Summer's unofficially coming to a close now that we're getting the kids and grandkids sent back to school. It's a busy time of year trying to pack in one more vacation and get everybody geared up for the coming school year. As preoccupied as everyone is, it is still important to be sure you're not letting other distractions get in the way of ensuring you have a proper retirement plan.
This month we've included two articles that highlight some really good information about what types of tools you should be using in your retirement plan.
The Wealth Report this month focuses on some recent changes to retirement plans that the House of Representatives and Senate are considering, which includes offering more annuities within employer-sponsored plans. The other is a paper on a study that was done that shows how using annuities to provide guaranteed lifetime income can drastically reduce both longevity risk and market risk to give you better odds of succeeding in retirement.
Anybody who has met with us or read our articles in the past knows that we're big proponents of (properly) using annuities as part of an overall retirement plan, so it's nice to see that the general consensus is coming more into alignment with that idea. In our opinion, it's just common sense to use annuities to provide at least a portion of your retirement income, because that's what annuities are designed to do. Annuities are what most pensions are paid with and most people love having a pension, so why not create your own with an annuity?
there is anything we can assist you with, then just let us know.
And, as always, remember -
The purpose of the money dictates where you put it.