Retirement Planning

We’re Happy to Help with Retirement Planning

Woman Making Calculations — Springdale, AR — LFG: Special Needs Division

Retirement income strategies are not just for the wealthy. As retirement nears, the traditional strategy has moved growth-seeking products to more conservative, fixed-income products. According to a recent study, for a married couple age 65, there is now a 50 percent chance that at least one spouse will live to age 94.1 This means that you may need to plan for your retirement savings to last 25 to 30 years.

One drawback to a longer life is the greater possibility of outliving your savings — creating all the more reason to develop a retirement income strategy designed to last a longer lifetime. Sixty-one percent of Americans surveyed said they were more afraid of outliving their assets than dying.

A significant loss in the years just before or after you retire could negatively impact the income you receive over the course of your life. If a loss occurs earlier in life, there is also the chance that you may have more time to recover (versus a loss occurring later in retirement). Why? Simply because a smaller pool of assets is left to sustain you throughout your retirement years, and your assets may have less time to recover.

I can help you design a guaranteed* retirement income strategy that incorporates insurance and annuity vehicles to create opportunities for long-term growth and guaranteed* income throughout your retirement.