Creating Financial Freedom
Safe Money Retirement Experts!
Personal No-Market Risk Financial Planning
Failing to plan is planning to fail.
Building and preserving your personal wealth requires specialized attention. You get one-on-one guidance and a comprehensive financial plan that helps manage risk, improve performance, and ensure the growth and longevity of your wealth from a financial advisor who puts your needs, goals and time horizon first.
JenniferLangFinancialServices.com is a Financial Services Company that specializes in Life Insurance, Annuities, 401K Rollovers and Small Business Loan Services.
Our mission is to work to increase financial literacy across America, to provide financial planning knowledge, basic no-market risk strategies, and action steps, to help you reach your goals and pursue a future of financial independence.
Get started today with only $100 a month.
Our Goal Is To Help You Plan For Life's Events
Retirement is not an age or a date.
It’s a strategy that covers Social Security, taxes and
long-term care not covered by Medicare.
What's your strategy?
Welcome To Jennifer Lang Financial Services
You have taken your first step toward financial independence by visiting us today. We are here to help those who seek a greater understanding of their financial situations and wish to find better opportunities for themselves, their families and their businesses.
Interested in alternative solutions? Worried about Retirement? Need to begin College Planning? Need a plan for Long Term Care costs not covered by Medicare? You’ve come to the right place! Our goal is to help you find something to fit your budget and meet your needs. Take a moment to check out our services, video podcasts and webinars. Find out why families nationwide are looking to
Jennifer Lang Financial Services!
If you become too sick or hurt to work
how will you:
Pay your regular expenses?
Maintain your lifestyle?
Contribute to your qualified retirement plan?
Will you still receive any employer match on your retirement contributions?
The average disability lasts 31.2 months.
1 in 4 of today's 20-year-olds will become disabled before they retire.
What if your a self-employed business owner?
What happens to your business and employees?
A disabled worker continues to incur living expenses. As a result, disability is often accompanied by a need for increased income.
We've got a strategy that will help you protect today and tomorrow.
You have no influence over the tides or the stock market. But now you can shape your retirement future with guaranteed income. The SECURE Act offers retirees a way to secure retirement income later in life.
Protect your retirement nest egg from potential market downturns and risk with an in-service strategy. Turn some of your traditional IRA or 401(k) into lifetime income.
As of April 22, 2020, Social Security benefits will be reduced by 22%, according to the summary of Annual Social Security and Medicare Report.
A tax-efficient income strategy can add tens of thousands of dollars to a retiree's estate value and may add up to 6 additional years of portfolio longevity.
According to the Treasury Department, longevity annuities “can provide a cost-effective solution for retirees willing to use part of their savings to protect against outliving the rest of their assets, and can also help them avoid overcompensating by unnecessarily limiting their spending in retirement.”
There is a limit on how much of your retirement plan savings can go to a QLAC. An investor can spend the lesser of 25 percent of his or her retirement savings or $135,000.
A husband and wife could potentially allocate a total of $270,000 to QLACs if both had sufficient retirement accounts to justify.
What is a QLAC?
A QLAC is a Deferred Indexed Annuity that can be funded only with assets from a traditional IRA or an eligible employer-sponsored qualified plan such as a 401(k), 403(b), or governmental 457(b). At the time of purchase, you can select an income start date up to age 85, and the amount you invest in a QLAC is removed from future RMD calculations, reducing RMD taxes.
The creation of the QLAC has opened up the opportunity to defer income past age 72, the RMD start age, using tax-deferred savings like an IRA or 401(k).
QLACs address one of the biggest concerns among individuals in retirement: making sure they don't outlive their savings. After all, more than 30% of American workers aren't confident they'll have enough money to maintain their standard of living through retirement, according to the 2019 Retirement Confidence Survey conducted by the Employee Benefit Research Institute.
A QLAC delivers a guaranteed stream of lifetime income beginning on a date you select. For instance, you may purchase a QLAC at age 65 and have your payouts begin at age 75. Typically, the longer the deferral period, the higher your payout will be when you're ready to start receiving income payments.
You need to be able to count on your money being there even if there is another financial crisis. A sound distribution sequencing strategy must account for ways to minimize taxes.
Our no-market risk strategies not only allow you to protect your retirement nest egg, but give you options with products that can:
Preserve your savings with indexed growth potential.
Predictable liquidity and access for unexpected health care costs to pay for Home Health Care, Nursing Home Care and Terminal Illness Benefits.
Exclusive indices with interest crediting multipliers for increased death benefits.
Some with No Fee components available
In many ways, retirement planning today demands a higher level of attention than ever before. Workers can no longer assume that company pensions will be waiting for them once they turn 65. In fact, it is more likely that they will be responsible for securing their own financial security once they retire. And, as unease grows over the future of Social Security, most American workers must actively plan for their own retirements.
