use it when they need it.

With so many unknown circumstances in life, the Roth account may not have the flexibility you want. If you cash out before the regulatory time-frame of five years or before the age of 59 ½, there are fees and expenses, which can leave you with less money for retirement than you first intended.

Stock Market
You want your money to grow, but putting too much into the stock market can be risky. Stock market volatility can be even more detrimental to your retirement funding as you get closer to leaving the workforce. Even when you diversify your investments in the stock market hoping to earn regular, large returns to go toward retirement income, the stock market “averages” don’t often average out. The losses in 2004 and 2008 have taught those nearing retirement some caution about further trust in market outcomes. And, of course, most of these stock options don't have guaranteed growth or any type of guarantees at all – you can lose money, including loss of your principal.

Fixed Annuities

Other options to earn a consistent return for retirement income include annuities. One such alternative is a fixed-rate annuity, which is purchased in a lump sum or they can be paid for on a periodic basis from an insurance company, and the buyer begins to receive payments at a specified date in return. Fixed annuities have no exposure to stock market risk and buyers are guaranteed* a rate of return, giving them reliable income that could last throughout their lifetime.**

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Call us today at 1-877-805-0151 and we’ll put you in touch with a J.D. Mellberg Financial Licensed Insurance Professional in your area.


*Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurance company and are not guaranteed by any bank or the FDIC.

**Some annuities may have a lifetime income guarantee as part of the base policy; others may have riders available that provide this benefit. Riders may also be available for benefits like an annual increase to help combat inflation or for as much as doubling your income in case of a qualifying health event. These annuities are not long-term care and are not substitute for such coverage. Optional riders may be available with a charge.

This article is meant to provide general information on issues that many people consider in making the decision as to whether or not they should buy annuities; and if they do decide to buy, which types of annuities and which annuity benefits and additional riders will best suit their goals and needs. This information is not designed to be a recommendation to buy any specific financial product or service.

By responding to this offer you may be put in touch with a licensed insurance agent regarding retirement income strategies using fixed insurance products. J.D. Mellberg Financial is insurance licensed in all 50 states (AR8771938/CA0K73712/TX1908101) and all producers of J.D. Mellberg Financial have the appropriate licenses for the products they offer.

JDM045319

Josh Mellberg
April 15, 2019 @ 5:00 am

4 Habits Of Successful Retirees

Josh MellbergWhat's the difference between retiring and retiring successfully? …Habits!

When it comes to the way we eat, how often we exercise or putting away money for retirement, daily and yearly habits are what make us successful. What do we mean by successful? Living the lifestyle you want in your post-work years and having the finances to do so. We know that not all habits will bring you down a path toward financial stability. Here are some habits of successful retirees that might help you with retirement income planning:

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1. Live With Some Urgency
To have an active and successful retirement, you can't sit idly by as if life goes on forever. Instead, successful retirees seize each and every day to stay healthy and happy. You can apply this to all aspects of life, from what you do during retirement to the way you save money throughout your working life. A sense of urgency can call you to action, so you're more likely to prepare for a great retirement.

2. Retire By Your Financial Assets, Not Age
Not all Americans will leave the workforce at age 65 or 66 – many will continue working for more years, while others may retire before then. While you might have a certain age in mind, it can be more worthwhile to create a financial strategy that helps enable you to retire based on your finances instead of your age. This helps ensure that you have enough money for the rest of your life. 

3. Take Some Risks
You don't always want to live your life on the safe (and boring) side. In many cases, though, it is best to minimize risks – this is especially true with your finances By purchasing an annuity you can receive guaranteed* payments for the rest of your life**. Once you know your retirement income is in order, you can be free to take some risks in other areas of your life and pursue your lifestyle goals.

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4. Seek Professional Assistance
Believe it or not, many U.S. workers approaching retirement haven't properly planned their finances for later in life. One way to help ensure you have a retirement income strategy that is best for your needs is to contact us today. J.D. Mellberg Financial will put you in touch with a licensed insurance professional in your local area. Our team will help you find a strategy based on your financial goals to help ensure you can live a comfortable retirement.

Call us today at 1-877-805-0151.


*Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurance company and are not guaranteed by any bank or the FDIC.

**Some annuities may have a lifetime income guarantee as part of the base policy; others may have riders available that provide this benefit. Riders may also be available for benefits like an annual increase to help combat inflation or for as much as doubling your income in case of a qualifying health event. These annuities are not long-term care and are not substitute for such coverage. Optional riders may be available with a charge.

This article is meant to provide general information on issues that many people consider in making the decision as to whether or not they should buy annuities; and if they do decide to buy, which types of annuities and which annuity benefits and additional riders will best suit their goals and needs. This information is not designed to be a recommendation to buy any specific financial product or service.

