Elder Planning - Asset Protection Plans for Retirees

Helping retirees protect their assets is an increasingly valuable specialty. There are so many different ways that your estate can be depleted; (income taxes, long term care expense, market losses, probate, death taxes, commissions, fees, low interest rates, etc.). Any one of these can reduce your net worth substantially. A combination can be devastating!

At Harrington-Hoch, Inc. we are committed to helping retirees protect their money. We specialize in helping you design your personalized Asset Protection Plan. We offer:

• Tax savings plans

• High interest plans

• Plans that can reduce your taxable Social Security

• Long Term Care Insurance (we carry most companies)

• Medicaid Planning (for those who can't qualify for or afford LTC insurance)

• Trust planning - we work with numerous attorneys

• Plans with a high degree of safety

One of our most popular products is Fixed Rate Annuities. They have become an increasingly viable part of a retiree's financial plan. Why are annuities becoming such a popular Elder Planning tool?

• Fixed annuities are much like CDs and Savings Bonds in how they are structured; (guaranteed principal + interest).

• In most situations fixed annuities can earn a slightly higher interest rate than other safe money vehicles.

• Fixed annuities carry a very high degree of safety rating much like CDs (CDs are backed by FDIC; Annuities are backed by the Guarantee Associations of each company's home state).

• Fixed annuities offer a tax advantage (Tax deferral). Tax deferral means the interest earned isn't considered taxable income until it is taken out of the account. This can increase yield by accelerating the compounding effect in some situations, and it can be an extremely valuable tool for reducing and controlling how much of a retiree's Social Security is taxed annually.

• Fixed annuities can be set up to provide a systematic income much like a pension; but with tax advantages.

• When applied properly, fixed annuities can provide some protection from the high cost of long term care expense.

• They provide one of the easiest ways to avoid probate fees.

• There are no upfront or annual fees like those charged by equity products.

• And now with the advent of EIAs (Equity Indexed Annuities) people have a place to position their money that provides gains based on the performance of the equities markets, but without the risk of principal loss.

At Harrington-Hoch , we represent the best annuity products and companies available.