A lot of changes come with welcoming a new child into your family—none more important than making sure your family is financially secure.
SAVING FOR COLLEGE
You’ve heard it before—save early and often. But saving for your child’s college education takes more than that. It takes planning.
COLLEGE OR RETIREMENT
Your own financial security is as important to your children’s future as college. You don’t want to run out of money in retirement and have to turn to them for help with your housing or healthcare costs.
- Students today can turn to grants, aid and scholarships to stay on their feet financially. You may find it more difficult if your retirement savings fall short.
- Don’t automatically put your retirement financial goals on hold to pay for college. Talk with your financial advisor first.
Providing for your family in case something happens to you is one of the most important plans you can make.
- Placing just part of what you’ve saved in single premium life insurance immediately increases the value of your estate, plus your beneficiaries potentially get it free of federal income tax.
- Talk with your financial advisor about how your life insurance policy can help provide for your family when you’re gone, and what you can do to minimize their taxes.
GROW WHAT YOU HAVE
Annuities can help your retirement savings grow and provide guaranteed income when you retire. The death benefit guarantees that your beneficiaries will receive at least as much as you contributed in purchase payments less any prior withdrawals.
WATCH WHERE YOU INVEST
Know the tax implications of your investments. You don’t want your beneficiaries to get hit with a lot of taxes.
TALK TO AN EXPERT
Annuities are issued by Symetra Life Insurance Company, 777 108th Avenue NE, Suite 1200, Bellevue, WA 98004 and are not available in all U. S. states or any U.S. territory.
Guarantees and benefits are subject to the claims-paying ability of Symetra Life Insurance Company.