Is Your Retirement Plan On Course?
When planning for retirement, a common goal is to make sure you don't run out of money before you run out of time. Meeting the goal has become more challenging as retirement income sources have changed. While employer-provided pensions and Social Security once provided a strong base for financial security, many people now need to depend more on personal savings to keep their plan in balance.
WILL SOCIAL SECURITY KEEP YOU IN BALANCE?
Social Security will likely contribute some amount to your retirement plan but was never intended to be the only source of income.
Understanding how and when to claim your Social Security benefit can make a difference in the payment you receive.
HOW CAN YOU KEEP YOUR RETIREMENT MOVING FORWARD?
With defined benefit pension plans becoming increasingly rare, personal savings is much more important. Today, it's essential that you save more for retirement, and have a plan for ensuring those savings las as long as you do.
In addition to Social Security and an employer-sponsored defined contribution plan, a great way to supplement your individual retirement savings is with a fixed indexed annuity (FIA). FIA's are insurance products designed for long term savings and in
It's important that your retirement income strategy be well-rounded and focused on accomplishing your personal retirement goals.
In addition to Social Security and an employer-sponsored defined contribution plan, a great way to supplement your individual retirement savings is with a fixed indexed annuity (FIA). FIA's are insurance products designed for long term savings and income.
Top 10 Reasons for Annuities
HEAD INTO CALMER WATER
A retirement income strategy that includes a fixed indexed annuity can help replace guaranteed income that may no longer be provided by a traditional pension and Social Security.
With a fixed indexed annuity as a part of your plan, you can creat a well balanced plan that will support you for years to come.
Indexed annuities purchased outside a government sponsored plan (like a defined benefit plan, defined contribution or tax qualified plan) are not subject to premium limits.
Retirement risks such as uncertain market performance, earlier retirement dates, rising cost of living and increased longevity can decrease or even deplete retirement savings quickly.
If you are approaching retirement, taking on too much risk could mean too little time to recoup any losses.
Supplementing your portfolio with a fixed indexed annuity can help alleviate the worry of outliving your retirement savings as well as assist in avoiding many of the risks that can affect assets already saved.
Retirement Planning Facts
The benefits of working with a financial planner depend on each individual and financial planners cannot guarantee any returns, but research shows that people who work with a financial planner:
- Are more confident about their finances and
- May have around 15% more income to use in retirement
Am I Saving Enough?
The National Institute of Retirement Security says: About 40 million households have zero retirement savings.
You can always begin now. Although there are no guarantees and risks exist, well-run investments may grow over time.
Not sure how to begin? We made a free retirement analysis to help Americans find verified financial experts who work in your area, bound to act in your best interest.
Whether you’re new to saving, or want another opinion on your retirement plan, an annuity expert may be able to help.
By taking this survey, we will match you with a financial planner who has been screened and verified.
We share your survey answers with your potential annuity expert, so they can tailor their services to your financial objectives.
Your location and/or preference for online annuity expert, as well as your declared assets, determine how we select your financial planner matches.
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