Ryan showed us a solution that allowed us to create guaranteed income for life using the money in Maureen’s 401(k). We loved it. What’s best is we don’t have to worry every day about what the stock market is doing because our income isn’t affected by it. And if our circumstances change, Ryan’s solution allows us to get access to our money when we need it.
Ryan and Summit Financial Partners showed us 2 great solutions. The first would create guaranteed income using the money in my 401(k). It sounded a lot like my pension which is what I liked about it. Jackie and I could use this money along with my pension money to live on during our retirement. The 2nd solution was a way I could take the bigger payout option from my pension and still protect Jackie when I passed away.
To cover the rest of expenses, I sold some property I owned. I figured I would just take what I needed on a monthly basis from the money I received from that. Ryan and Summit Financial Partners showed me a better way. By using part of the money from the property sale, I was able to create guaranteed income, which along with my pension, would be more than enough to meet my day-to-day expenses.
Ryan understood immediately how concerned we were about the stock market. When he suggested solutions that would protect us against those losses and help turn part of our retirement savings into a lifetime income, we knew we had found the right guy.
It’s a good thing I met Ryan when I did because I was going to select a pension payout option that would have left nothing for my kids when I passed away. Ryan showed me that taking a lump sum payout from pension made more sense because it left me in control of my own money, and gave me the best chance of passing some of that money on to my kids.
What was so fantastic about meeting and working with Ryan and Summit Financial is how he was able to help understand that it wasn’t just about how much money I’d managed to save. It was about how I could make sure my money could provide me with a guaranteed income for the rest of my life.