Retirement Services
Life Insurance
Uncertainties are a part of life, but your family’s financial security doesn’t have to be one of them. Life insurance is a key component of a solid financial plan, providing peace of mind knowing that your loved ones are protected no matter what happens.
Life insurance is a contract between you and an insurance company that provides a financial payout to your beneficiaries upon your passing. This payout, often referred to as the death benefit, can help cover expenses such as:
- Funeral costs
- Mortgage payments
- College tuition
- Everyday living expenses
- Debt repayment
Long-Term Care Insurance
Long-term care insurance is designed to cover the cost of these services, ensuring that you won’t have to deplete your savings or burden your family with unexpected expenses. Here’s why long-term care insurance is a smart addition to your financial plan:
- Protect Your Assets: Avoid using your hard-earned savings or retirement funds to pay for care.
- Maintain Your Independence: Choose where and how you receive care, whether at home or in a facility of your choice.
- Relieve the Burden on Family: Ensure that your loved ones won’t have to shoulder the financial or emotional stress of providing care.
Estate Planning
Estate planning is more than just writing a will—it’s about ensuring that your assets are managed and distributed according to your wishes, while minimizing taxes and legal complications. With a comprehensive estate plan, you can:
- Provide for Your Family: Ensure your loved ones are taken care of by outlining how your assets should be distributed.
- Minimize Taxes: Strategically plan to reduce estate taxes and protect the wealth you’ve worked hard to build.
- Avoid Probate: Keep your estate out of the lengthy and costly probate process, making the transition smoother for your beneficiaries.
- Plan for Incapacity: Appoint a trusted person to make financial and medical decisions on your behalf if you become unable to do so.
Annuities
Annuities are financial products designed to provide a steady income stream throughout your retirement. They offer a range of options to fit your unique financial needs and goals, helping you achieve peace of mind and financial stability.
- Guaranteed Income: Receive predictable payments for a specified period or for the rest of your life.
- Tax-Deferred Growth: Accumulate earnings on a tax-deferred basis until withdrawals are made.
- Customizable Options: Choose from various types of annuities (fixed, variable, immediate, deferred) to match your retirement plan.
- Estate Planning Benefits: Some annuities offer death benefits to support your beneficiaries.
Contact Us
If you need guidance or advice in helping you secure your financial future, then we would love to speak with you.
301.990.9170
One Bank Street, Ste 100, Gaithersburg, MD 20878
M-F: 8am-5pm, S-S: Closed
Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services through Cambridge Investment Research Advisors, Inc. a Registered Investment Advisor. Cambridge, Montgomery Financial Partners, and Nymeo Credit Union are not affiliated. Non-deposit investment products are not NCUA insured, not credit union guaranteed, may lose value. Cambridge Customer Relationship Summary.
Diversification and asset allocation strategies do not assure profit or protect against loss. Past performance is no guarantee of future results. Investing involves risk. Depending on the types of investments, there may be varying degrees of risk.
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