It is not difficult to understand why, as this week’s article reports “Americans routinely report anxiety about money, particularly middle-aged people,” especially when they begin to think about retirement. In this day and age where loss of jobs is a reality, and escalating expenses are a given, experiencing stress about the logistics of how we can be assured of having the money we need to pay our expenses in retirement ends up creating free-floating anxiety that is often difficult to contain. Call us if you’d like some help in coming up with solutions. We’re always here to help.
Someone asked me the other day to explain to them what a “Replacement Ratio” meant and so I thought to share this with you. Typically the phrase refers to the percentage of pre-retirement income you will need to generate once you stop working in order to maintain the same standard of living you had while you were employed. The percentage is usually quoted as anywhere from 70% upwards of 90%, with high-earners having to rely more heavily on savings as opposed to social security. Take a look at this week’s publication and if you have any questions, give us a call. We’re always here and perhaps can help with suggestions of options that will give you a source of income in your retirement years.
This week’s article tells us “Whether your retirement is 20 years away or two, it’s good to see you are not leaving it to chance. Retirement could last decades, so it’s smart to look into ways to grow and protect your nest egg for the long run. Fixed Indexed annuities (FIAs) can help make the next big thing possible.” Call us, we are always here to help you prepare.
When was the last time you thought about retirement in terms of the pleasures it could bring you instead of in terms of the fear of having enough money to last? I thought about that when I read this week’s article which asks “What City Fits Your Retirement Soul, and Budget”. It is an unfortunate reality that we must factor into our retirement planning our retirement budget. But, we may have some ideas that can help you get to where you would like to go. Call us, we’re always here to help.
I really liked this week’s article because it reflected a conversation I had with a friend the other day. We were discussing how retirement cash flow needs have so much to do with where you live. And if we work backwards and see how much money we have saved, and try to factor in the income we can generate off of it we get a better idea of what living within our means really means. It is easier when a retiree has income they can count on, as opposed to guessing the impact the market may have had on the nest egg principal. Call us if you’d like more information on products that do generate an income you can count on, without eroding the principal at all. We’re always here to help.
What are the options for obtaining a steady stream of income when we are elderly and really need it? This week’s article discusses how “an annuity can ensure that a retiree is able to afford assisted living. Immediate annuities promise a steady stream of payments, no matter how long you live.” Our needs will vary and be diverse the older we become. Call us if you are in the process of evaluating where you stand in terms of having enough of an income, and an income you won’t outlive. We’re always here to help.
This week’s article hit the nail on the head when it referred to FIAs as a “good long-term relationship for all”. The author cited five good reasons why you should “love a FIA”: 100% Principle Protection, Balance, Growth Potential, Guaranteed Lifetime Income and Tax Deferred Growth. Take a look and let us know if you think these features have a place in your retirement planning. We’re always here to help.
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.
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.
If you are anything like me, you become frustrated when financial conversations around you include terminology that everyone assumes you understand. While it is an understandable language to say that we are all probably concerned with how to fund our retirement years, what is not so well understood is the difference between a fixed and a variable annuity. The difference can become even more important when one is deciding what kind of risk to the principle amount invested that they want to take. This week’s article tells us that “with a fixed annuity, the owner is guaranteed at least a minimum rate of investment return. The insurer declares a specific credited rate of return based on the investment performance of its general account assets.” If you think a product with a guaranteed minimum rate of investment return is of interest to you, give us a call. We’re always here to help.