With 10,000 people a day turning 65, every day for the next 18 years in this country, there is a great collective interest in our financial security. Helping our clients create the best possible retirement plan, one that provides absolute financial security for the years they are in retirement, is what we do best.
People want a retirement solution that provides a guaranteed amount of lifetime income that can never be lost and never decrease. When I ask my clients for their retirement plan wish list, this is what they want:
- No principal risk.
- 100% liquid at all times - no penalty upon termination.
- Guaranteed, lifetime income that can NEVER be outlived.
- Accessible in case of emergency.
- Tax deferred growth.
- Transfers to heirs if not used during lifetime.
- Favorable taxation upon distribution.
Based on your current retirement plan, do you know the age at which you will outlive your assets? If there is another recession or financial crisis, would this number be different? Although we may have been conditioned to tolerate a potential loss of principal or a reduction in our income level, it can easily be avoided.
Is your nest egg safe? There are may threats to your nest egg that we can help you identify and protect against. Many of the common ones are:
- Inflation
- Market Risk
- Longevity Risk
- Cognitive Issues
- Incorrect Asset Allocation
The optimal retirement plan will guarantee no principal loss and provide you with guaranteed, lifetime income to cover your lifestyle. I believe in a balanced plan with great flexibility and one that also includes sufficient amounts of liquidity for the unexpected.
Does your current plan provide you with enough guaranteed lifetime income that is not vulnerable to loss, regardless of market conditions or how long you live? Most retirement age Americans lack sufficient levels of guaranteed, lifetime income. Too many people are exposed to longevity risk, the risk of outliving their money during retirement because their plan is out of balance, weighed too heavily in favor of stocks and bonds.
With more than 30 years of experience, I teach people about the financial implications of longevity risk and its solutions. A multiplier of all the other risks during retirement, nothing is more important in retirement planning than protecting your assets against living too long.
Keep your eye on the big picture – your security in retirement.
Is a lack of awareness and understanding about guaranteed income solutions keeping you at risk during retirement? With guaranteed lifetime income, your future is anchored in security, allowing you to consider more risk in other investments. How much guaranteed income do you need? It varies from person to person but it depends on such things as lifestyle, health, risk tolerance and numerous other factors.
What is more important in retirement; growing your assets or protecting them from loss?
Most people correctly want to protect their nest egg. The return of market volatility and meaningful portfolio losses is often the motivation many people need to take the necessary action to re-balance their retirement portfolio.
A Private Pension Plan – how does it work?
In exchange for a lump-sum payment to an insurance company, a Private Pension is a longevity annuity, which is a special contract from an insurance company that will make payments to you for the rest of your life, regardless of how long you live.
Is it liquid? Can I lose my investment?
You cannot lose principal. The right products guarantee you will never lose principal and they allow you to benefit from a rising market.*
With a Private Pension Plan, your income payments will be increasing the longer you defer drawing the income. Once the income benefit is triggered, the payments will be tax advantaged. Buying wisely, there is no principal risk and your beneficiaries will inherit unpaid principal.
Longevity annuities are unfamiliar to most people as they are not traditional annuities . Pick up any recent financial publication and you will find them advocating the benefits of longevity annuities. In fact, Fortune Magazine called “2015 – The Year of the Longevity Annuity.” Some offer extraordinary advantages, such as long term care riders that double the amount of income you receive when you need it most. And, your IRA may be the perfect vehicle to own a longevity annuity.
George Bernard Shaw once said, "If you laid all
the economists end to end, they still wouldn't reach a conclusion." Well,
that time-honored adage has changed, at least in one area, because economists
from Germany to New Zealand, from Israel to Canada, have come agreement about
one thing - that annuitization of a substantial portion of retirement wealth is
the best way to go. Studies supporting this conclusion come from MIT, The
Wharton School, Berkeley, U of Chicago, Yale, Harvard and the London Business
School, just to name a few. The value of longevity annuities in retirement
seems to be a rare area of consensus among economists.
Does a Private Pension make sense for single women, in or near retirement?
This is one of the most common questions asked our educational seminars. Many of our clients are single women who want the security and simplicity provided by a Longevity Annuity because it provides a guaranteed paycheck, long term care benefits and guaranteed principal protection. Taking market risks while a couple are both willing and able to manage the portfolio may work for some. But, almost all women prefer income certainty with no risk once they find themselves flying solo. The fastest growing group of clients at our company are widowed or divorced women who want to protect their nest egg by purchasing a lifetime income stream they can not outlive. Upon their death, the balance will pass to their children or grandchildren.
There has never been a better time to protect your assets. Today’s payout rates are likely to be the highest you will receive for the rest of your life as more insurance companies are lowering payout rates because of improving mortality. The sooner you fund a Private Pension with a Longevity Annuity, the better off you will be in the future.
ROI = Reliability of Income in Retirement
Advising our clients about guaranteed income strategies is a skill and expertise developed over many years, one that requires special licenses to properly represent all the available product solutions in the market. My preference is to work with you and your other trusted advisers in an environment of complete transparency.
For a free consultation to learn more about these solutions, please call me, Ted Bernstein, at, 561-988-8984 or visit us at LifeInsuranceConcepts in Boca Raton, Florida.
