Did you know that if you need “insurance for as long as you live and want to accumulate savings a universal policy” might be something you want to consider as a choice. Sometimes people “take a shortcut (such as simply buying a multiple of annual income).” Call us if you would like help in determining the right amount of life insurance, and the type that best suits your goals. We’re always here to help.
Are you on track for where you need to be for retirement? This week I thought to share with you several calculators. “These customizable calculators will allow you to run different scenarios and discover how small adjustments could make a big difference for your retirement future.” Call us after you have your calculations because we can help you get on track if your numbers aren’t making you happy! We’re always here to help.
This week’s article tells us that “Financial stress is the number one source of stress for employees, according to a Price Waterhouse Coopers 2019 survey. Financial matters outrank any other source of stress combined, including health and relationships. Retirement can be a key driver in that stress with nine out of 10 people reporting they don’t feel very confident in their overall retirement savings situation.” If you are feeling the stress, call us. We know of some choices that may help you feel better about your retirement planning. We’re always here to help.
This week’s article tells us “to diversify, products like a fixed indexed annuity can offer balance, growth potential with principal protection, and a steady income stream during retirement.” Don’t let misconceptions derail your best solution for balance and security. Did you know that “Not every retirement account can guarantee a steady lifetime income stream like Fixed Index Annuities?” Call us, we’re happy to discuss your retirement situation with you and help you sort myth from fact. We’re always here to help.
I read an article the other day that, while written a few years back, seemed to resonate even more today. The author wrote “More dangerous yet is the shift in focus away from retirement income to return on investment that has come with the introduction of saver-managed [retirement] plans: Investment decisions are now focused on the value of the funds, the returns on investment they deliver, and how volatile those returns are. Yet the primary concern of the saver remains what it always has been: Will I have sufficient income in retirement to live comfortably? Clearly, the risk and return variables that now drive investment decisions are not being measured in units that correspond to savers’ retirement goals and their likelihood of meeting them.” That’s where we come in. We have some ideas to help you obtain sufficient income, and look forward to helping you meet your retirement goals. Call us, we’re always here to help.
It’s back to school month, and regardless “if your household doesn’t include school-age children, you can still take September as a time to reevaluate your personal development and consider areas for growth in the future. For instance, a financial health checkup is a good way to discover ways to improve your financial education.” Call us if you would like to discuss options that can help provide you with an income stream you can’t outlive. We’re always here to help.
I came across an article from the past that caught my eye. It tells us that “Entering retirement can be a particularly jarring experience for seniors, and not only because they’re leaving behind the familiar world of work. For the change also requires a shift in one’s financial orientation — from savings accumulation to decumulation. Above all, the transition brings into focus one overriding goal: how best to “pensionize” a nest egg so that your money outlasts you, and not the other way around.” Call us if you’d like some ideas on how to pensionize your savings, and obtain income in the process. We’re always here to help.
This week’s article reports that “Financial matters outrank any other source of stress combined, including health and relationships.” Not surprising when so much in our lives depend on how much money we make, how much we’ve saved, and how much we will have in retirement. The author goes on to tell us that “The retirement planning landscape has undergone sizable change” and only “13% of people say they could rely on pension alone to support their desired retirement lifestyle.” If you are stressed about your financial situation, and want to know about products that can help provide you with an income in retirement that you can’t outlive, call us. We’re always here to help.
This week’s article states “Second-quarter market volatility is making Americans increasingly worried about their finances and retirement savings, with only 31% in a new survey saying they were comfortable with market conditions and ready to invest, down two percentage points from the previous quarter and four points from last year’s first quarter. The latest market perceptions study from Allianz Life also found that more Americans feared the approach of a major recession in the second quarter than in the 2019 and 2018 first quarters — 48% vs. 46% and 44% — or major market crash — 47% vs. 46% and 42%. “Volatility has become the norm over the past year and a half, but that doesn’t mean those major market swings are any less gut-wrenching,” Kelly LaVigne, vice president of advanced markets at Allianz Life, said in a statement.” Call us if you would like to discuss how an FIA may help you in situations like this. We’re always here to help.
“Here’s a counterintuitive thought:” Healthy consumers “are likely to have higher medical costs in retirement than their less-healthy counterparts.” This means that income in retirement may be needed in order to pay those expenses, and it is also why healthy people “need to save more for retirement.” Call us if you’d like to know more. We’re always here to help.