Your Legacy Plan is Our Mission
Trinity Life and Annuity provides assistance to retirees and pre-retirees interested in safety at all stages of life. There are a number of reasons why life insurance and annuities can be valuable legacy planning tools, regardless of your stage of life.
Life Insurance for:
- Peace of mind – Knowing that you have life insurance in place will give you peace of mind, knowing that the people you love and cherish will be taken care of financially if something happens to you.
- Tax benefits – If you choose the right type of life insurance policy, the proceeds can be tax-free, which can be a huge benefit for your heirs.
- Asset protection – Life insurance policies are exempt from creditors in most cases, meaning your assets will be protected in the event of bankruptcy or other unforeseen events.
- Charity donation – You can also use a life insurance policy to make tax-deductible donations to charity organizations (up to 50% of the death benefit).
- Estate planning – A life insurance policy can also help reduce estate taxes and ensure that your beneficiaries receive the money they need when you die.
Annuities to provide:
- Peace of mind – Knowing that you have life insurance in place will give you peace of mind, knowing that the people you love and cherish will be taken care of financially if something happens to you.
- Tax benefits – If you choose the right type of life insurance policy, the proceeds can be tax-free, which can be a huge benefit for your heirs.
- Asset protection – Life insurance policies are exempt from creditors in most cases, meaning your assets will be protected in the event of bankruptcy or other unforeseen events.
- Charity donation – You can also use a life insurance policy to make tax-deductible donations to charity organizations (up to 50% of the death benefit).
- Estate planning – A life insurance policy can also help reduce estate taxes and ensure that your beneficiaries receive the money they need when you die.
Your 3 step plan to a brighter financial future
Assess Your Current Situation
Take a look at where you are today and where you want to be in the future.
Make A Plan
With your current situation in mind, work with our experts to create a tailored life insurance and annuity plan that will help you get where you want to be.
Take Action
With your plan in place, take the necessary steps
Charles Vaughn
Owner, Trinity Retirement Planning
409-658-7948
charles@trinityreitrementplanning.com
Meet Charles Vaughn
Charles Vaughn is a partner at Trinity Retirement Planners. Charles specializes in helping his clients determine the appropriate level of risk and safety during retirement in order to achieve a secure retirement. He has helped many individuals avoid significant retirement losses due to market uncertainty. Charles has been married for almost fifty years to Roxanne. They have one daughter, a great son-in-law and three brilliant, beautiful granddaughters who live close by. Charles and Roxanne are members of First Baptist Church of Friendswood and previously were members of Beaumont Bible Church and Lakeridge Bible Church. He has been the Financial Peace University coordinator, Sunday School teacher and a Deacon. Charles received a B.B.A. from Texas A&M. Below is a note from Charles on why Independent Financial Advisors will help build a more secure retirement plan.
Our Name
Our name, Trinity Retirement Planners, is a reminder of who is in charge of our life and business. When an individual works with money and finance it is easy to lose perspective and focus on the wrong things.
The Importance of Working with an Independent Financial Advisor
An independent financial advisor does not work for Wall Street or one of the big brand-name or discount brokerage financial service companies. I have seen where these companies simply do not provide true independent or unbiased advice. They may steer customers to their own proprietary investments or financial products that are the most beneficial to the company and the salesman. Advisors who work for these companies have sales quotas they must meet to keep their job. Why would anyone want to receive advice from a financial firm under those circumstances when their financial future is at stake?
In contrast, independent financial advisors are free to choose from a wide range of financial products or investments which allows them to provide their clients with objective advice. They are free to choose what is best for their client. They work in their clients’ best interests.
I have also seen that most advice regarding investing means putting most or all of your money into the stock market. This is the advice from Wall Street and discount brokerage firms as well as countless financial and investment magazines, newsletters, books, podcasts, blogs. You Tube, and television or radio shows. This is very important to understand. That is because it involves a lot of risk that most people do not understand. This risk is much greater when you are retired. Most people invest in the stock market because the so-called “financial experts” said to do it. Of course, these “experts” are the ones who benefit the most when others invest their money in the stock market. If you lose a lot of money, oh well, it’s not their money, so…
The truth is that investing in the stock market is gambling. If you don’t know the outcome, then it is gambling. As we have seen in 2022, bonds can lose money also. Let me be clear, I am not suggesting that no one in retirement should invest in the stock market. I have many clients invested in the stock market and I personally invest in the stock market. The important thing is to understand the risk and plan appropriately. It can take many years to recover losses in the market. How much time do you have in retirement to recover losses?
I have heard two things from my clients over the years:
You will get older faster than you thought you would.
You will live longer than you thought you would.
Warren Buffett’s rules on investing:
Rule #1: Never lose money.
Rule #2: Never forget rule #1