This week’s article “Fixed Indexed Annuities 101” made me smile because it brought back memories of my younger days in school, and I was reminded that even as we grow older, especially when planning for our retirement, it is sometimes best to go back to basics. The first basic question is “When you think about retirement, what are your goals?” For most people it involves a balance between stability, favorite pastimes and new adventures. There is a lot to be said about balance, especially when no one knows what the future holds. “Balance is also important in your financial life: between reward and risk, nest egg preservation and growth.” Call us if you would like some ideas on how to achieve these goals as you look into the future. We’re always here to help.
The article I thought to share with you this week tells us that ” If you will celebrate your 62nd birthday in 2017 or soon after, you’re in the vanguard of a big change in Social Security: Starting with people hitting that milestone in January, the full retirement age (FRA)—that is, when you can collect your entire earned benefit—will creep up from 66 to 67 in two-month increments over the next six years.” What is interesting is that as the FRA goes up, for every age along that line, you receive a smaller benefit then you would have before. The question being asked is should you collect sooner or wait? And what do you do to supplement that smaller benefit when you are no longer employed? Call us, we’re always here to help walk you through the choices.
This week’s article hit the nail on the head when it said “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.” Are you leaving things to chance? Call us if you’d like to get your nest egg back. We may have some ideas you haven’t thought of, and we’re always here to help.
I came across the results of a survey conducted online of Americans ages 45 to 80 the purpose of which was to evaluate Americans’ “awareness of potential financial risks in retirement, how this awareness impacts the management of their finances with respect to retirement, and how Americans are managing the process of leaving the workforce.” The results are interesting and may help you better plan for your future. Call us if you’d like to review some options for income in retirement that you may not have thought of. We’re always here to help.
It is always important to understand what is really meant by the words used by someone trying to give you advice on your retirement planning. That is why we thought to share with you a list of some key terms, and to “encourage you to understand the most commonly used terms associated with annuities and financial planning.” Take a look at this week’s article and let us know if you have any questions. We’re always here to help.
I thought to share this week’s article with you when I read “Retirement could last decades, so it’s smart to look into ways to grow and protect your nest egg for the long run.” Decades is a long time, especially when you think that you most likely won’t be working during those years, and instead will look to fund your expenses and life style with monies earned and saved prior to that. The article went on to say “Fixed indexed annuities can help make the next big thing possible.” We agree. Call us if you would like to discuss how this product may help you in planning for your retirement. We’re always here to help.
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.