Flexible retirement strategies
don’t have to come with risk
We are all familiar with using the stock market to help grow money for retirement. Since the 401k was adopted for retirement planning it has become a staple in preparing for the future.
We know there is a risk to the stock market and if you have plenty of years until you retire it is likely you will recover any losses and get back on track eventually.
“You have more options.”
The thing that no one really talks about is that there is another option. You don’t have to choose only between high risk stocks, medium risk mutual funds, and low return bonds. But in the modern 401k there are only these three choices. That’s not all that’s out there though; there is an alternative. You have more options.
Insurance companies have long been used by wealthy people to safely build and protect their money. They have used these stable, safe, and even boring companies to guarantee that they never lose money. The options that insurance companies offer don’t come with the possibility of accidentally tripling your money overnight. They also don’t come with the risk of waking up one morning to over half of your money disappearing!
“…guarantee they never lose money.”
As you get closer to retirement (or if you are retired already), you can use the same insurance products to give yourself another option for using your money. You do need someone you can trust and is experienced in navigating all the options that are out there. It is often tempting to pick the first thing out there you come across, but that can be a dangerous strategy. That’s where an expert in retirement strategies comes into the picture.
The best person to help you find your way is an independent insurance agent. That means they can look at the hundreds of companies out there and help you pick the right company, retirement product, and options within that product so you get the best product for your unique life. If your agent only can offer one company’s products how do you know that you are getting the best one out there? Or the best one for you?
You also need someone who can listen to you and will always put your needs first in everything they suggest to you. That’s what Insurance Foundations is all about - making sure it’s always about you. You don’t have to worry about being pressured into a decision that doesn’t fit your needs. Because your life is what it’s about.
“…look at the hundreds of companies
…pick the perfect one for you”
Two of the options you have are annuities and life insurance. Both of them offer different benefits and uses.
You don’t have to be an expert in these to know how they may benefit you. We love talking about all this so just know we can explain it all later.
the main benefit is that you can’t lose money
You still have the option of making money but you will never wake up one day to discover you have to now change your life because the stock market dropped.
Some other benefits are:
# making your money last longer and even continuing to get a monthly check even if your money is used up
# growing your money when the stock market goes up (its called indexing, its not buying stocks so you’re safe)
# having access to your money for long term care coverage
# growing money tax free (a life insurance option)
# taking control of your money, not giving it to a manager
There are lots of options and flexibility even within those options.
Set up your appointment with John today and find out the options that fit your life.
Or Call John @ 763-350-7777