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Tim Dern, Retirement Income Certified Professional, and Managing Partner w/ Mana Financial Group Interviewed on the Influential Entrepreneurs Discussing Asset Allocation

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Tim Dern, Retirement Income Certified Professional, and Managing Partner w/ Mana Financial Group Interviewed on the Influential Entrepreneurs Discussing Asset Allocation

Published on July 18, 2023

Tim Dern discusses if a fixed Index Annuity can be part of a retirement plan.

Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-tim-dern-retirement-income-certified-professional-and-managing-partner-with-mana-financial-group-discussing-asset-allocation/

A fixed index annuity (FIA) is an insurance product designed to provide retirement income that grows over time. With an FIA, the money can grow based on the performance of an underlying market index, such as the S&P 500, without directly participating in the stock market. While FIAs offer some potential for growth and protection from the downside risk of the stock market, there are also important drawbacks to consider before investing in one.

When deciding if an FIA should be part of a retirement plan, people should understand what type of return it provides. The amount of growth they get with an FIA depends on how much people invest and how well the underlying index performs during each contract year. It’s possible to earn interest credits as high as 6-7% in a contract year, but they won’t be able to access this interest until the end of the term. Also, depending on the FIA, there may be caps or spreads that limit how much they can earn.

In addition to potential return, it’s important to consider whether an FIA meets people’s needs for liquidity. Generally speaking, FIAs don’t provide immediate access to cash if they should need it and surrender charges may apply if they withdraw funds before the end of the term. Furthermore, certain fees and expenses associated with FIAs can significantly reduce their total return over time.

When considering an FIA for a retirement plan, it’s essential to understand any restrictions on when and how much money can add or withdraw. This should be outlined in the contract and it’s important to weigh these restrictions against the financial needs.

Tim explained: “Overall, a fixed index annuity may be an appropriate choice to include as part of a retirement plan if people are looking for potential growth and protection from downside risk without direct participation in the stock market. It’s crucial to fully understand all aspects of an FIA before investing in one, including its limitations on liquidity, fees, caps, and other restrictions. By considering all factors carefully, people can make an informed decision about whether an FIA is right for their retirement plan.”

Also, it’s important to understand the different types of FIAs available. While some may be invested in a single index like the S&P 500, others are multi-index products that give exposure to several indices for more diversified growth potential. There are also deferred annuities that provide an opportunity to grow money over time without giving up access to it until a later date. Each type of FIA has its own unique features and risks that should be taken into account when making an investment decision.

While FIAs can help maximize a retirement income, they carry certain risks as with any other financial product. It’s important to consult with a qualified financial professional who can help to evaluate the potential benefits and risks associated with an FIA in order to make an informed decision.

In conclusion, a fixed index annuity may be worth considering as part of a retirement plan. However, it’s essential to understand the product’s features, limitations, fees, and other restrictions before investing in one. With the right guidance and by researching different types of FIAs thoroughly, people can decide if this product is right for them.

 

About Tim Dern

Tim Dern, with decades of experience in the industry as 65 securities licensed professional, brings a wealth of expertise to his clients. Unlike traditional broker-dealer models, his fee-based approach puts you first. He leads a private wealth team, offering top-notch asset management services with a focus on retirement strategies.

As an RICP (Retirement Income Certified Professional), he is uniquely skilled in creating customized plans that maximize your income during retirement. His impressive portfolio includes AUM, Fixed Index Annuities, IUL, Medicare Supplements, Advantage & Drug Plans, and more.

But what truly sets him apart is his dedication to education. As an NSSA (National Social Security Advisor), he offers educational seminars on social security, Medicare, proper asset allocation, Roth conversion, and tax-saving strategies. And for those unable to attend in person, he hosts online webinars nationally – using Facebook ads to reach a wider audience.

With his unparalleled knowledge and commitment to your financial success, he is ready to help you plan for a secure future. Contact us today to schedule a consultation and experience the difference for yourself.

