 It’s the classic dilemma at the heart of every financial plan: Do you live for today or save for the future? The conservative and prudent advice is to live on a modest budget today so you have plenty of assets in reserve for future needs, especially after you retire. Commonly accepted wisdom seems to be that you should pinch pennies today in order to enjoy yourself down the road.
However, there’s also the very natural and understandable desire to live for today. There are likely things you want to do in life that would be best enjoyed while you’re young, not in retirement. Also, given the unpredictability of life, there’s no guarantee that you will be able to tick items off your bucket list when you’re older.
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This video describes people who have their investments in mutual funds or stocks who no longer want the responsibility for investment risk or money management decisions. Retirement is a time to relax!
Very simply...a plan that gives you "peace of mind" for a lifetime is fantastic! You deserve that!  If you’re like most Americans, you’re looking forward to enjoying a nice, long retirement. But just how long will it be? It’s an important question to answer because the longer your retirement lasts, the more years of expenses you may have to fund with your savings.
Obviously, you can’t predict when you will pass away. However, longevity and mortality data provide some insight that could guide your decision-making. According to researchers, there’s a chance your retirement could last much longer than you think. The Centers for Disease Control and Prevention recently released a study showing that the U.S. population of centenarians—those age 100 and older—increased more than 43 percent from 2000 to 2014.1 Similarly, Pew Research found that the global population of centenarians has quadrupled since 1990, and that there will be 3.7 million people in the world age 100 or older by 2050.2 |
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*Guarantees provided by annuities are subject to the financial strength of the issuing insurance company; not guaranteed by any bank or the FDIC. Guaranteed lifetime income available through annuitization or the purchase of an optional lifetime income rider, a benefit for which an annual premium is charged.
This information is designed to provide a general overview with regard to the subject matter covered and is not state specific. The authors, publisher and host are not providing legal, accounting or specific advice for your situation.
Licensed Insurance Professional. Respond and learn how insurance and annuities can positively impact your retirement. This material has been provided by a licensed insurance professional for informational and educational purposes only and is not endorsed or affiliated with the Social Security Administration or any government agency. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice.
16045 - 2016/8/23 | Privacy Policy
This information is designed to provide a general overview with regard to the subject matter covered and is not state specific. The authors, publisher and host are not providing legal, accounting or specific advice for your situation.
Licensed Insurance Professional. Respond and learn how insurance and annuities can positively impact your retirement. This material has been provided by a licensed insurance professional for informational and educational purposes only and is not endorsed or affiliated with the Social Security Administration or any government agency. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice.
16045 - 2016/8/23 | Privacy Policy