RETIREMENT & ANNUITIES
Turn What You’ve Saved Into a Retirement Income Strategy
LJ Elevate helps you understand retirement income strategies using tools such as annuities and 401(k) or IRA rollover options. Every option is explained in plain language so you understand how it works before making a decision.
Saving for retirement is one challenge. Turning those savings into steady, dependable income is another. We help you understand your options clearly, so the transition into retirement feels like a plan — not a guess.
Where Annuities Fit
An annuity is a contract with an insurance company that can convert a portion of your savings into income. Depending on the type — immediate income, fixed, or fixed-indexed — an annuity can provide a stream of income in retirement, including options for guaranteed income as a contractual feature. Any such guarantees are subject to the claims-paying ability of the issuing insurance company. We’ll walk through how each type works, and where it does and doesn’t make sense for you.
Immediate Income Annuities
Designed to begin distributing income shortly after the contract is established.
Fixed Annuities
Provide interest based on the terms established by the issuing insurance company.
Fixed-Indexed Annuities
Credit interest according to a method linked to a market index, without directly investing the contract value in that index.
Rolling Over a 401(k) or IRA
Changing jobs or entering retirement often means deciding what to do with an old 401(k) or IRA. We help you understand your rollover options and how they connect to your broader income plan — clearly, with no pressure to move anything.
What is an annuity, in plain terms?
An annuity is a contract with an insurance company that can turn part of your savings into income. Some contracts may include options for income that continues for life. There are different types, and we explain how each one works before you make a decision.
Can an annuity guarantee income?
Some annuities include guaranteed income as a contractual feature. Those guarantees depend on the claims-paying ability of the issuing insurance company. We explain the contract terms, costs, limitations, and available income options clearly before you decide.
Do I have to move my old 401(k) into an annuity?
No. Depending on your circumstances, you may have several options, including leaving the assets in the existing plan, moving them to a new employer plan, rolling them into an IRA, or taking a distribution. We help you understand the options available to you without pressure to move your account.
Build Retirement Income With Greater Clarity
Your first consultation is focused on understanding your retirement goals, current accounts, income needs, and available options. Education comes first, so you can make informed decisions with financial confidence.