The Secret To Protecting 40 Years Of Retirement Investing

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Retirement investments

Secret To Outliving Your Retirement Money

Did you ever think you would have to worry about running out of money when you retired?

During your working years you did everything right.  You squirreled away every dollar you could afford to.   You used a retirement calculator to determine how much money you would need for your retirement years.   You made financial sacrifices and took financial responsibility just so you would have enough money for retirement.

So why do you still feel as if you will outlive your retirement income?

You’re Never Done

Congratulations, you did a great job on saving enough money for your retirement, that was step one.   But with finances, your job is never finished.  There is another step rarely talked about, preservation of capital….making your money last as long as you do.

Best Way To Outlive Your Money|Annuities

An annuity is an income producing investment.  If you do not want to run out of money during retirement, an annuity might be worth looking into.

An annuity will pay you a guaranteed, lifetime stream of income.    You cannot outlive your money.   You pay in, the annuity pays out for the rest of your life…how can you beat that?

Get Your Guarantee

Annuities are unique because no other investment, except for pension plans, will pay you a guaranteed lifetime stream of income.   However pensions are becoming obsolete; many employers are switching over to 401k retirement plans.

Your 401k retirement plan, your stocks, bonds, money markets, mutual funds or savings accounts or certificates of deposit do not.

No Need To Do It All
Plan to outlive your retirement fund
photos by: alldoorsconsidered.blogspot

To avoid putting all of your “eggs in one basket” invest a portion of  your retirement investments into an annuity; you will not outlive that money.  Annuities pay you for the rest of your life.  If you want the steam of income to continue paying during your spouses life, you can set it up to do that also.

Annuity Basics

Learn the basics about annuities before you talk with your financial planner about them.   Each type offers different features.  Your financial planner should help you determine which one meets your specific financial needs.

  • Deferred or Immediate Annuities

A deferred annuity means you will make periodic payments for a period of time (or you can make a lump sum payment) and receive the payouts at a later date.

An immediate annuity means you will pay a lump today and start to receive your payouts immediately.

  • Fixed Annuity

Your return on your investment is based on a specific interest rate.

  • Variable Annuity

Your return is tied to market performance.  The typical investments in a variable annuity are mutual funds.   Your return and your payouts will be based on the performance of those investments.

  • Indexed Annuity

An indexed annuity bases your return on the market indexes (ie S&P 500).

Go Over  and Around The Bad Rap

Annuities have always gotten a bad reputation.   However for certain financial situations they are the ideal income producing investment.

Learn about annuities and then work with your financial planner.  Your planner can give you more detail and run illustrations for you that show the performance history of the investments.   Historical performance does not guarantee future performance, but you can see the trends of the investment.

 

 

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