MISUNDERSTOOD

I found this week’s article interesting and thought to share it with you as it addressed some basic principles of a long-term retirement option. “Let’s start with defining FIAs. These products are long-term retirement options purchased from an insurance company that guarantee principal protection, tax-deferred growth, and reliable income.” If you would like to talk about how this guarantee, growth and income might fit into your retirement planning, call us. We’re always here to help.

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WHY YOU NEED TO KNOW

I thought you might want to read this week’s article because it was very direct about why you need to know how Annuities work. The author states that the reason is because “90% of [retirement] planners” recommend them. Why is that? We think it is because “the stock market has become a part of our daily conversation – the deal is everyone is supposed to be building retirement assets. Okay, so you build your assets, but how do you make sure that you don’t outlive them?” The answer often involves an Annuity. Call us if you would like to understand how some Annuities works, and if they might be right for you. We are always here to help.

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SLAM DUNK

This week’s article discussed strategies for “when your bucket list doesn’t match your budget” in retirement. Is that true for you? One idea discussed related to annuities where the author stated that “Most importantly, to generate guaranteed income in retirement, annuities are a slam dunk.” Because there are so many kinds of annuities out there, call us, we may be able to help you sift through your options and come up with some ideas that best suit your goals and finances. We’re always here to help.

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ARE YOU ONE IN FIVE?

Would it surprise you to learn that one in five Americans have absolutely nothing saved for retirement?

This week’s article tells us that “As of right now, nearly 90% of Americans admit that they are not very confident about their retirement preparedness.” How are you feeling about your retirement? Call us if you would like to discuss some options that might be available to you. We are always here to help.

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NO BETTER TIME THAN THE PRESENT

This week’s article speaks to the fact that “living comfortably in retirement is indeed possible”. To achieve this goal, it is important for retirees to develop a “strategic plan that allows stability in their golden years to be reality”. This is not a one-size-fits-all process. Call us if you would like to discuss ideas that may fit your goals, needs and lifestyles. We are always here to help educate you about options you may not be aware of.

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CONSIDER YOUR FUTURE OBLIGATIONS

Annuities are usually discussed in the context of planning for retirement, but have you ever considered the use of an annuity to meet other types of future obligations or needs? This week’s article does just that when it discusses the use of an annuity to ensure an ex-spouse’s obligation for future alimony payments. There are so many types of future obligations that each of us has, whether it be retirement or education, or in the case of this article, alimony, it might be a good idea to consider if an annuity can help meet them. Call us if you’d like to talk about some options that might be available to you. We’re always here to help.

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A SIMPLE WAY

This week’s article discusses how most people crave guaranteed income in retirement. In fact “six in 10 people ages 55 and older place a value on having guaranteed income to supplement what they’ll get from social security”. Survey responders in the article said the “benefits of extra assured income include protection against outliving your savings, peace of mind and greater assurance you’ll be able to maintain your lifestyle in retirement.” Call us if this interests you. We are always here to help, and make the complicated easier to understand.

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RETIREMENT COMMUNITY RETIREMENT INCOME

We often think of retirement communities as providing us only with housing and perhaps a few amenities. This past week I came across one that offered out an analysis on Annuities. The reason being that many seniors who have retired are looking for income they can’t out live, and that is one feature of a Fixed Indexed Annuity. “In today’s volatile climate, investments seem to be wading in uncertain waters. Even one-time solid choices like blue-chip stocks are swimming in rough seas. Because of this, investors sometimes examine a myriad of possibilities to secure or help their money grow.” While the market may go up and down, what does seem to be a certainty is a retirees desire to know, and to know for sure, that they have enough money coming in. Call us if you’d like to discuss some options that may help get you to a point of enjoying the days to come and not worrying. We’re always here to help.

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NOW THAT IT IS MAY

Now that it is May and tax season is behind us, it may be a good time to reassess how retirement has impacted or will impact your living expenses. This week I thought to share with you a chart that may help you with this assessment. “Your living expenses may increase or decrease at retirement but will likely not stay the same.” You can use this calculator to help compare living expenses that you have now to the day that you will retire. This may help you to plan your savings requirements accordingly. Call us if you need help in doing this analysis. We’re always here for you.

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CAN AN UP MARKET SINK YOUR RETIREMENT?

This week’s article made me think about the old adage “What goes up must come down.” Getting older always seems to involve a race against time, and if you know that you have to live off of your savings in retirement, what do you do if there if there is a decrease in your nest egg when you have run out of time to try to make any losses back? Go back to work? Spend even less than you are now? When things are good it is human nature not to remember the risks, even though they are still there, just not actualized. “Fixed indexed annuities are one of several tools that you can use to limit downside risk. You may want to reassess your strategy to see if you can implement these tools. Investing in retirement or even in the years just before retiring always presents a difficult challenge. On one hand, you need to continue growing your assets so you can fund your lifestyle and fight inflation. On the other hand, you want to avoid significant declines because you may not have time for your investments to rebound. One way to protect against this risk is to use tools that offer upside potential but limit downside risk exposure. For example, fixed indexed annuities give you the ability to earn returns based on market performance without experiencing downside market loss. In a fixed indexed annuity, you earn interest every year. The interest rate is based on the performance of an underlying index, like the S&P 500. If the index performs well, your rate may be higher. If it performs poorly, your rate may be lower. However, these policies always have a guaranteed minimum rate, so you will never lose money even if the index declines in value.” Call us if you want to talk about options that limit your risk exposure. We’re always here to help.

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