Americans are living longer and longer, which means that planning for retirement is critical. Can you afford to live for 20, 30 or even 40 years after retirement, or will your funds run out?
Hopefully, you’ve already started saving. The earlier you start, the more time your money has to grow, accrue interest and make your retirement easy and comfortable. But what if that hasn’t been possible? Paying student loans, having kids and paying for their college can all distract you from contributing to that retirement account. But never fear: Even if you’ve started planning for retirement late in life, there’s still time.
One option for late life retirement planning is an annuity. Certain types of annuities can start paying out in as little as one month, and provide a steady, ongoing stream of income that can last for a fixed period of time. But more importantly for late life planners, annuities can give a guaranteed income for the rest of your life. Even if you live to be 100 (or longer), your annuity will continue providing financial security and stability.
So if you haven’t been as diligent with retirement savings as you should have been, don’t despair! Contact Us today, and let’s discuss your options for retirement that can help you live the life you want in your golden years.
All insurance products are subject to terms, conditions and exclusions not described here; we can answer any questions you may have.