{"id":11274,"date":"2020-07-06T10:07:27","date_gmt":"2020-07-06T14:07:27","guid":{"rendered":"https:\/\/tolic.com\/what-types-of-ira-do-we-offer-at-tolic\/"},"modified":"2023-05-12T16:06:16","modified_gmt":"2023-05-12T20:06:16","slug":"what-types-of-ira-do-we-offer-at-tolic","status":"publish","type":"post","link":"https:\/\/tolic.com\/en\/what-types-of-ira-do-we-offer-at-tolic\/","title":{"rendered":"What types of IRA do we offer at TOLIC?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"11274\" class=\"elementor elementor-11274 elementor-2441\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-50557d4e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"50557d4e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-39856d3e\" data-id=\"39856d3e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3409c425 elementor-widget elementor-widget-text-editor\" data-id=\"3409c425\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"MsoNormal\" style=\"line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">Open, transfer or consolidate your IRA with us to protect your investment.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"text-indent: .5in;line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">At TOLIC, we have been helping you manage life\u2019s unforeseen situations for more than 60 years. We firmly believe you deserve security and peace of mind when it comes to your well-being, financial stability, and family. With our IRAs, we provide you with the security and peace of mind for your retirement, with protection of your principal.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">What is an IRA?<\/span><\/p>\n<p class=\"MsoNormal\" style=\"text-indent: .5in;line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">An Individual Retirement Account (<\/span><span lang=\"ES-TRAD\"><a href=\"https:\/\/tolic.com\/en\/services\/retirement\/\"><span style=\"font-family: 'Arial',sans-serif\">IRA<\/span><\/a><\/span><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">is a savings program that can be established through a saving account with a bank, brokerage, credit union, or through an annuity contract with an insurance company.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"text-indent: .5in;line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">Contributions or premiums paid are deductible from your income tax return and earnings, or the increase in IRA value are not taxed until they are received by the taxpayer.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"text-indent: .5in;line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">An annuity is a long-term financial contract with an insurance company, with the purpose of increasing and protecting your money without risk of loss at the end of the chosen term. Similarly, it offers a guaranteed flow of income for a specific period or for life.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">It\u2019s an excellent solution for your retirement!<\/span><\/p>\n<p class=\"MsoNormal\" style=\"text-indent: .5in;line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">At TOLIC, our investment experts recommend that, if you are younger than 75 and are looking to protect, increase and sustain your retirement fund, diversify your investments or have an income that\u2019s predictable and lasts a lifetime, you should consider adding an IRA to your financial plan.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">What type of IRA is best for you?<\/span><\/p>\n<p class=\"MsoNormal\" style=\"text-indent: .5in;line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">There are different types of IRAs. TOLIC offers you two alternatives: Fixed IRA or Indexed IRA. Along with an insurance professional and trusted advisor, you can find the <\/span><span lang=\"ES-TRAD\"><a href=\"https:\/\/tolic.com\/en\/services\/retirement\/\"><span style=\"font-family: 'Arial',sans-serif\">IRA<\/span><\/a><\/span><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\"> that\u2019s right for your needs.<\/span><\/p>\n<p class=\"MsoListParagraph\" style=\"margin-left: .25in;text-indent: -.25in;line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">1.<span style=\"font-size: 7pt;line-height: normal;font-family: 'Times New Roman'\">    <\/span><\/span><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">Fixed IRA<\/span><\/p>\n<p class=\"MsoNormal\" style=\"text-indent: .5in;line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">Your investment grows based on a guaranteed interest for a specified term. Enjoy the protection of your principal, growth and guaranteed income for life.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">We recommend the Fixed IRA if:<\/span><\/p>\n<p class=\"MsoListParagraph\" style=\"margin-left: .75in;text-indent: -.25in;line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: Symbol\">\u00b7<span style=\"font-size: 7pt;line-height: normal;font-family: 'Times New Roman'\"> <\/span><\/span><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">You want to generate guaranteed interest for a specific term.<\/span><\/p>\n<p class=\"MsoListParagraph\" style=\"margin-left: .75in;text-indent: -.25in;line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: Symbol\">\u00b7<span style=\"font-size: 7pt;line-height: normal;font-family: 'Times New Roman'\"> <\/span><\/span><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">You must transfer a lump sum payment from a retirement plan, pension from a company or an IRA.<\/span><\/p>\n<p class=\"MsoListParagraph\" style=\"margin-left: .75in;text-indent: -.25in;line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: Symbol\">\u00b7<span style=\"font-size: 7pt;line-height: normal;font-family: 'Times New Roman'\"> <\/span><\/span><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">You need income for your lifetime.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">The two phases of the Fixed IRA:<\/span><\/p>\n<p class=\"MsoListParagraph\" style=\"margin-left: .75in;text-indent: -.25in;line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: Symbol\">\u00b7<span style=\"font-size: 7pt;line-height: normal;font-family: 'Times New Roman'\"> <\/span><\/span><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">Accumulation: During this phase, the money you contribute will generate interest at a fixed rate.