First National Bank Insurance Services

life well plannedRetirement Plans

Retirement planning is essential to securing a level of comfort for you and your family when you retire. The most important steps to a happy retirement are saving and investing your money. Whether you want to travel, pick up a new hobby, or just relax in your retirement, it's important to plan for those "golden years".

We can help you plan for your retirement with a variety of investment vehicles and insurance products.

IRAs

Individual Retirement Accounts were established by the federal government to encourage people to save for their retirement by providing a variety of tax advantages.

Traditional IRA

Contributions up to $2,000 annually may be deductible, and your earnings are not taxed until you start withdrawing money.

Roth IRA

For many people, a Roth IRA may offer greater tax savings and withdrawal flexibility than a traditional IRA. Eligibility depends on income.

Simple IRA

SIMPLE IRA plans are retirement vehicles, maintained on a calendar year basis, for small employers (no more than 100 employees earning at least $5,000 for the preceding year), which permits contributions under a qualified salary reduction agreement.

Annuities

Annuities can provide a series of payments that typically start at retirement and continue for the rest of the contract owner's life. Annuities can provide retirement income for either a fixed period of time or for the rest of an annuitant's life. Retirement income payments can begin immediately with the purchase of an annuity or be deferred to some time in the future. 

Long Term Care

Long-Term Care has been defined as "medically necessary assistance, recommended by a physician for the treatment of a chronic illness or debilitating injury on a long term basis. Recovery is usually not expected. Care is oriented toward helping a person function, not toward a cure."

Long-term care is typically not covered by your health plan, disability coverage or Medicare. Medicaid does cover long-term care, but only after you have used up your assets paying for care.


Contact us today for more information about Retirement

First National Insurance Services 

102 6th St N
Walker, MN 56484

Phone: (218) 547-3330
Fax: (218) 547-4721


30886 Second St
Pequot Lakes, MN 56472

Phone: (218) 568-5800
Fax: (218) 568-6419

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