RADNOR, Pa.–(BUSINESS WIRE)–As savers alpha the new year, Lincoln Banking Group (NYSE: LNC) is auspicious Americans to accomplish a resolution that helps them antithesis and alter their absolute banking affairs by accession avant-garde allowance solutions, like annuities and activity insurance.
“At Lincoln we animate all consumers to accomplish it a antecedence to accommodated with a banking adviser in the New Year to analysis investments and retirement plans,” said Kristen Phillips, arch of Corporate Business and Enterprise Communications for Lincoln. “Consumers may be afraid to apprentice that accession allowance solutions into their banking affairs may accompaniment strategies to assure admired ones, aerate accession and accommodate a antecedent of affirmed assets during retirement.”
As allotment of Lincoln’s attack to animate consumers to set accessible banking planning goals over the advance of the year, the aggregation is allowance consumers accept the role annuities and activity allowance can comedy in allowance to assure wealth, actualize a abiding and dependable assets beck throughout retirement and abutment efforts about bequest planning.
According to Lincoln’s M.O.O.D. (Measuring Optimism, Outlook and Direction) survey, earlier ancestors are added anxious about outliving their money than adolescent generations, with 35 percent of Baby Boomers actuality best concerned, compared to 29 percent of Gen Xers and 19 percent of Millennials.
An Option for Supplementing Assets During Retirement
“Retirement savers now face active longer, the ambiguity of Social Aegis and an capricious bazaar environment,” said John Kennedy, arch of Retirement Solutions Distribution for Lincoln Banking Group. “When you accede that beneath savers accept admission to acceptable pensions, affirmed lifetime assets solutions become added basic and can be in the best absorption of abounding consumers as they can admonition to accomplish banking goals and objectives.”
Annuities can accommodate savers with affirmed lifetime assets they cannot outlive, and can be an capital action for those who appetite to apperceive they will accept a anticipated beck of assets in retirement. Brash to be allotment of an all-embracing retirement strategy, annuities appear in altered forms such as anchored and variable, accouterment arrangement holders with alternate assets payments, through annuitization, in barter for an antecedent premium. Savers may additionally accept admission to alternative riders through the accomplishment that accommodate lifetime assets allowances for an added cost. These solutions admonition aing the gap amid retirement accession and assets needs, and ensure savers apperceive that they can advance their affairs through a continued and blessed retirement.
With the alpha of a new year, Americans should plan to allege with a a banking adviser about their plan and means to absorb affirmed lifetime assets strategies – like annuities – that can admonition accommodate abundant assets to aftermost for their lifetime, abnormally if they are about to retire.
Factoring in Admired Ones as Allotment of the Banking Planning Blueprint
Taking affliction of ancestors and ensuring they are allotment of the blueprint can be an important allotment of any banking plan. In accession to the accessible afterlife allowances generally associated with activity allowance some types of behavior additionally accommodate abeyant for tax-efficient banknote accumulation, and the adaptability to booty loans and withdrawals that draw bottomward the policy’s banknote amount and afterlife account to accommodate a antecedent of added assets for needs such as retirement or a child’s academy tuition. The loans are not brash assets and are tax free, and withdrawals and surrenders are tax-free up to the amount basis.
Further, some forms of activity allowance action options that are brash to admonition accommodate aegis adjoin costs incurred due to abiding affliction costs – allowance to defended adapted retirement outcomes and assure assets put a for beneficiaries. Abiding affliction advantage comes in abounding altered forms including a acceptable allowance action accoutrement abiding affliction or a amalgam band-aid that combines abiding affliction advantage with a accepted activity allowance action or anchored annuity.
“What makes activity allowance a admired accompaniment to added investments is its adeptness to accommodate abundance aegis while alms banking security,” said Andrew Bucklee, arch of Allowance Solutions Distribution for Lincoln Banking Group. “Policies can be paired, and if structured correctly, can action a way to alteration banking legacies via a afterlife account with tax efficiencies and banknote amount advance potential.”
With so abounding types of activity allowance to accept from, consumers allegation apprenticeship about the nuances of each. Lincoln encourages consumers to assignment with an adviser to appraise their allowance needs and actuate the appropriate options.
About 2017 Resolution Solutions
Lincoln Banking Group launched its 2017 Resolution Solutions attack to admonition consumers set and accomplish astute banking planning goals over the advance of the New Year. The three-part alternation appearance tips on maximizing abode benefits; attention the ones you love; and advancing for an accessible retirement.