 

Learn More: https://www.manafg.com/

Recent news and interviews:

Tim Dern Social Security: https://authoritypresswire.com/tim-dernretirement-income-certified-professional-managing-partner-w-mana-financial-groupinterviewed-on-the-influential-entrepreneurs-podcast-discussing-social-security/

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Frank Tobin, Executive Chairman of GomSpace North America, Discusses Partnering for Faster and More Assured Mission Success on The Space Industry Podcast

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3 days ago

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September 29, 2023

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Frank Tobin, Executive Chairman of GomSpace North America, Discusses Partnering for Faster and More Assured Mission Success on The Space Industry Podcast

Published on September 29, 2023

Low Earth Orbit (LEO) is becoming an increasingly difficult place to do business. In his recent appearance on The Space Industry Podcast, Frank Tobin, Executive Chairman of GomSpace North America, shares his belief that the fastest path to a successful LEO satellite deployment in this competitive environment is through collaboration.

A new race to space is happening right above our heads. But the destinations targeted today are not the Moon or Mars. Instead, entrepreneurs, nation states, and large corporations are sending small satellites into Low Earth Orbit (100 to 1,000 miles altitude) to track weather, provide broadband Internet access and telecommunications, support the Internet of Things (IoT), and perform military and security functions.

With so many potential LEO opportunities available, a gold rush mentality has driven scores of entrepreneurs and hundreds of millions of dollars of capital into the sector in recent years. Now, as the market begins to mature, investors are becoming more focused on rapid paths to profitability and less upon innovative technologies.

“The capital markets are no longer interested in funding science projects,” stated Frank Tobin, Executive Chairman of GomSpace North America on The Space Industry Podcast. “They are looking for business models that can be ramped up quickly and achieve cash flow positive status in a reasonable period of time.”

“This is why it’s critical that every company or agency planning a satellite mission focuses on their core technological competencies,” Tobin continues, “And outsources to flight-proven partners the nuts and bolts of building, launching, and managing one – or a constellation of – satellites. The sooner you can demonstrate in-orbit experience, the less equity you will have to give up in exchange for capital. Partnering accelerates that process.”

Listen to the interview:
Frank Tobin’s appearance on The Space Industry Podcast is the first in a series of such interviews he will be granting in the coming weeks and months to communicate his message of the power of partnering in space.

To listen to Tobin’s guest interview on The Space Industry Podcast, click this link.

About GomSpace North America
GomSpace is a manufacturer and operator of nanosatellites for customers in the defense, academic, government and commercial markets. GomSpace’s services include systems integration, nanosatellite platforms, constellation operations management and miniaturized radio technology.

About The Space Industry Podcast
The Space Industry Podcast features stories, educational material, and behind-the-scenes views into the real-world activity in today’s space industry. It is produced by satsearch – the global marketplace for space – which helps engineers from across the global industry find information on suppliers, products, services, and capabilities at all levels of the supply chain.

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BINE INTERNATIONAL Announces Dubai Investment and Networking Event (DINE 2023) at JW Marriott Marquis Hotel

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4 days ago

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September 28, 2023

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BINE INTERNATIONAL Announces Dubai Investment and Networking Event (DINE 2023) at JW Marriott Marquis Hotel

Published on September 28, 2023

BINE INTERNATIONAL Announces Dubai Investment and Networking Event (DINE 2023) at JW Marriott Marquis Hotel

Dubai, UAE – 9/28/2023– BINE INTERNATIONAL is thrilled to announce the highly anticipated Dubai Investment and Networking Event (DINE 2023), scheduled to take place at the luxurious JW Marriott Marquis Hotel on December 16, 2023. This prestigious event is poised to facilitate investment and collaboration among companies and industries, with a special focus on bolstering small and medium enterprises (SMEs) under the theme “Growing Businesses through Investment Collaboration.”

