Guaranteed Lifetime Income.
A recent Black Rock Report found....
***Adding guaranteed lifetime income
combined with a more aggressive asset
allocation generates 29% more annual
spending ability from one’s retirement
savings (excluding Social Security) and
reduces downside risk by 33%.****
https://www.blackrock.com/us/individual/literature/whitepaper/how-to-optimize-retirement-income.pdf
Wade D. Pfau, Ph.D., CFA, RICP, is the curriculum director of the Retirement Income Certified Professional designation and a Professor of Retirement Income at The American College of Financial Services in King of Prussia, PA. He is also a Principal and Director for McLean Asset Management. He holds a doctorate in economics from Princeton University.
Dr. Wade Pfau has argued for using annuities instead of bonds in retirement income plans.
Please make sure you pick up "Safety-First Retirement Planning" by Dr. Wade Pfau on Amazon.
Should all of your money be in annuities? The answer is:
NO!
When I consult with a client I review fixed-income needs.
How much money will you need to cover basic living necessities?
Whatever this number is...This amount will become your guaranteed paycheck in retirement- A guaranteed lifetime income you can never outlive.
Retirement expert & Best selling author Tom Hegna said it best in his book titled Pay Checks And Play Checks! (You can pick up a copy at Amazon)
The money in your market accounts will be your "Play Checks"
The money you need to cover your necessities in retirement, let's make sure this amount is guaranteed with a "Guaranteed Lifetime Income Annuity" This will be your paycheck!
If your Financial Advisor doesn't have at least a portion of your portfolio in an account protected from stock market loss! (Guaranteed)
Why not?
Doesn't matter what your financial advisor or tv/radio financial guru says...
Outside of a company/government pension or social security....There is only one product that can provide you with a contractually guaranteed lifetime income!
It's called an Annuity!
There are many different annuity types and with my favorite annuity...
There are *ZERO FEES*!
When you are ready to turn on your "Lifetime Guaranteed Income" you'll have multiple income distribution options.
Option 1:
This option is the least used option, but with this option when you die the unused money goes back to the insurance company. Less than 1% of all annuities sold function this way.
Typically this option is only selected by individuals with no family members or charitable organizations to give the money to.
(Even though this is the "Least Used Option" it's the most talked about option for advisors who want to keep your money exposed to market losses)
But just understandd 99% of annuities sold will pass on the remaining balance to family members or charitable organizations of your choice!
Option #2.
When you die your spouse will continue to receive lifetime income any remaining balance will then transfer to your children after the last spouse dies.
This is a Contractually guaranteed benefit with many of my favorite annuities.
Book a no-obligation discovery call with me today!
Text "Guaranteed Income" to 919-228-9783!
Is an Income Guaranteed For Life, Right For You?
