By Cindy Bowden
Lately I’ve been seeing the results of years of planning to protect my clients against worst case scenarios. They always say there is nothing worse than running out of money before they die.
So if it’s on your mind, you’re in good company, especially in this volatile economic climate!
Now I don’t think the reality is anywhere near that bad, but with the dollar going up and down like a yo-yo, crazy low interest rates, and periodic talk of another possible world economic meltdown, it just makes good sense to do whatever we can to limit our downside risk.
That’s why I love Life Annuities. A lot of people think they know about Life Annuities because they’ve been around for a long time, but they have changed a lot over the years, and offer flexibility and features that make them really attractive.
In a nutshell, Life Annuities let you trade in a portion of your retirement savings for guaranteed lifetime income. You can choose level payments or income that’s indexed to the rate of inflation. You can even choose an option that guarantees payments to equal your investment – so you never lose your capital no matter what happens!
Figuring out the optimum percentage of your investment that makes sense for you to put into a Life Annuity depends on what age you are, whether you are single, married or separated, and whether you have 18 kids, grandchildren, nieces and nephews… or none. That’s where I come in – because that’s where my many years of practice protecting my clients against worst-case scenarios can be really helpful!
I always wish people a long life. Along with that we always hope for a happy, carefree life too. With Life Annuities, it’s a good bet you’ll get it. Call me and let’s talk about it!!!