By responding to this offer you may be put in touch with a licensed insurance agent regarding retirement income strategies using fixed insurance products. J.D. Mellberg Financial is insurance licensed in all 50 states (AR8771938/CA0K73712/TX1908101) and all producers of J.D. Mellberg Financial have the appropriate licenses for the products they offer.

JDM045219

Josh Mellberg
April 11, 2019 @ 5:00 am

Why Variable Annuities May Not Be the Best Vehicle for Your Retirement Income Strategy

Josh MellbergAn annuity is a contract you purchase from an insurance company. You provide either a lump sum or series of payments and in return receive payments at a specified date. When you purchase an annuity, you can choose to receive payments for the rest of your life, which can guarantee* income when you retire. Lifetime income** may be available in a base annuity contract or may be available through the purchase of a rider for additional premium. For many seniors, this is an excellent financial income planning tool that helps provides a steady cash flow later in life.

There are a few different types of annuities, and not all have the same level of risk. Compared to purchasing stocks, buying a fixed annuity is a much more conservative bet. The insurance company will return a fixed rate on the annuity for life or a certain number of years. Purchasing a fixed annuity can help increase your retirement income without exposure to market.

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What Is A Variable Annuity?
By comparison, a variable annuity is also a contract purchased through an insurance company, but there is generally no guaranteed* rate of return. Instead, the return is directly tied to the market conditions and how the investments you select perform. This provides variable annuity owners the opportunity to receive higher returns on their annuity when the market is doing well, and it also means there is more risk if the market is doing poorly.

Is A Variable Annuity Right For Me?
Insurance companies often sell these products as part of retirement income strategies, but they may not be the right approach for everyone. In general, the older you are, the less likely it is that variable annuities are the best choice for your needs when compared to other annuities. Not only are there higher risks associated with variable annuities, but there are also many additional costs that can lower the return rate. Some of these costs include:

  • Mortality and risk expense
  • Administrative fees
  • Underlying fund fees

If you're seeking a retirement income planning vehicle that will help provide you with a steady stream of income for the rest of your life, there are annuities that can bring you money and financial confidence. At J.D. Mellberg, we offer an array of retirement income strategies that will help you get the most out of your money.

<<SPECIAL: This FREE Book is Helping Baby Boomers Get Bigger Social Security Checks!!!…CLICK HERE>

Call today and we’ll put you in touch with a J.D. Mellberg licensed professional in your area.  Just give call us at 1-877-805-0151.


*Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurance company and are not guaranteed by any bank or the FDIC.

**Some annuities may have a lifetime income guarantee as part of the base policy; others may have riders available that provide this benefit. Riders may also be available for benefits like an annual increase to help combat inflation or for as much as doubling your income in case of a qualifying health event. These annuities are not long-term care and are not substitute for such coverage. Optional riders may be available with a charge.

This article is meant to provide general information on issues that many people consider in making the decision as to whether or not they should buy annuities; and if they do decide to buy, which types of annuities and which annuity benefits and additional riders will best suit their goals and needs. This information is not designed to be a recommendation to buy any specific financial product or service.

By responding to this offer you may be put in touch with a licensed insurance agent regarding retirement income strategies using fixed insurance products. J.D. Mellberg Financial is insurance licensed in all 50 states (AR8771938/CA0K73712/TX1908101) and all producers of J.D. Mellberg Financial have the appropriate licenses for the products they offer.

JDM045019

Josh Mellberg
April 9, 2019 @ 5:00 am

Protect Your Retirement Income Strategy Against Inflation

Josh MellbergThere's a large contingent of Americans nearing retirement that may not understand how rising interest rates could affect their retirement income strategies, according to The Wall Street Journal. For those in the 55 to 64 age range, 35 percent said they understood that rising rates could impact their strategy, but they aren't sure how. Additionally, 18 percent said they don't understand how it will impact their strategy at all.1

Americans ages 65 and up had less of an idea. One out of four respondents stated they have no idea how inflation and rising interest rates will impact their retirement assets such as their 401(k) or IRA.

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"If you look back, inflation comes as a surprise," Harold Evensky, president of Evensky & Katz LLC, told The Wall Street Journal. "You have to be prepared all the time, even if it doesn't seem necessary."

That's why it's vital for those gearing up for retirement – or already in the retirement phase – to prepare their retirement income strategy for rising inflation costs. Evensky said inflation rates could climb as central banks put a large amount of money into the economy in order to catalyze growth.

MoneyWatch reported that inflation isn't as big of an obstacle as it was in the 1970s and early 1980s, but is should still be a concern. Inflation is typically 1 to 3 percent, according to the Consumer Price Index.

But Michael Kitces, research director at Pinnacle Advisory Group, told The Wall Street Journal that even if inflation doesn't increase at a high level, it's still a good idea for people to prepare as if inflation will spike.

"It's not just an issue of high inflation," Kitces said. "Even low inflation adds up to a very material pressure on our ability to afford our goals in the long term."

