This week’s article out of London begins by telling us that in that city, known for “grumps and complainers”, a new study reveals that retirees with a guaranteed lifetime income stream can find true happiness.” This study related to Britain’s first-ever national happiness survey, but seems to convey a universal message, “the main one being the importance of guaranteed income in retirement.” Call us if this message resonates with you. We may have some options to consider, and are always here to help.
Did you know that there is a Retirement Income Security Evaluation Score (RISE Score™) much like a credit score on a zero to 850 scale, but for your retirement. “The purpose is to provide you with an estimated measure of income security to help you determine whether you’re on track with your current retirement income plans.” “The RISE Score is also designed to help answer this simple question: How can my retirement security potentially be improved through the addition of lifetime income solutions in my retirement planning strategy?” Call us if you are looking for additional lifetime income. We know of some options you may not know about, and we’re are always here to help.
Sometimes hindsight can provide a valuable lesson. While retirement is highly personal, I thought you might find it interesting to read the result of a study that looked back on what the financial preparations for retirement looked like. The study showed that among retirees who saved for retirement, the median age they first started saving was at age 40, and forty-six percent of those that participated in the study did not have a retirement strategy. We know how hard it is to save for retirement. Call us, we can offer out some options of where you can put your hard earned savings to provide you an income in retirement that you can’t outlive. We’re always here to help.
This week’s article tells us that “Annuities are one of the most efficient ways to generate guaranteed income. This is demonstrated through a series of three case studies which looked at combination strategies using both annuities and investments compared to traditional investments-only portfolios. The simulations found: Adding an income annuity to a retirement portfolio allows a retiree to get the same or higher income with lower risk of outliving savings than an investments-only approach; Income annuities allow a retiree to spend at a level that investments alone would be unable to match without significant risk of running out of money before age 95; Using both annuities and investments can enhance the value of assets for heirs over the long term. Ultimately, the research showed income annuities can help to better meet client goals in retirement than an investments-only approach in most situations.” Call us if you would like to become more efficient in your retirement planning. We’re always here to help.
I read an interesting study the other day that I thought to share with you. The study discussed something that we may incorrectly assume will happen as we continue to plan for our retirement, and that relates to keeping in mind that if you plan to continue to working through a certain age and beyond in order to continue to save for retirement, planning on working doesn’t equate to a guarantee that you will in fact keep your job. Call us to discuss some options that can help you navigate the risks and offer out some assurances that are necessary in order to plan realistically. We’re always here to help.
“Every retirement is different, each with its own financial plan and unique needs, but many of today’s retirement goals include achieving asset protection, growth opportunities, and a reliable income source. Fixed index annuities are a long-term retirement product that have helped many Americans plan for income in retirement and balance their retirement portfolios with benefits like principal protection, tax-deferred growth and guaranteed income that cannot be outlived.” If your goals align with what this week’s article tells us, give us a call. We are always here to help.
I read a flyer the other day that caught my eye. It said “Losses can be recuperated but time cannot.” So true. What to do when losses have been incurred but you are later on in years can be a stressful situation to confront. We can help explain the role that a Fixed Index Annuity can play in helping you to move on from this stress. In the meantime, we thought you might want to look at some charts that show historically “the power of protection and value of time saved in recouping from index volatility.” Call us, we’re always here to help.
This week’s article poses a familiar scenario and then tells us our choices in a very simple way: “Let’s say you have built up a retirement fund of $250,000 by the time you are age 65. Few of us realize that we have to make that money last for perhaps 20 or 30 years after we stop working” The author tells us that there are two ways to make your fund last for the rest of your life: you can make withdrawals that you guess and hope will last for the rest of your life, or you can take some of your money and buy an annuity that will provide you with guaranteed income payments for the rest of your life. Which are you thinking of doing? Call us if you’d like to talk about some options you may not have considered. We’re always here to help.
This week’s article discusses three retirement savings factors relating to why it is different for women in retirement. While many of us may already have reflected on a female being projected to live longer than a male, we may not have noted that “women often face bigger challenges in retirement because of leaving the workforce to raise children or care for elderly relatives.” This challenge is often compounded by the reported likeliness of women who “place general costs, paying off debts and housing costs as a higher priority” than saving for retirement. These are issues that may effect all of us. Call us if you would like to discuss coming up with some ideas to better integrate savings into your retirement planning. We’re always here to help.
“An annuity can be a very smart retirement investment for many people. That’s not just because an annuity can provide a secure revenue stream — a monthly check — for the rest of your life, no matter how long you live.” The author of this week’s article tells us that “in general, most people should avoid “variable” annuities because they have high costs and their tax benefits are often overstated.” “But true lifetime ”fixed” annuities do make a lot of sense” and there are criteria to educate you on how to purchased them. If you’d like to learn more, let us know. We’re always here to help.