Everybody wants "it" when they retire, but many people retiring today don't have "it."
Our parents had "it" when they retired - "it" is a specific type of annuity known as a pension, and our parents received a guaranteed monthly income from "it" until they passed on.
Most people retiring today receive monthly payments for the rest of their lives from another example of an annuity, i.e. Social Security...
Corporate pensions and Social Security are two examples of specific types of annuities known as an "income annuities."
All annuities do what no other financial instrument on the planet can do - they 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're telling me that you hate getting guaranteed income every single month, like clockwork, until you and your spouse pass on???
What I've found is that people don't have all the facts about annuities, and that's where I come in... One of my jobs is helping people educate themselves about retirement options they may not know about, such as Fixed Annuities.
I've been helping people learn about "it" for 16 years now, since 2004 - take a moment and check out this informative article that's all about "it:"
Check out the link below for a short video that provides information about "it."
Here's a link that deals specifically with setting up your own "private pension."
Here's an example of a common problem I help my fellow Boomers permanently solve:
Many people retiring today have guaranteed income from Social Security, but they don't have a corporate pension, and often the monthly Social Security deposit isn't sufficient to cover their basic monthly expenses.
What they may not realize is this: they can create their own "private pension" that pays a specific monthly amount, either the same amount every month or increasing, and when it's added to the Social Security deposits, the person's or couple's basic living expenses are now covered - those deposits will happen, every month, for the rest of their lives.
The possibility of outliving their money has been eliminated!
When we retire, we're "flying blind" about many things... For example, we don't know:
a) how long we'll live
b) what the stock market's going to do, and
c) how much we can withdraw from our 401(k) every month & not run out of money
If your Social Security pension isn't quite enough to cover 100% of your monthly basic living expenses, and you're tired of "flying blind," you can use a small portion of your retirement account to create the additional guaranteed monthly income you and your spouse need.
Then, you'll know, with 100% certainty, that your basic monthly living expenses are covered, no matter how long you live and regardless of the investment returns your retirement accounts receive.
Got questions about "it?" Give me a call, reply to this email or fill out the form below....