Will Your Income Last a Lifetime?
Learn how to create a retirement
plan
Many
seniors can recall when Social Security was regarded as the
basis for a retirement income plan.
The government guaranteed the lifetime payments with
occasional cost-of living increases. Then corporations stepped
to the plate and provided defined benefit plans that assured
employees a lifelong income during retirement. With these two
revenue sources, it became easy for retirees to feel confident
in their financial futures.
But
times have changed.
In the
late ’70s and early ’80s, high interest rates and inflation
meant Social Security and pension
plan checks would not buy as much as they had before. And
scores of people were
forced to live on less. Then in the ’90s, many companies did
away with their pension plans to give workers more control of
their retirement dollars and offered 401(k)s and similar
defined contribution plans. The stock market surged, and
employees invested their money. Of course, we all know what
happened afterwards.
Your
employer may have canceled its pension plan before you
retired. And the future of Social
Security is always a popular subject for the politicians to
debate. However, there is no
reason that you cannot create your own personal pension plan
to fill a possible gap in your
lifetime income plan.
A fixed
immediate annuity can provide an income that you cannot
outlive and
supplements Social Security and investment income. In
addition, options such as inflation
protection and survivor income are available to meet your
specific needs.
For a
free illustration on how the lifetime income from an immediate
annuity can add to your
retirement planning,
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Request your FREE Retiree Financial Guide Today!
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