The Robert Mooney Insurance Agency represents and sells Allstate financial products insurance products that will help policyholders protect themselves, their family and assets, as well saving money for their retirement. There are many products that will assist you in planning the future for you and your family.
An annuity is a contract between the policyholder and their insurance company that allows the insurance company to invest money on the policyholder's behalf. Depending on the type of annuity purchased, the policyholder may receive regular payment based on your financial goals. Income acquired from annuities is not taxed until withdrawn from the contract, making annuities a viable retirement savings tool.
Fixed annuities are considered a safer investment that yields a guaranteed minimum level of return. This type of annuity offers a guaranteed interest rate for a fixed period of time. Click here to learn how fixed annuities work and if a fixed annuity is right for you.
Fixed annuities are considered a safer investment that yields a guaranteed minimum level of return. This type of annuity offers a guaranteed interest rate for a fixed period of time. Click here to learn how fixed annuities work and if a fixed annuity is right for you.
Individual Retirement Accounts (IRAs) allow policyholders to save money for retirement with specific tax advantages. An IRA is a collection of investments that may include Certificates of Deposit (CDs), annuities and other financial products.
There are three types of annuities:
The Robert Mooney Insurance Agency can help you open a new IRA, consolidate IRA, execute a rollover, convert a traditional IRA to a Roth IRA and assist you with your broader retirement savings needs.
Click here to learn more about whether you should consider a traditional IRA or Roth IRA.
There are three types of annuities:
- Traditional IRA: Contributions to a Traditional IRA may be tax deductible, meaning the policyholder will pay taxes on the money when it is withdrawn from the account.
- Roth IRA: The policyholder pays taxes on the contributions made to a Roth IRA when the money is deposited but does not pay taxes on any of the profits earned before withdrawing from the account.
- Rollover IRA: A Rollover IRA works for policyholders who currently have a 401(k) or other retirement plan and want to move the money without paying penalties.
The Robert Mooney Insurance Agency can help you open a new IRA, consolidate IRA, execute a rollover, convert a traditional IRA to a Roth IRA and assist you with your broader retirement savings needs.
Click here to learn more about whether you should consider a traditional IRA or Roth IRA.
Call (972) 564-9552 today to learn how the Robert Mooney Insurance Agency can help you determine which financial products are best for you and your family.