The article I want to share with you this week resonates with a topic that I discuss often with my senior clients; the impact of the US Economy on them. This week’s article writes that a new study confirms senior citizens have their “backs to the wall financially. With the threat of financial ruin so prevalent, seniors need to take concrete measures to protect their financial health. That’s not a luxury–it’s a necessity.” Call us if you would like to discuss this. We’re here to come up with options that may help you in the long term.
I wanted to share this week’s article with you because it discusses a topic we are always confronted with; a changing world that presents us with “many opportunities but also with uncertainties and obstacles which impact our financial planning and long-term financial security. Cast-iron government and employer retirement benefits are less prevalent than before, and have given way to a more individualistic approach based on personal responsibility.” Call us to discuss what options we think might best suit planning for your individual long-term financial security. We’re always here for you.
I enjoyed this week’s article and thought to share it with you because it included a long list of what the author called “pertinent facts about annuities”. One item in particular caught my attention because I could not think of a more simple way to describe the reasoning behind an annuity. The article said “Life insurance guards against the risk of dying too soon, while annuities guard against the risk of living too long.” Have you ever thought that purchasing life insurance is done almost routinely and without question, probably because we tend to think of others before we think of ourselves. Now think about an annuity. Isn’t it time we focus on funding our life as much as we focus on providing for those we may leave behind? Call us. We’re here to help.
This week’s article discusses in some detail the role of Annuities in retirement planning, and uses Teachers as an example. “Teachers are among the hardest working professionals and have the unique responsibility to prepare our younger generations for the future. And, as educators across the country go back to school for another year, it’s a good time to give some thought to what life should be like for teachers once they’re outside of the classroom and on to retirement.” Regardless if you are a teacher or not, it’s always a good idea to reflect on each of our individual retirement planning and the role Annuities can play. Call us if you have any questions. We’re here to help.
I always enjoy reading articles that provide reminders of some retirement pitfalls to avoid. This week’s article identifies four: “Not Saving Early Enough”, “Understanding How Long You Will Live”, “Not Taking Into Account Healthcare Costs” and “Lack of Balance in Your Portfolio”. For the last pitfall the author writes “It’s important to have a balanced and varied retirement portfolio in order to reduce risk. One common pitfall is relying too heavily on one savings vehicle – it will be difficult to obtain consistent growth if your portfolio lacks diversity. For example, one product that can nicely supplement a 401(k) is a Fixed Indexed Annuity (FIA), which protects your principal from the uncertainty of market volatility.” We have always believed in FIAs and welcome your call if you would like to learn more about them.
We are taking a break today from sending you an article to read this week because we know many of you are preoccupied by these difficult days. Market volatility undoubtedly doesn’t feel good to anyone, and neither does not knowing how many more difficult days are coming. It’s times like these that we believe preservation of principal is most important. It is what we’ve always believed is prudent and beneficial, through strong days as well as difficult ones. We believe your savings are irreplaceable and we make every recommendation with this fact in mind.
When times like these occur it provides a good reason to re-evaluate your specific situation – time horizon, risk tolerance and cash flow to name a few things. If you have questions or want to look at making some or more of your hard earned money safer from market risk, please call us. We are here to help, and look forward to fully explaining some options you may want to know about.
I saw a great presentation the other day and thought to share it with you. When answering the question “Why consider an FIA?” the author responded by saying “At a time when savings are still recovering from the financial turbulence of recent years and baby boomers are retiring in ever-increasing numbers, FIAs offer the opportunity for growth through a steady, guaranteed lifetime income stream, all while protecting the principle from the uncertainty of market volatility.” Let me know your thoughts on the article and if you have any questions about an FIA. We’re here to help you with your retirement plans.
This week I thought to send you an educational article that I found informative. It begins by telling us that “In today’s volatile economy, it can be hard to feel balanced while riding the roller coaster stock market. A diversified retirement plan is essential, and indexed annuities can add balance, giving you some peace of mind—no matter what happens on Wall Street. As with other financial products, it’s important to understand the product and its benefits.” After you’ve read it, give me a call. We’re always here to answer any questions you might have.
From time to time I am asked to provide resource calculator tools that can be used to plug in numbers such as age, income, social security benefits and years to retirement so that individuals can see if their resources are in line with what they believe their retirement needs will be, whenever that time comes. This week’s article provides a detailed “Retirement Calculator” which may help you determine if a fixed annuity that provides a guarantee of income for life is something that might help you in achieving your retirement goals. Call us if you would like to talk about this further, or if you have any questions. We’re always here to help.