Did you know that by the year 2020 there will be more than 1 billion people over the age of 60 years old worldwide? That’s what I read in this week’s article which also said that “more older people around is not a bad thing”. However, one of the difficulties of getting older is determining where we will obtain the income that we will need to retire. Call us as we have some ideas for ways to obtain an income stream you can’t outlive. We’re always here to help. Click Here to Read Full Article
Sometimes it is a good idea to review your retirement planning strategy and ask yourself if you are taking action that is sufficient to avoid some common pitfalls. This week’s article reminds us of six: waiting too long to save, not taking advantage of “Free Money”, underestimating medical expenses, lack of balance in your portfolio, relying on Social Security only, and retiring too early. If any of these are of concern to you and you would like to discuss options that may be available to you, call us. We’re always here to help. Click Here to Read Full Article
We have often spoken about how surveys “find Americans are most afraid of their money running out before their life runs out.” But this week’s article states that “they’re equally afraid that while they are alive, they won’t have the funds to enjoy their life and cover basic necessities.” Despite these fears, it is important to take action. “Those who plan for retirement save 3x more than those who don’t.” Call us if you would like to hear about some options you may not have considered in planning for your retirement. We’re always here to help. Click Here to Read
We’ve spoken in the past about having adequate income during retirement, and have from time to time provided tools for estimating future financial needs. That’s why I found interesting this week’s article which concerns the role that debt can play in those calculations. The article references a nonprofit think tank study, out last year, “showing that 80% of boomers had debt and the median amount was a little over $70,100.” If you find yourself trying to evaluate your future income to cover anticipated needs, and would like to discuss options for income during retirement that you can’t outlive, call us.
“Life is unpredictable.” This comment caught my eye in an article I read concerning “different retirement products and savings strategies that seem to be everywhere we look these days.” The article stated that there’s one retirement product that is making headlines and that is Fixed Indexed Annuities. “Did you know that by incorporating a Fixed Indexed Annuity into your portfolio, you can generate guaranteed lifetime income?” Call us if you think this goal is part of your retirement planning strategies. We are always available to answer whatever questions you might have. Click Here to Read Full Article