Annuities


Nowadays, setting up a comfortable retirement is a more complex challenge than before. Unlike those who could rely on secure lifetime incomes from professionally managed pensions, today millions of Americans serve as their own retirement managers. Many people tend to make uninformed decisions planning for and setting up their retirement. This could mean the difference between enjoying a comfortable retirement and not having enough funds to support themselves for the rest of their lives. Planning for a proper retirement can be difficult. We can help to develop retirement plans that you can work with and not outlive. There are a few main factors to consider while thinking about what retirement plan is going to best suit you.


Inflation
Inflation is one of the biggest retirement killers in America. Even a moderate rate of inflation can have a significant impact on a retiree’s funds. The anticipated longer retirements make it more important than ever that portfolios include investments with the potential to be a step ahead of inflation. Our main goal when discussing retirement plans with our clients is making sure we are always a step ahead of potential inflation.

Longevity
Many people underestimate their lifespan and risk outliving their assets. Facts indicate that 60% of the population may outlive the “average” life expectancy. A successful retirement plan will prepare you to live well into your 80's.

Health Care
Knowing that 9 out of every 10 Americans will need some form of Long Term Care and the rising cost of health care coupled with inadequate coverage can be a big factor in using retirement funds too quickly.


Thanks to new prescription drugs and medical technology, people are living longer than ever before. This can be a good and bad thing. Living longer means more cherished memories, but also means our funds needs to last longer. A significant loss in the years just prior to and/or just after you retire can have a damaging impact on the level of income you receive over the course of your life. In fact, if a loss occurs earlier in life, there is also the chance that you have more time to recover (versus a significant loss occurring later in retirement). Why? Simply because a smaller pool of assets is left to sustain you throughout your retirement years.