Midwest Financial is here to help you build a secure future with a personalized retirement plan.

Retirement Planning

We all hear people talk about "retiring well", but what does that really mean? 

Retiring well means more than just leaving the workforce—it’s about achieving financial security, peace of mind, and the freedom to enjoy life on your terms. A well-planned retirement ensures that you have a stable income, quality healthcare, and a strategy to protect your assets, so you can focus on what truly matters—spending time with loved ones, pursuing passions, and maintaining your desired lifestyle. It’s about making informed choices today that will allow you to live comfortably and confidently in the future.

Whether it’s maximizing Social Security, securing the right Medicare coverage, or planning for long-term care, a solid retirement plan gives you the confidence to embrace this next chapter without financial worry.

Retiring well isn’t just about stopping work—it’s about creating a life you love, free from uncertainty and full of possibilities.

What are the 6 biggest retirement risks?

Protection Risk

 An untimely death or accident can create additional stress and financial pressure on our loved ones if we don't plan ahead. 

Market Risk

A single 20% or 30% market crash can not only hurt your account balances, but it can cause you to run out of money years sooner than you planned.

Tax Risk

It is important to plan for the tax liability that comes with retirement income in qualified plans like IRAs and 401(k)s.

Health Care Risk

Long-term health care costs can be one of the largest expenses in retirement, making it essential to have a plan in place to protect your nest egg and ensure that your family is not burdened by significant healthcare costs.

Income Depletion Risk

Will your nest egg provide enough income to give you the retirement you want, for as long as you live? Let's make sure it does!

Longevity Risk

We all want to live a long, prosperous life, but "longevity" is the great risk multiplier in retirement. It is important that you appropriately plan for that risk.

As you navigate the path to a financially secure retirement, annuities can provide key protections and income strategies that help reduce risk and support long-term peace of mind.

Fixed Annuities

Guaranteed Growth and Protection

Fixed annuities offer a reliable way to grow your retirement savings without market exposure. They provide a guaranteed interest rate for a specific period, protecting your principal from market downturns. This makes them an appealing option for those who value predictability and want to safeguard a portion of their nest egg while still earning modest returns.

Growth Annuities (Fixed Indexed Annuities)

Upside Potential with Downside Protection

Growth annuities, often referred to as fixed indexed annuities, offer the potential for higher returns by linking your gains to the performance of a market index (like the S&P 500) while protecting your principal from losses during market declines. This hybrid approach makes them a valuable tool for balancing growth potential with risk mitigation in retirement planning.

Lifetime Income Annuities

Income You Can’t Outlive

Lifetime income annuities convert a lump sum into a predictable income stream that continues for life. These annuities help reduce longevity risk—the risk of outliving your assets—by ensuring you’ll always have money coming in, no matter how long you live. They can serve as a foundation for covering essential living expenses during retirement.

Single Premium Immediate Annuities (SPIAs)

Immediate, Guaranteed Income

SPIAs are a type of lifetime income annuity purchased with a single lump sum that starts paying income almost immediately, often within 30 days. They are ideal for retirees who need dependable, consistent income right away and want to turn a portion of their savings into a steady paycheck for life or a fixed period.