The next decade will see more Americans retire than any time in history. Whether you are ready comes down to one thing: a plan that combines guaranteed income and tax-advantaged growth, matched to how you actually live, wherever you are starting from.
11,400
Americans turn 65 every day
currently the largest retirement wave in U.S. history
$288K
average retirement savings
for current retirees, vs. $823K they say is needed to retire comfortably
29%
of retirees have no savings
at all, relying entirely on Social Security averaging $1,976/month
48%
of "unretirees" went back to work
because they needed money, not by choice
Understanding Annuities
An annuity is a contract between you and an insurance company. You contribute funds, either as a lump sum or over time, and in return, the insurance company guarantees to grow that money and pay it back to you as a reliable income stream, either immediately or at a future date you choose.
Unlike a savings account that can be depleted, or a market investment that can lose value, an annuity is structured to provide income you cannot outlive. The insurance company assumes the risk. You receive the certainty.
Annuities are not one-size-fits-all instruments. They come in several forms, each designed for a different financial goal, timeline, and starting point. Goshen Financial works with multiple top-rated carriers to match the right structure to your actual situation.
Either with a lump sum (single premium) or with regular contributions over time ($100/month or more). The money grows inside the contract, tax-deferred.
Depending on the annuity type, growth is either guaranteed (fixed) or linked to a market index with a floor that prevents losses (indexed).
You decide when to begin receiving payments, at retirement, at a specific age, or a milestone of your choosing. Payments can be structured for a set period or for the rest of your life.
Remaining account value passes to named beneficiaries, outside of probate, directly and efficiently.
Types of Annuities
Goshen Financial offers any combination of the following annuity types, matched to your specific timeline, income goals, and risk tolerance.
Provides a guaranteed interest rate on your contributions for a defined period. Fully predictable growth, no market exposure, no surprises. Includes Multi-Year Guaranteed Annuities (MYGAs), currently paying competitive fixed rates, often higher than traditional CDs or savings accounts.
Growth linked to a market index with a 0% floor that prevents losses in down years. You participate in market gains up to a cap. Principal is protected while growth potential exceeds traditional fixed rates.
You contribute now and begin receiving guaranteed income at a future date of your choosing. The longer the deferral period, the greater the income benefit. Particularly powerful when started early.
Retirement Accounts
How you save for retirement matters as much as how much. Each account below treats your taxes differently, here is what sets them apart.
The Traditional and Roth IRA share the same annual contribution amount, with an extra catch-up amount once you turn 50. The SEP IRA limit works differently — it is based on a percentage of your income, not a flat dollar amount. Your broker will confirm current limits and any income-based phase-outs with you before you fund anything.
Have a retirement account from a previous employer? It doesn't have to sit there, out of your hands, exposed to market loss. Depending on where it goes, it can keep growing tax-deferred or convert to tax-free income, let's find out which move fits your situation.
For income above Roth IRA limits, indexed universal life insurance offers a similar tax-free income strategy with no income cap. See how it fits →
Where You Stand
That number describes the country. Yours is different, and it is knowable. Goshen Financial reviews what you have today against what you will need, and shows you exactly where you stand and what closing the gap looks like for you.
Schedule Your Free Consultation
Whether you are approaching retirement, building for the future, or establishing a foundation for someone you love, the right structure starts with understanding your specific situation.
Common Questions
These are the questions we hear most often.
