Enjoy a Long and Comfortable Retirement with Income Annuities

When it comes to current life spans, there is good news and bad news. The good news comes from the Social Security Administration, and they say that one in four sixty-five year olds can expect to live to celebrate their 90th birthday. Even on average, today's retirees can expect to live well into their eighties. This is good news because many people can look forward to a productive and healthy retirement.

However, the bad news comes in the form of a recent poll from AARP, the American Association of Retired People. That organization's poll results said that current retirees feared outliving their retirement savings more than they feared dying. Planning for a comfortable retirement that may last for two, three, or even four decades is no easy task.

Since predicting inflation, the cost of necessities, and health care prices over the span of that many years is probably impossible, it is also not possible to really know how much money we will need to live on. Seniors are aware of this uncertainty, and this is what breeds fear.

The Solution: Lifetime Income Annuities

Life insurance companies offer lifetime income annuities, but instead of paying beneficiaries a death benefit when you pass away, they pay you a guaranteed income for the rest of your life. Your initial capital and earnings are protected by the strength of a quality insurer, guarantees, and strict insurance regulations.

Since these companies offer guaranteed minimum returns, you don't have to worry about how much interest the bank offers this year, how well the stock market does, or how long you will live. Go ahead and look forward to your 90th or 100th birthday because you will always have a check waiting for you.

Annuities Are Not All the Same

Life insurance companies offer fixed income annuities, but different companies all have their own plans with differing payouts and options. It is important to shop around for the best solution for your own unique situation. Of course, the amount of income that your money can earn will depend upon the amount of capital you have to save, the amount of time that passes before you begin to collect payments, and the specific plan's payouts.

We want to work with you to find the best retirement income solution. That means we can help you shop for the insurance company and specific plan that meets your needs. We will also take the time to explain exactly how annuities work and why we believe one or another is best for you. Contact us as soon as possible to begin planning your long and comfortable retirement.

Contact Wolfgang Financial and Insurance Agency today or call in to make an appointment, for a complimentary review of  your situation!