DINE 2023 is set to create a dynamic business ecosystem, benefiting both local and international entrepreneurs, while reaffirming its strong commitment to supporting SMEs and recognizing their pivotal role in driving economic growth and innovation. The event aims to provide SMEs with a platform to connect with potential investors, expand their networks, and explore new growth opportunities, ultimately catalyzing economic development, creating job opportunities, and fostering a sustainable business environment.

Highlighting various investment opportunities in sectors such as technology, energy, infrastructure, agriculture, and tourism, DINE 2023 will bring together entrepreneurs, investors, and decision-makers from both regions. The event’s emphasis on networking and fostering meaningful business relationships will be a key feature, with interactive sessions designed to facilitate connections and collaborations, enabling participants to engage with industry leaders, experts, and policymakers to exchange ideas and best practices.

DINE 2023 boasts a diverse lineup of industry experts and thought leaders who will share their insights on investment strategies, market trends, and innovative business models. Guided by a shared vision for growth, these sessions will inspire attendees to think beyond boundaries and explore new avenues for business development. By promoting innovation and thought leadership, DINE 2023 aims to ignite a spirit of entrepreneurial excellence and propel business growth.

The Dubai Investment and Networking Event (DINE) 2023 stands as a testament to the unwavering commitment to fostering a thriving business ecosystem that benefits all. Through collaborative efforts, investment opportunities, and networking, DINE 2023 is dedicated to supporting SMEs and driving strategic investments. With the stage set for this groundbreaking event on December 16, 2023, entrepreneurs, investors, and industry leaders are eagerly anticipating an inspiring and transformative experience at DINE 2023.

For registration and further information, please visit https://www.bineint.com/register.

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Miriam Divinsky, Ph.D., Spiritual Advisor, Launches Book on Amazon Titled: “Playing The Game Of Life And Business To Win: Search For Truth And Enlightenment.”

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4 days ago

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September 28, 2023

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Miriam Divinsky, Ph.D., Spiritual Advisor, Launches Book on Amazon Titled: “Playing The Game Of Life And Business To Win: Search For Truth And Enlightenment.”

Published on September 28, 2023

Dr. Miriam is a spiritual advisor and mentor to entrepreneurs and business owners. Her mission is to help transform her clients’ work and lives to realize their full potential. Dr. Divinsky is the Founder and President of Authentic Life Center, Inc. She is listed in “America’s Best Therapists” and has been featured in “Who’s Who: National Registry” and “Who’s Who in American Women.” Dr. Miriam Divinsky is a Lifetime International Association of Counselors and Therapists member. Dr. Miriam Divinsky is a Lifetime Member of International Association of Counselors and Therapists.

Divinsky launched her brand new book on Amazon and Kindle and hit several Best-Seller lists on Amazon.com within 24 hours of release, achieving #1 in Knowledge Capital, #1 in Divination and Personal Growth, and #6 in Personal Success and Spirituality.

Divinsky said, “This book is the clearest blueprint to align your Outer Game of Success with your Inner Game. The alignment of these two Games allows you to have a truly successful professional life AND a happy and fulfilling personal life. The information in this book will transform your awareness, intentions, actions, and results so that you can be who you were always destined to be.”

Miriam continued, “My mission is transforming my clients’ lives to meet their Destiny and to live to their full potential. I started many years ago with a desperate need to understand the meaning of my life and to find the Truth that would set me free to live without the limitations of sheer mortality. The search for Truth took many turns over many years in two countries: Russia and the United States. I always felt that my life was a bridge by which my clients could cross from the constriction of naive materialism to the freedom of full realization of human Destiny—the realization of the Truth of who we truly are—an expression of Infinite Spirit in human form. In this instructional book, I am sharing the most fascinating and practical information that allows you to change your life physically, emotionally, mentally, and spiritually.”

Connect with Dr. Miriam Divinsky: www.Miriam360.com
Purchase a copy of her book: https://www.amazon.com/dp/B0CJ8CQQ7J

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