<\/span><\/p>\n<p class=\"MsoListParagraph\" style=\"margin-left: .75in;text-indent: -.25in;line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: Symbol\">\u00b7<span style=\"font-size: 7pt;line-height: normal;font-family: 'Times New Roman'\"> <\/span><\/span><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">Income: If you wish, in this phase, the money you accumulated can be converted into a guaranteed flow of monthly payments for life.<\/span><\/p>\n<p class=\"MsoListParagraph\" style=\"margin-left: .25in;text-indent: -.25in;line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">2.<span style=\"font-size: 7pt;line-height: normal;font-family: 'Times New Roman'\">    <\/span><\/span><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">Indexed IRA<\/span><\/p>\n<p class=\"MsoNormal\" style=\"text-indent: .5in;line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">You have the potential to increase profits based on index growth and with market downturn protection. The return on your investment is linked to the performance of the stock market indexes, subject to a significant cap. Annually, investing allows you to rebalance between available indexes and a fixed interest account.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">We recommend the Indexed IRA if:<\/span><\/p>\n<p class=\"MsoListParagraph\" style=\"margin-left: .75in;text-indent: -.25in;line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: Symbol\">\u00b7<span style=\"font-size: 7pt;line-height: normal;font-family: 'Times New Roman'\"> <\/span><\/span><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">You want to participate in a portion of the increase in the stock market\u2019s potential growth by eliminating the risk of market downturn.<\/span><\/p>\n<p class=\"MsoListParagraph\" style=\"margin-left: .75in;text-indent: -.25in;line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: Symbol\">\u00b7<span style=\"font-size: 7pt;line-height: normal;font-family: 'Times New Roman'\"> <\/span><\/span><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">You must transfer a lump sum payment from a retirement plan, pension from a company or an IRA.<\/span><\/p>\n<p class=\"MsoListParagraph\" style=\"margin-left: .75in;text-indent: -.25in;line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: Symbol\">\u00b7<span style=\"font-size: 7pt;line-height: normal;font-family: 'Times New Roman'\"> <\/span><\/span><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">You need income for your lifetime.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">The two phases of the Indexed IRA:<\/span><\/p>\n<p class=\"MsoListParagraph\" style=\"margin-left: .75in;text-indent: -.25in;line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: Symbol\">\u00b7<span style=\"font-size: 7pt;line-height: normal;font-family: 'Times New Roman'\"> <\/span><\/span><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">Accumulation: The money you contribute will generate interest at a rate based on the performance of an index.<\/span><\/p>\n<p class=\"MsoListParagraph\" style=\"margin-left: .75in;text-indent: -.25in;line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: Symbol\">\u00b7<span style=\"font-size: 7pt;line-height: normal;font-family: 'Times New Roman'\"> <\/span><\/span><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">Income: If you wish, in this phase, the money you accumulated can be converted into a guaranteed flow of monthly payments for life.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">Trusting in TOLIC is being among family<\/span><\/p>\n<p class=\"MsoNormal\" style=\"text-indent: .5in;line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">We are a leading company in cancer, life, accident, illness, and annuity insurance, purely Puerto Rican and founded more than 60 years ago to serve our people. We care about our insured and identify with their needs.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"text-indent: .5in;line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">We are firmly committed to offering you the most complete insurance products. And, we remain at the forefront of our industry, to provide you flexible products that suit your needs. We want to help you face any unforeseen situation with the peace of mind that you and your family are protected.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"text-indent: .5in;line-height: normal\"><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">For more information, visit our website <\/span><span lang=\"ES-TRAD\"><a href=\"http:\/\/www.tolic.com\/\"><span style=\"font-family: 'Arial',sans-serif\">www.tolic.com<\/span><\/a><\/span><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\"> or email us to contact one of our representatives (<\/span><span lang=\"ES-TRAD\"><a href=\"&#x6d;&#97;&#x69;&#108;t&#x6f;&#58;s&#x65;&#114;&#x76;&#x69;c&#x69;&#111;a&#x6c;&#99;&#x6c;&#x69;e&#x6e;&#116;e&#x40;&#116;o&#x6c;&#105;&#x63;&#46;c&#x6f;&#109;\"><span style=\"font-family: 'Arial',sans-serif\">&#x63;&#117;s&#x74;&#111;m&#x65;&#x72;&#115;&#x65;&#x72;&#118;i&#x63;&#101;&#64;&#x74;&#x6f;&#108;&#x69;&#x63;&#46;c&#x6f;&#109;).<\/span><\/a><\/span><span lang=\"ES-TRAD\" style=\"font-family: 'Arial',sans-serif\">). And find out why, at TOLIC, we Give You More for your IRA. <\/span><\/p><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>An Individual Retirement Account (IRA) is a savings program that can be established through a savings account with a Bank, Brokerage, Credit Union or through an Annuity contract with a life insurance company.<\/p>\n<p>There are different types of IRAs. TOLIC offers two alternatives, the Fixed IRA or the Indexed Fixed IRA. Along with an insurance professional and trusted advisor you can find the IRA that is right for your needs. Learn more about the different types of IRAs and how they can benefit you.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"author":7,"featured_media":4950,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[192],"tags":[205,206,211],"class_list":["post-11274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-life","tag-anualidades-en","tag-ira-en","tag-planificacion-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What types of IRA do we offer at TOLIC? - TOLIC<\/title>\n<meta name=\"description\" content=\"At TOLIC we offer 2 IRA alternatives. 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