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The number one concern of many of today's retirees is the fear that they may someday outlive their retirement savings. The average American will spend 20-25 years in retirement, and many worry that they have not put enough away. After years of receiving regular paychecks, very few retirees are truly experts at managing the kind of lump sums of money they'll have to live on when they retire, and many feel uncertain about how to budget this savings to ensure that it lasts as long as they'll need it.
That is exactly why it's crucial to have an actual retirement income plan in place. Lacking such a strategy in retirement can create a number of undesirable consequences including:
~Having to return to part-time employment to supplement your income
~Abandoning the possibility of vacations and other leisure activities you've dreamed about
~Sacrificing dining out & regular entertainment to pay for prescription drugs
~Moving to smaller living arrangements
I can help you alleviate the financial concerns by creating an income plan for you that makes retirement look like you want it to. This plan can provide:
~Guaranteed, predictable monthly income for the rest of your life-no matter how long you live
~An annual increase in income the exceeds the mere cost of living adjustments offered throughout your working years
~An oppportunity for bonuses to your retirement account in years in which the market performs well
~Penalty-free access to your money when you need it
~Absolute control over YOUR retirement savings
Your retirement shouldn't be burdened with worry. It should be the carefree celebration of all you've worked so hard for these many years. With the assistance of a trusted Income Planning Advisor, that's exactly what it can be.
For more information and/or a free review of your current financial objectives and strategies, I can be reached at 361 855-3261.
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