The Mires Agency logo — a two-peak mountain inside a circleMIRESAGENCYFuture Planning

Why It Matters

Why choose Retirement Insurance?

Guaranteed Income for Life

Annuities provide guaranteed monthly income that you can't outlive. Create your own personal pension.

Tax-Deferred Growth

Accumulate wealth on a tax-deferred basis. Pay taxes later when you're in a potentially lower bracket.

Protection from Market Risk

Fixed and indexed annuities protect your principal from market downturns while offering growth potential.

Multiple Income Options

Choose immediate or deferred income, lifetime payments, or period certain. Flexible to match your needs.

Legacy Planning

Leave remaining funds to beneficiaries. Some products offer enhanced death benefits for heirs.

No Contribution Limits

Unlike 401(k)s and IRAs, annuities have no annual contribution limits. Save as much as you want.

How It Works

A simple four-step process.

STEP 01

Schedule Consultation

Meet with Alek Mires to map your retirement date, existing accounts, Social Security timing, and income gap.

STEP 02

Compare Quotes

We'll compare fixed and fixed-indexed annuity contracts and IUL designs from top-rated carriers.

STEP 03

Quick Application

Complete the contract and, if you're rolling over a 401(k) or IRA, we handle the transfer paperwork with you.

STEP 04

Get Protected

Your contract is funded, growth begins, and you have a guaranteed income stream scheduled for retirement.

Coverage Details

The specifics, in plain English.

What's Covered

  • Guaranteed lifetime or period-certain income payments
  • Tax-deferred accumulation on contributions
  • Principal protection in fixed and indexed contracts
  • Death benefit for remaining contract value

Who Should Get This

  • People within 10–15 years of retirement
  • Anyone with a 401(k) or IRA to roll over
  • Savers who've maxed out qualified plan limits
  • Retirees worried about outliving their savings

Cost Factors

  • Contribution or rollover amount
  • Age and when income payments begin
  • Fixed vs. indexed contract design
  • Optional income and death benefit riders

Quick Facts

Approval Time
Typically 1–3 weeks including transfers
Income Options
Immediate or deferred; lifetime or period certain
Contribution Limits
None on non-qualified annuities
Market Losses
Principal protected in fixed and indexed contracts

Questions

Frequently asked questions.

What exactly is an annuity?

It's a contract with an insurance carrier. You contribute a lump sum or a series of payments, the money grows tax-deferred, and the carrier later pays you an income stream — for a set number of years or for the rest of your life.

What's the difference between fixed and indexed annuities?

A fixed annuity credits a declared interest rate. A fixed-indexed annuity credits interest based on an index like the S&P 500, subject to a cap or participation rate, with a 0% floor so you never lose principal to market drops.

Can I roll over my 401(k) or IRA?

Yes. Qualified funds can be transferred directly into an annuity without triggering a taxable event. We coordinate the paperwork so the money never passes through your hands.

What if I need my money early?

Most contracts allow penalty-free withdrawals of around 10% per year after the first year. Larger withdrawals during the surrender period incur a declining surrender charge, and IRS penalties may apply before age 59½.

How does an IUL fit into retirement planning?

A properly funded indexed universal life policy builds cash value you can access through policy loans, which are generally tax-free and don't count as provisional income against Social Security. It complements, rather than replaces, your qualified accounts.

What happens to the money when I die?

Any remaining contract value passes to your named beneficiaries, and some contracts offer enhanced death benefit riders. This avoids probate in most cases.

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