The life that you want to live after you hit the retirement age is one that requires longevity and financial stability.
Many Americans know all to much how real it can be when your retirement savings can be cut down by in some cases nearly 50% as it had done to so many during 2008. The fincial crisis wiped people out and their retirement savings was a huge nest egg that they had worked most of their adult lives if not all of their lives for, only to realize that the old ways that we were taught to save for retirement did not have as good the level of protection that most Americans would like to have as they near the retirement age and become retired. Investing in your retirement is a huge deal and everyone knows that yet some lack the funds or the discipline to save for the golden years.
Other retirees suffered major losses during the 2008 economy meltdown and they are slowly recovering in the Stock Market. But what about the next crash that comes. If we know anything it is that this wasn’t the first time the economy in the U.S. had fallen to such lows and it would not likely be the last time in our history that the same thing may occur again.
But what to do if saving for your retirement and investing for retirement is something that remains at huge risk when your money is invested in stocks or using an IRA or 401K to invest your retirement income. There is no doubt that a large portion of your retirement income should be invested somewhere to allow it to grow leading up to and during the retirement years. After all… Isn’t that what investing in retirement is for?
For some of us the risk is okay at a very young age, but as you reach 40 the risk needs to be cut way back to a conservative level and again at 50 and furthermore if you have over $100,000 in savings, which many people do have then a good portion of that, between 35 and 45% should be protected. Still allowed to make a return on the investment and the money from the returns while it may not be the actual market value, an annuity can provide a fair and reasonable rate of return on your retirement investment, while keeping market losses from affecting your principal investment into the annuity policy. A fixed index annuity can allow your money to participate in an index like the S&P 500 or an international index chosen by you at the time of the annuity contract.
When you are putting in the work to save for your retirement and plan for your retirement..
It is vital that you protect a portion of your entire retirement savings, what we like to call investing for retirement.
The New Rules of Wealth are ones that you may not be familiar with but we’re here to provide you with a Complementary Retirement Planning Guide created just for you called “The New Rules of Wealth.”
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