As we live longer, your retirement can last 30 years or longer. This can be a good thing, but only if you take the time to plan accordingly. One of the biggest fears that retirees are facing today is outliving their money. That does not have to be the case if you do the planning and take into consideration your lifestyle. You need to add in taxes, healthcare, hobbies, travel and your day to day living expenses.
Once you have an idea on what you need to live on, we can create a strategy with products that will offer income and growth. A fixed indexed annuity will offer a guaranteed lifetime income that you cannot outlive, even if you have exhausted all of your funds, it will continue to pay you until you die. There are also options with life insurance that offer strategies of building cash value that will also become an income stream that you cannot outlive.
We specialize in safe money strategies that will offer guaranteed income for now and through your retirement. Contact us to learn more about the strategies that can generate a steady stream of income for your lifestyle, increase your current savings or leave a legacy to your heirs.