Our parents had "it" when they retired - "it" is a specific type of annuity called a pension, and "it" provided a guaranteed income to our parents when they retired.
Also - most people retiring today receive, or will receive, another type of annuity, known as Social Security...
Corporate pensions and Social Security are two examples of specific types of annuities known as an "income annuities," and they do what no other financial instrument on the planet can do - provide a guaranteed income for the rest of your life and the life of your spouse.
People tell me all the time - "Rick, I hate annuities!"
You hate getting deposits every month, like clockwork, until you and your spouse pass on???
I think the problem is that people don't have all the facts about annuities, and that's where I come in... I'm a "professional explainer," and one of my jobs is to help people educate themselves about retirement options they may not know about, such as Fixed Annuities.
I've been talking about "it" since 2004 - take a moment and check out this informative article that's all about "it:"
Also, check out this link to a short video that provides information about "it."
When someone joins the "Lifetime Income Club" and starts receiving "it," that person or couple has solved, once and for all, the #1 fear of Baby Boomers - the fear of outliving their money.
Got questions about "it?" Give me a call, reply to this email or fill out the form below....