* Some longevity annuities charge an annual fee for a guaranteed income rider.
With 10,000 people a day turning 65, every day for the next 18 years in this country, there is a great collective interest in our financial security. Helping our clients create the best possible retirement plan, one that provides absolute financial security for the years they are in retirement, is what we do best.
People want a retirement solution that provides a guaranteed amount of lifetime income that can never be lost and never decrease. When I ask my clients for their retirement plan wish list, this is what they want:
- No principal risk.
- 100% liquid at all times - no penalty upon termination.
- Guaranteed, lifetime income that can NEVER be outlived.
- Accessible in case of emergency.
- Tax deferred growth.
- Transfers to heirs if not used during lifetime.
- Favorable taxation upon distribution.
Based on your current retirement plan, do you know the age at which you will outlive your assets? If there is another recession or financial crisis, would this number be different? Although we may have been conditioned to tolerate a potential loss of principal or a reduction in our income level, it can easily be avoided.
The optimal retirement plan will guarantee no principal loss and provide you with guaranteed, lifetime income to cover your lifestyle. I believe in a balanced plan with great flexibility and one that also includes sufficient amounts of liquidity for the unexpected.
Does your current plan provide you with enough guaranteed lifetime income that is not vulnerable to loss, regardless of market conditions or how long you live? Most retirement age Americans lack sufficient levels of guaranteed, lifetime income. Too many people are exposed to longevity risk, the risk of outliving their money during retirement because their plan is out of balance, weighed too heavily in favor of stocks and bonds.
With more than 30 years of experience, I teach people about the financial implications of longevity risk and its solutions. A multiplier of all the other risks during retirement, nothing is more important in retirement planning than protecting your assets against living too long.
Keep your eye on the big picture – your security in retirement.
Is a lack of awareness and understanding about guaranteed income solutions keeping you at risk during retirement? With guaranteed lifetime income, your future is anchored in security, allowing you to consider more risk in other investments. How much guaranteed income do you need? It varies from person to person but it depends on such things as lifestyle, health, risk tolerance and numerous other factors.
Most people correctly want to protect their nest egg. The return of market volatility and meaningful portfolio losses is often the motivation many people need to take the necessary action to re-balance their retirement portfolio.
A Private Pension Plan – how does it work?
In exchange for a lump-sum payment to an insurance company, a Private Pension is a longevity annuity, which is a special contract from an insurance company that will make payments to you for the rest of your life, regardless of how long you live.
Is it liquid? Can I lose my investment?
You cannot lose principal. The right products guarantee you will never lose principal and they allow you to benefit from a rising market.*
With a Private Pension Plan, your income payments will be increasing the longer you defer drawing the income. Once the income benefit is triggered, the payments will be tax advantaged. Buying wisely, there is no principal risk and your beneficiaries will inherit unpaid principal.
Longevity annuities are unfamiliar to most people as they are not traditional annuities . Pick up any recent financial publication and you will find them advocating the benefits of longevity annuities. In fact, Fortune Magazine called “2015 – The Year of the Longevity Annuity.” Some offer extraordinary advantages, such as long term care riders that double the amount of income you receive when you need it most. And, your IRA may be the perfect vehicle to own a longevity annuity.
George Bernard Shaw once said, "If you laid all
the economists end to end, they still wouldn't reach a conclusion." Well,
that time-honored adage has changed, at least in one area, because economists
from Germany to New Zealand, from Israel to Canada, have come agreement about
one thing - that annuitization of a substantial portion of retirement wealth is
the best way to go. Studies supporting this conclusion come from MIT, The
Wharton School, Berkeley, U of Chicago, Yale, Harvard and the London Business
School, just to name a few. The value of longevity annuities in retirement
seems to be a rare area of consensus among economists.
Does a Private Pension make sense for single women, in or near retirement?
This is one of the most common questions asked our educational seminars. Many of our clients are single women who want the security and simplicity provided by a Longevity Annuity because it provides a guaranteed paycheck, long term care benefits and guaranteed principal protection. Taking market risks while a couple are both willing and able to manage the portfolio may work for some. But, almost all women prefer income certainty with no risk once they find themselves flying solo. The fastest growing group of clients at our company are widowed or divorced women who want to protect their nest egg by purchasing a lifetime income stream they can not outlive. Upon their death, the balance will pass to their children or grandchildren.
There has never been a better time to protect your assets. Today’s payout rates are likely to be the highest you will receive for the rest of your life as more insurance companies are lowering payout rates because of improving mortality. The sooner you fund a Private Pension with a Longevity Annuity, the better off you will be in the future.
ROI = Reliability of Income in Retirement
ROI = Reliability of Income in Retirement
Advising our clients about guaranteed income strategies is a skill and expertise developed over many years, one that requires special licenses to properly represent all the available product solutions in the market. My preference is to work with you and your other trusted advisers in an environment of complete transparency.
For a free consultation to learn more about these solutions, please call me, Ted Bernstein, at, 561-988-8984 or visit us at LifeInsuranceConcepts in Boca Raton, Florida.
* Some longevity annuities charge an annual fee for a guaranteed income rider.
