What are annuities? Simply put, you agree to pay an insurance company–either in installments or with one lump sum–and in return, they pay you in the future. Retirement, particularly in North Texas and the Dallas/Fort Worth Metroplex, requires careful consideration. One option is annuities. By Bobby M. Collins Patch: https://patch.com/users/bobby-m-collins Presentations: https://www.slideshare.net/BobbyMCollins/presentations Medium: https://medium.com/@bobbymcollins Collins Site: https://collinsandcate.com/ Pinterest: https://www.pinterest.com/bobbymcollins/ YouTube: https://www.youtube.com/channel/UCKIKRPVgRQJ_T-aWZFFvOmA Quora: https://www.quora.com/profile/Bobby-M-Collins

1. Use Annuities as a Way to
Stabilize Income for
Retirement

2. What are Annuities?
Annuity education
Expert, serving Texas
● 940-704-1415
● 2928-A Loma Linda Lane
Wichita Falls, TX

3. What are Annuities?
Retirement, particularly in North Texas and
the Dallas/Fort Worth Metroplex, requires
careful consideration
One option are annuities

4. What are Annuities?
● You agree to pay an insurance company
● Either in installments or with one lump sum
● They pay you in the future

5. Advantages of Annuities
● Annuities are stable
● Are stable alternative

6. Advantages of Annuities
● Can help protect against
excessive loss
● Provides guaranteed income

7. Other Advantages
● Should be part of overall
retirement-related portfolio
● Balance long-term financial goals
● Reasonable risk

8. Annuities for Texans
● Especially important for retirees in the
Dallas/Fort Worth Metroplex and North
Texas areas

9. Annuities for Texans
WalletHub:
● Only one third Texans surveyed
feel financially confident

10. Annuities for Texans
So how does Texas rank for retirees?

11. Annuities for Texans
● Warm weather
● Delicious food
● Friendly people

12. Annuities for Texans
WalletHub:
● North Texas cities rank among the
worst places to retire in America

13. Annuities for Texans
● Arlington is 10th
● Garland is 19th
● Fort Worth is 100th
● Dallas is 106

14. Annuities for Texans
What does this all mean?
● Seniors are drawn to the places
where their money goes the
farthest

15. Annuities for Texans
What does this all mean?
● Metroplex and North Texas are
not considered ideal

16. Annuities for Texans
What does this all mean?
● Money management is increasingly
important
● Finding right financial solution

17. Who Are Annuities For
● Anyone looking for a steady and
reliable source of income
● During economic uncertainty
● Retirees

18. Types of Annuities
● Fixed
● Variable
● Indexed single premium
● Immediate annuity

19. Types of Annuities
● Fixed
○ Guaranteed amount
○ Does not change
○ Protection of initial investment

20. Types of Annuities
● Variable
○ Offer higher rates of return
○ Higher risks
○ Amount received changes

21. Types of Annuities
● Indexed
○ Guaranteed minimum disbursement
○ Portion of the profits are tied to index like
the S&P 500

22. Types of Annuities
● Deferred
○ Flexible
○ Receive payments at a specific time

23. Types of Annuities
● Deferred
○ Flexible
○ Receive payments at a specific time

24. Types of Annuities
● SPIA
○ Simple
○ Single large deposit and monthly
payments begin immediately

25. 3 Reasons to Buy Annuities
● Fixed income for life
● Pay for long-term healthcare
● Income for loved ones

26. 3 Reasons to Buy Annuities
● Fixed income for life
● Pay for long-term healthcare
● Income for loved ones

27. 3 Reasons to Buy Annuities
A key part in crafting a financially
secure retirement is calculating ways to
best safeguard, and of course, build the
investment

28. 3 Reasons to Buy Annuities
Always select options that balance a
comfortable level of risk with positive
returns.

29. 3 Reasons to Buy Annuities
● Fixed income for life
○ Pay a fixed income until death
○ Very secure
○ Reliable

30. 3 Reasons to Buy Annuities
● Pay for long-term healthcare
○ Fixed payment earmarked for healthcare
○ Built-in dependent is available
○ Withdrawals are tax-free

31. 3 Reasons to Buy Annuities
According to Senior Living:
● In Texas, home care services can cost nearly
$6,000 per month
● Rose 10 percent just between 2016 and 2020

32. 3 Reasons to Buy Annuities
● Income for loved ones
○ Option is receive support for beneficiaries
after your death
○ Protects your initial investment and
ensures beneficiaries

33. Buy Annuities with 401(k)
● Income for loved ones
○ Option is receive support for beneficiaries
after your death
○ Protects your initial investment and
ensures beneficiaries

34. Buy Annuities with 401(k)
You probably have a 401(k), but did you
know that you might be able to
purchase annuities right in your plan?

35. Buy Annuities with 401(k)
● Advantages of Converting a 401(k)
into an Annuity
○ Higher payouts
○ Lower costs

36. Buy Annuities with 401(k)
● Types of Authorized Annuities in
401(k)s
○ Single Premium Immediate Annuity

37. Buy Annuities with 401(k)
However:
● If the annuity holder dies, the money left
in the account will NOT be passed on to
my heirs; the annuity company keeps it.

38. Buy Annuities with 401(k)
However:
● The reason why is because the
policyholder would have used up
protection living more than ten years

39. Buy Annuities with 401(k)
However:
● Or, take the example of a fifteen year
annuity and the holder died in year ten

40. Buy Annuities with 401(k)
However:
● Heirs would receive the monthly checks
for another five years, and the company
keeps the rest

41. Buy Annuities with 401(k)
Be sure the offering has solid financial
strength from rating agencies like AM
Best

42. Buy Annuities with 401(k)
Additionally, check how fees and
payments compare to an annuity
available outside of your 401(k)

43. Are Annuities For You
● Decision is complex
● Has a major impact on retirement
● Is very personal
● Know all the facts and comparing options
is important to making the right decision

44. About Bobby M. Collins
● Annuity educator with 30 years of
experience
● Founded Collins and Cate Retirement
Income Professionals in 2002

45. About Bobby M. Collins
Annuity education
Expert, serving Texas
● 940-704-1415
● 2928-A Loma Linda Lane
Wichita Falls, TX

46. About Bobby M. Collins
● Often traveling more than three hundred
miles a day to meet directly with clients,
● Serves Dallas/Ft. Worth Metroplex, Denton
County, Amarillo, Abilene and North Texas

47. About Bobby M. Collins
● Some comprehensive retirement plans
include three types of annuities such as fixed
immediate and indexed fixed
● Experience in Roth IRAs life insurance
401K, as well as defined benefit plans