Retirement - Could equal 40 years without a paycheck!
For some, that is a real possibility. Research is showing 44% of all early boomer households are likely to run short of money in retirement. Outliving our assets is becoming a real retirement anxiety.
Factors that are causing this include loss of a spouse, inflation/declining purchasing power, and taxation.
A healthy 65 year old male - 50% chance of living to 85.
-A healthy 65 year old female - 50% chance of living to 88.
-A healthy couple, both 65 - 50% probability of one spouse seeing age 92. There is a 25% probability that one spouse will see 97.
We are facing a different retirement landscape than our parents.
SOCIAL SECURITY: If we start too soon, we lock-in at low levels forever and it weakens our long term income.
PENSIONS: Once your pension is activated, like Social Security, your decision choices are irrevocable.
ANNUITIES: You can create your own personal pension.
Guaranteed Lifetime Income benefits are available and are revocable and more flexible than employers pensions.
Call Mike now: 660-886-3600