Ben Kunes
Safe Money Retirement Group
Unlocking a Comfortable Retirement
The Annuity Advantage
Retirement should be a golden chapter in your life—a period filled with peace, relaxation, and financial stability. However, a staggering 62% of retirees on fixed incomes have expressed concerns about making ends meet, according to a 2022 National Council on Aging survey. Inflation rates are skyrocketing, and traditional income streams like Social Security and pension plans are simply not keeping up. While conventional wisdom suggests a diverse portfolio, including bonds, certificates of deposit (CDs), and dividend-paying stocks, let's focus on a gem that stands out for those desiring unparalleled financial security—annuities. Annuities: The Cornerstone of Financial Peace Annuities are not just another investment; they are an insurance product designed to offer you a guaranteed income for a set period or the rest of your life. The assurance of a steady paycheck, especially when other sources of income may be fraught with market volatility, is truly priceless. It's an excellent option to ensure you don't outlive your savings, a concern that often haunts retirees. The Annuity Edge Over Other Safe Investments- Bonds & CDs: While bonds and CDs are seen as "safe havens," they offer a fixed interest rate that might not keep up with inflation. Annuities can be tailored to include riders that adjust your payouts, keeping pace with rising costs.
- Dividend-Paying Stocks: Stocks may provide dividend income, but remember that the stock market is a roller-coaster ride. Even blue-chip companies can face economic crises. Annuities, on the other hand, guarantee your income irrespective of market conditions.
- Budgeting: Creating and adhering to a budget is an excellent strategy to maximize the benefit of your annuity payouts.
- Reducing Unnecessary Costs: Revisit your lifestyle choices and cut back on expenses that are not essential. The savings can be directed toward better uses, such as emergency healthcare.
- Leverage Government Benefits: Ensure you're tapping into all eligible benefits like Medicare and Medicaid to save on healthcare costs.
- Consider Part-time Work: While annuities secure your financial needs, part-time work can fulfill your social and emotional needs, keeping you active and engaged.
- Annuities: Offer guaranteed income for life, addressing worries about outliving savings.
- Advantages Over Bonds & Stocks: Annuities are less impacted by market volatility and inflation.
- Customization: Various riders can tailor your annuity to fit specific needs.
- Holistic Benefits: Provides both financial security and peace of mind.
- Expert Consultation: Advisable for tailoring the right annuity plan.
Ben Kunes
Safe Money Retirement Group
6657 Winding Creek Way
St. Louis, Missouri 63129
ben.kunes@retirevillage.com
(314) 740-6278
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