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40% of U.S. workers have saved
less than $25,000 for retirement.*

*2019 Retirement
Confidence Survey, EBRI

Only 42% of Americans know how
much money to save for retirement.*

*2019 Retirement Confidence Survey, EBRI

43% of retirees left
the workforce earlier
than planned.*

*2019 Retirement
Confidence Survey, EBRI

Our Services

While developing a customized financial program, we will walk you through a step-by-step process that will help make you feel confident in your decisions.

Once your goals have been established, we will customize appropriate strategies to suit your vision and objectives. We can help you execute a sound financial program utilizing the following products and services:

 

  • Portfolio Management
  • Retirement Strategies, Utilizing 401k's and IRA's
  • Life Insurance and Annuities
  • Medicare
  • Tax Management*
  • Estate Conservation*

 

Annuities

An annuity is a contract with an insurance company. All annuities have one feature in common, and it makes annuities different from other financial products. With an annuity, the insurance company promises to pay you on a regular basis for a period of time you choose,including the rest of your life.

Annuities can be based on a guarenteed percentage over time, known as (Fixed**). In exchange for a lump sum of capital, a life insurance company credits the annuity account with a guarantee fixed interest rate while guaranteeing the principal investment.

Secondly, annuities can be based on subaccount performance (Variable***) which allow investors the opportunity to earn higher rates of return. Which can increase the amount of capital they can accumulate and provide a variable income stream to potentially outpace inflation. However, investors assume the risk of their subaccounts not outperforming a fixed annuity's guaranteed return.

The third type of annuity is a hybrid of the Variable and Straight Fixed, known as (Fixed Indexed****). It provides principal protection in the market and opportunity for growth. It gives you more growth potential than a Fixed annuity along with less risk than a variable annuity.

Some annuities begin paying income to you as soon as you buy one (Immediate Annuity). Others begin at a later date you choose (Deferred Annuity). They have an accummulation period and a payout period. During the accumuation period, the value of your annuity changes based on the type of annuity. During the payout period, the annuity makes payments to you. They may offer a Death Benefit. If you die during the accumulation period, an annuity with a Death Benefit pays some or all of the annuity's value to your beneficiary either in one payment or multiple payments over time. They also may offer a Lifetime Income option. When activated, this rider will enable endless periodic payments to the account holder based on a percentage of the account value.

 

Medicare

Medicare is the federal health insurance program for: People who are 65 or older. Certain younger people with disabilities. People with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant, sometimes called ESRD)

Medicare Supplement Insurance (Medigap) policy helps pay some of the health care costs that Original Medicare (Part A+B) doesn't cover: Copayments, Coinsurance, and Deductibles.

The best time to purchase a Medicare Supplement plan is within the 6-month open enrollment period. During that period, any policy sold in your state can be added, even with current health problems. Generally, Original Medicare and Supplements do not cover Long-term care, Vision, Dental, or private nursing.

 

Medicare Advantage

Is a type of Medicare health plan offered by a private insurance company that contracts with Medicare. Medicare Advantage Plans include: HMO, PPO, SNP, PFFS, and MSA. Most Medicare Advantage plans offer prescription drug coverage. If you join a MA plan, the MA plan will provide all of your Part A (hospital insurance) and Part B (Medical insurance) coverage. 

 

*Stewart Wealth Advisors, LLC does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstance.

**Fixed Annuities are long term insurance contacts and there is a surrender charge imposed generally during the first 5 to 7 years that you own the annuity contract.  Withdrawls prior to age 59-1/2 may result in a 10% IRS tax penalty, in addition to any ordimary income tax.  Any guarantees of the annuity are backed by the financial strength of the underlying insurance company.

***Please consider the investment objectives, risks, charges and expenses carefully before investing in Variable Annuitities The prospectus, which contains this and other information about the variable annuity contract and the underlying investment options, can be obtained from the insurance company or your financial professional.  Be sure to read the prospectus carefully before deciding whether to invest.

The investment return and principal value of the variable annuity investment options are not guaranteed.  Variable annuity sub-accounts fuluctuates with changes in market conditions.  The principal may be worth more or less than the orignial amount invested when the annuity is surrendered.

****Indexed annuities are insurance contracts that, depending on the contract, may offer a guaranteed annual interest rate and some participation growth, if any, of a stock market index.  Such contracts have substantial variation in terms, costs of guarantees and features and may cap participation of returns in significant ways.  Any guarantees offered are backed by the fiancial strength of the insurance company.  Surrender charges apply if not held to the end of the term.  Withdrawals are taxed as ordinary income and, if taken prior to 59 1/2, a 10% federal tax penalty.  Investors are cautioned to carefully review an indexed annuity for its features, costs, risks, and how the variables are calculated.

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