At a time when people are living longer , and traditinal financial support structures such as defined benefit plans are few and far between, the role of defined contribution at the work place as well as individual IRA 's and Roth plans has changed. In fact , for many Americans, the retirement investment is now expected to serve as the primary or only source of retirement income and yet savings rates are at historic lows.
Retirement Cycle Chart Click Here ( Published by Minseota Life Insurance)
Four important questions are always in the mind of an individual who wishes to plan for retirement. Specifically :
- How much of a paycheck will I have or need at retirement ?
- How much Should I contribute every month ?
- My Social Security income (when or if I am eligable?)
- Where should I invest ?
There are variety of investor types the"do it for me"investor, the"help me do it"investor , the"do it myself" investor.
But regardless of the investor type , they have to answer those core questions to determine their ultimate retirement readiness.
Annuities
Annuities are the only personal retirement product that can provide a guaranteed paycheck and can not be out-lived*. The two most attractive features of annuities which sometimes makes them a good source for retirement planning , is paying a stream of income and guaranteed death benefit. There are Variable , or Fixed or Index Annuities.
We offer Annuities from a list of insurance companies as longs they are suitable for the clients, our clients will have a great selections to choose from.
Suitability : Even though Annuities are great products and offer comfort for people who can not handle volitality in Financial Markets we recommend you do a little homework and click here for the article published by NAVA when considering the purchase of an Annuity .
DISCLOSURES: Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate and shares when redeemed may be worth more or less than the original cost. Before investing, consider the funds’ investment objectives , risks , charges, and expenses.Contact your investment professional for a prospectus containing this information. Not FDIC Insured , May Lose Value , No Bank Guarantee , No Government Guarantee, All guarantees and protections are subject to the claims-paying ability of the insurance company.