This requires making savings and investment decisions that are increasingly diverse and complex. It also requires that individuals create a comprehensive strategy for distributing assets in a way that minimizes taxes and ensures funds accumulate as long as possible on a tax-deferred basis. One additional factor—notably, longer life expectancies—also highlights the need to develop an effective asset distribution strategy that supports a longer retirement.
Mitigating the Tax Torpedo
The decision of when to take Social Security versus retirement plan benefits might change significantly if taxes are considered. A result known as the “tax torpedo” may occur, which refers to a high marginal tax rate that is potentially triggered when retirees take Social Security payments in the same year they receive income from IRAs and other taxable sources. The term “tax torpedo” alludes to the apparent unfairness of such a high tax being imposed on retirees with moderate incomes who are dependent on Social Security benefits for much of their retirement income.
The Social Security taxation formula can cause a taxpayer’s marginal income tax rate to exceed the top rate applicable to the highest income earners. Two conditions create the tax torpedo:
Income thresholds applicable to tax on Social Security benefits have not been indexed to inflation or changed since the initial laws authorizing income tax on Social Security payments over 20 years ago were enacted. Inflation has reduced these formerly high income levels to moderate income levels, thereby exposing many middle income retirees to a high marginal tax rate.
Combining taxable IRA and retirement plan income with Social Security income in the same year triggers the torpedo, causing retirees’ effective tax rates to soar.
State income taxes can also amplify the tax torpedo effect. However, the effect can be reduced or avoided by taking IRA or other retirement plan distributions first and claiming Social Security retirement benefits later. This tactic gives the Social Security benefit time to “mature,” resulting in a higher benefit later and ultimately reducing the amount of taxable income that a person will need to withdraw from IRAs and other taxable accounts during their retirement years.
Taking smaller IRA and other plan withdrawals will result in a lower adjusted gross income, which may increase the possibility that Social Security benefits will remain tax free.
Things To Remember:
IRA withdrawals can create capital gains tax
IRA withdrawals can create taxable Social Security benefits
IRA tax complications for the surviving spouse
IRA tax complications for next generation beneficiaries
Many clients, may be concerned about being pushed into a higher tax bracket during retirement and having to pay Medicare premium surcharges and taxes on Social Security benefits. As a result, they may seek a distribution strategy that uses up some tax-deferred assets first before turning age 65 in order to minimize their income. Or, they may choose to withdraw funds from tax-free accounts first in order to avoid being moved into the next tax bracket.
Consider the following example.
Consider investing for income.
After maximizing your lifetime Social Security benefits, consider income products that bridge the gap between Social Security checks and the monthly income may need.
Jennifer is amazing! You know from the first sentence that you are going to get top-quality information. She promptly found the perfect insurance policy for me. And she is a lovely person -- totally professional and a joy to talk to!
Jennifer is in a class of her own when it comes to guaranteed income retirement planning. I couldn’t believe the amount of value packed into her webinars and videos.
Working with her to develop a plan for my retirement has not only given me peace of mind, but I feel more empowered and knowledgeable after attending her webinars.
Keep up the good work!
Hi Jennifer, I don't know if I'm your youngest client or not, but as a young investor, I learned so much from your webinar, 'Hey Millennials Think Your 401k Beats an IUL'. Now I've got my tax-deferred bucket and the tax-free bucket you helped me with.
I like how you make things plain and simple. I'm sharing your videos with my friends and my mom! Nobody told me this stuff. Thanks .
I have been looking for business owner retirement planning solutions and I stumbled upon Jennifer's webinar training. I am so glad I did. I never would have thought of this strategy.
She showed me different life insurance policies that I could use as a small business owner to free up capital and fund my business retirement income.
Thanks for your help, Jennifer!
The financial educational tools on our website are guides for you to find the essential resources you can use toward your path to financial security and wealth accumulation. This is a wonderful opportunity to get to know who we are as a company and how we can make your financial dreams come true!
Take advantage of our No Charge Complimentary Consultation and let us show you how we can help you too.
Our Life Insurance Agency offers our clientele solutions for :
Have a particular challenge you’re trying to deal with? Contact us today and see what we can do for you.
Tel# 1(877) 487-8926
Texas Office Mailing Address:
Jennifer Lang Financial Services, LLC.
3139 W Holcombe Blvd, Suite 2031
Houston, TX 77025
Georgia Office Mailing Address:
Jennifer Lang Financial Services, LLC.
1700 Northside Drive
Suite A7 PMB 1019
Atlanta, GA 30318
To speak to our
Business Tax and Accounting Services Department:
Call :1(855) 838-3382
We specialize in all business needs, including:
Bookkeeping and accounting services
Payroll solutions for your growing organiztion
Help building business credit and securing loans
Personal and corporate tax preparation services
Navigating the Nevada Tax Code
Trust writing and asset protection