Preserve Your Retirement Income Strategy With Inflation Protection

A growing number of retirees are featuring annuities in their financial strategies because they offer a stable flow of income* for those in retirement. Some people even choose to buy an annuity with inflation protection**, which adjusts payments for the rising cost of living through the purchase of a rider for a charge.

But Wade Pfau, professor of retirement income at the American College of Financial Services, told The Wall Street Journal that retirees shouldn't necessarily only purchase inflation-protected annuities. He said annuities that aren't adjusted for inflation pay out approximately 50 percent more than those that are adjusted for inflation.

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To find out more about annuities and potentially find a retirement income strategy to help provide you more income and protect you against inflation, contact J.D. Mellberg today and we’ll put you in touch with a licensed insurance professional in your area. 

Just give call us at 1-877-805-0151


1 Javier Espinoza, Inflation Protection for Your Portfolio, The Wall Street Journal, https://www.wsj.com/articles/inflation-protection-for-your-portfolio-1379539677?tesla=y, Sept. 18, 2013. 

*Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurance company and are not guaranteed by any bank or the FDIC.

**Some annuities may have a lifetime income guarantee as part of the base policy; others may have riders available that provide this benefit. Riders may also be available for benefits like an annual increase to help combat inflation or for as much as doubling your income in case of a qualifying health event. These annuities are not long-term care and are not substitute for such coverage. Optional riders may be available with a charge.

If you are unable to access the article referenced above, please call 1-877-805-0151 to request a copy.

This article is meant to provide general information on issues that many people consider in making the decision as to whether or not they should buy annuities; and if they do decide to buy, which types of annuities and which annuity benefits and additional riders will best suit their goals and needs. This information is not designed to be a recommendation to buy any specific financial product or service.

By responding to this offer you may be put in touch with a licensed insurance agent regarding retirement income strategies using fixed insurance products. J.D. Mellberg Financial is insurance licensed in all 50 states (AR8771938/CA0K73712/TX1908101) and all producers of J.D. Mellberg Financial have the appropriate licenses for the products they offer.

JDM045119

Josh Mellberg
April 8, 2019 @ 5:00 am

FIXED INDEX ANNUITY (4-Part Series)

Josh MellbergWith your retirement money, you want secured income later in life and the potential to grow your assets. By purchasing a fixed index annuity, you may be able to accomplish both.

What Is A Fixed Index Annuity?
You pay one or more premiums in return for a stream of income or withdrawal privileges at a later date. The premium you have paid in is protected from direct downside market risk, as it is not an investment. However, the annuity is also “tied to” a stock market index to help increase your potential for earnings.

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What Are Some Of The Advantages?

  • Guaranteed* Interest Rate: A basic interest rate is guaranteed for a period of time. The interest rate can change from time to time – see your contract for specifics.
  • Protected From Direct Downside Market Risk: When the index goes up, your interest earned can go higher. When the index goes down, however, your earnings are locked in and do not go down.*
  • Potential Lifetime Income: Some fixed index annuities may have a lifetime income guarantee as part of the base policy; others may have riders available for a charge that provide this benefit.

What Are Some Of The Disadvantages?

  • The potential earnings from the index growth will have limits on participation and “caps” – for instance, if the market index should grow by 10% and your contract has an 8% cap, you will only receive 8% of that growth.
  • The method of indexing will vary among contracts, and can minimize or increase the benefits.
  • The index being tracked may be a common one, like the S&P 500® or it may be a “designer” index set up for fixed index annuities specifically, and may have less proven results.
  • You may still lose money because the amount guaranteed on fixed index annuities may lag behind your initial premium to start with. It may take years for the guaranteed amount and the contribution level to merely "break even."

How Can I Get Started?
To help you secure a steady stream of income and increase your financial security in retirement, our team of knowledgeable, licensed advisors and agents can help you get started see if an annuity may be right for your goals in retirement. If so, we can help you find the type of annuity and the specific contract that works well for you. We know the importance of proper retirement income strategies that will last you the rest of your life.

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We’ll put touch with a licensed insurance professional at J.D. Mellberg to help you find a retirement strategy that is right for your goals by calling 1-877-805-0151.


This article is meant to provide general information on issues that many people consider in making the decision as to whether or not they should buy annuities; and if they do decide to buy, which types of annuities and which annuity benefits and additional riders will best suit their goals and needs. This information is not designed to be a recommendation to buy any specific financial product or service.

*Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurance company and are not guaranteed by any bank or the FDIC.

By responding to this offer you may be put in touch with a licensed insurance agent regarding retirement income strategies using fixed insurance products. J.D. Mellberg Financial is insurance licensed in all 50 states (AR8771938/CA0K73712/TX1908101) and all producers of J.D. Mellberg Financial have the appropriate licenses for the products they offer.

JDM044519

Josh Mellberg
April 4, 2019 @ 5:00 am