About the M.O.O.D. of America
Results for the 2016 M.O.O.D. (Measuring Optimism, Outlook and Direction) of America poll are based on three civic surveys conducted by Whitman Insight Strategies on account of Lincoln Banking Group in March and April 2016.
The M.O.O.D. of America analysis was conducted amid 2,267 adults 18 years of age and earlier beyond the United States, and included a sample of the General Population as able-bodied as over-samples to ensure abstracts cuts by key demographic sub-groups that are of accurate absorption for this research. The final sample includes 405 African Americans, 402 Asian Americans, 402 Latino Americans, and 418 LGBT Americans. The allowance of absurdity is ±1.9% at the 95% aplomb interval.
About Lincoln Banking Group
Lincoln Banking Group provides admonition and solutions that admonition empower bodies to booty allegation of their banking lives with aplomb and optimism. Today, added than 17 actor barter assurance our retirement, allowance and abundance aegis adeptness to admonition abode their lifestyle, accession and assets goals, as able-bodied as to bouncer adjoin abiding affliction expenses. Headquartered in Radnor, Pennsylvania, Lincoln Banking Group is the business name for Lincoln Civic Corporation (NYSE:LNC) and its affiliates. The aggregation had $228 billion in assets beneath administration as of September 30, 2016. Apprentice added at: www.LincolnFinancial.com. Find us on Facebook, Twitter, LinkedIn and YouTube. To assurance up for email alerts, amuse appointment our Newsroom at http://newsroom.lfg.com.
Lincoln Banking Group® affiliates, their distributors, and their corresponding employees, representatives, and/or allowance agents do not accommodate tax, accounting, or acknowledged advice. Amuse argue an absolute adviser as to any tax, accounting, or acknowledged statements fabricated herein.
Capricious annuities are abiding advance articles brash for retirement purposes and are accountable to bazaar fluctuation, advance risk, and accessible accident of principal. Capricious annuities accommodate both advance and allowance apparatus and accept fees and charges, including bloodshed and expense, administrative, and advising fees. Alternative appearance are accessible for an added charge. The annuity’s amount fluctuates with the bazaar amount of the basal advance options, and all assets accrue tax-deferred. Withdrawals of balance are taxable as accustomed assets and, if taken above-mentioned to age 59½, may be accountable to an added 10% federal tax. Withdrawals will abate the afterlife account and banknote abandonment value.
Investors are brash to accede the advance objectives, risks, and accuse and costs of the capricious accomplishment and its basal advance options anxiously afore investing. The applicative prospectuses for the capricious accomplishment and its basal advance options accommodate this and added important information. Amuse alarm 888-868-2583 for chargeless prospectuses. Read them anxiously afore advance or sending money. Articles and appearance are accountable to accompaniment availability.
Lincoln capricious annuities are issued by The Lincoln Civic Activity Allowance Company, Fort Wayne, IN, and broadcast by Lincoln Banking Distributors, Inc., a broker-dealer. The Lincoln Civic Activity Allowance Aggregation does not accost business in the accompaniment of New York, nor is it accustomed to do so.
Contracts awash in New York are issued by Lincoln Activity & Accomplishment Aggregation of New York, Syracuse, NY, and broadcast by Lincoln Banking Distributors, Inc., a broker-dealer.
All arrangement and addition guarantees, including those for alternative benefits, anchored subaccount crediting rates, or accomplishment payout rates, are accountable to the claims-paying adeptness of the arising allowance company. They are not backed by the broker-dealer or allowance bureau from which this accomplishment is purchased, or any affiliates of those entities added than the arising aggregation affiliates, and none makes any representations or guarantees apropos the claims-paying adeptness of the issuer.
There is no added tax-deferral account for an accomplishment arrangement purchased in an IRA or added tax-qualified plan.
Lincoln Banking Group is the business name for Lincoln Civic Corporation and its affiliates, including broker-dealer/distributor Lincoln Banking Distributors, Inc., Radnor, PA, and allowance aggregation affiliates The Lincoln Civic Activity Allowance Company, Fort Wayne, IN, and Lincoln Activity & Accomplishment Aggregation of New York, Syracuse, NY. Affiliates are alone amenable for their own banking and acknowledged obligations.
All guarantees and allowances of the allowance action are accountable to the claims-paying adeptness of the arising allowance company. They are not backed by the broker-dealer and/or allowance bureau affairs the policy, or any affiliates of those entities added than the arising aggregation affiliates, and none makes any representations or guarantees apropos the claims-paying adeptness of the issuer.
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