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Weekly Commentary Presented By: Arif Halaby
“Since the United States stock market collapse of 2008, millions of Americans have seen their retirement savings dwindle. Many of these savers had their nest eggs exposed to the equities markets, and have subsequently suffered two periods of extreme losses in one decade. As a result, “safe money places” are getting a lot of attention. So, what are safe money places?” This week’s article tells us that “Safe money places are vehicles that are used for the money that you cannot afford to lose; they’re products that provide peace of mind, knowing that your principal is protected from loss as a result of market fluctuations.” The article goes on to tell us that a “true example” of this kind of product is a Fixed or Indexed Annuity. Call us if you are looking to put some or more of your money into a “safe money place.” We’re here to help.
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Our business has always been premised on the idea of ‘protecting your principal’ so this week’s article caught our attention. We found it very interesting because it was quoted as saying that many “well-respected economists, billionaires, and noted authors” are telling you to “Take immediate steps to protect your wealth, NOW!” “According to them, we are on the verge of another recession, and this one will be far worse than what we experienced during the last financial crisis.” The article provided what we thought to be a very detailed analysis which supported the expert’s sense of urgency. Do you feel good about your retirement strategies in challenging times? Call us to discuss what steps you can take to better protect your principal. We’re here to help.
This week’s article reported on a study conducted in 2013 relating to women, money and power. The article reported that “since the financial crisis of 2008 – 2009, women feel more responsible for financial decisions than ever. Yet, more than 40 percent of women surveyed said they don’t feel any smarter about how to manage their money than they did before the crisis.” We’re always here to help you learn more about your options and how they may fit into your long term plans. Call us today to make an appointment to talk about things that will help you feel more comfortable about your retirement strategies.
The government shutdown is behind us, yet we continue to see articles in the press discussing the effect it had on the overall economy or consumer spending. I thought you would like to see this week’s article because it remarked that “while a considerable amount of time is spent calculating the costs to us today, very little has been spent calculating the costs to our future selves—specifically the effects of today’s policies on our ability to accumulate the appropriately sized retirement savings nest egg needed to sustain us through our golden years.” Thinking about the future is always difficult, as are making predictions of what our needs will be. Call us if you’d like to discuss some options you may not have already considered. We’re here to help.
Not being a billionaire, but always wishing I were one, I pay attention to articles that tell me what they are doing with their money in this economy. In this week’s article I read that “Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast.” I was curious why this would be especially because I had read that “the stock market is still in the midst of its historic rally”. What caught my attention and what I wanted to share with you was this week’s article’s reference to an esteemed economist and author of a best-selling book whose research “ points toward a massive market correction, as much as 90%.” What do you think? Call us if you’d like to discuss options that may be available to you where protection of your principal is the first objective.
When I opened this morning’s newspaper and read another article about what needed to be done to prepare for retirement, I thought of you. “Could you live on just half of your household income?” is the first question asked in this week’s article. Explaining that most people unexpectedly face this task as they approach retirement and look to maintain their standard of living while living on a reduced, fixed income, we realize that not everyone has the flexibility to do this. Looking for new sources of income in retirement may be beneficial. Call us, we’re here to discuss this option with you.
I thought this week’s article was a good one to share with you because it spoke of the risk of putting all of your eggs in one basket, and the idea of putting some of your portfolio into an indexed annuity which “can protect your principal, and all credited interest, from loss during volatile market declines, while giving you some growth when an index rises. And as an insurance product, it can offer you a guaranteed income for life.” We are all about protecting your principal. Call us if this is what you want too! We’re here to help.
I found it interesting to read the Social Security Administration’s comment in this week’s article which states that “one important factor to take into account when you are considering when to collect retirement benefits is how long you might live.” I found the comment ironic since we can do nothing but wage an educated guess on the answer. Statistics are suggesting we will live longer and longer, but who wants to rely on general statistics where outliving an income by even one year could be heartbreaking? Why leave to guess-work an event we want to make sure doesn’t occur? We’re here to help you. Call us to discuss what products are available which create an income stream that is guaranteed to last as long as you live.
I smiled when I read an article that aptly described Annuities. It stated ‘According to a recent Reuters article, annuities are like flat-screen-televisions. They keep getting better with age and cheaper.” Features like “protection from stock market volatility, the potential for additional interest when the market is up, and added benefits – like the guaranteed lifetime withdrawal benefits and long term care benefits – make considering a fixed indexed annuity now or in the future a smart choice.” Call us, we’re here to discuss your choices and help you to choose a good option for your retirement.
We are all aware of how changes in the economy and an increased financial dependence of adult children can place our retirement in jeopardy. I thought to share this week’s article with you because it discussed how ‘These are situations in which a retirement that is not family-proofed will probably be at risk.” Call us to discuss options that may be available to you which could help protect your nest egg from these dangers.
This week’s article was interesting to read in that it talks about “while there are some cases where one can live on less in retirement than pre-retirement, more likely than not, you will spend more per year.” Having an income stream that helps you attain your retirement goals is something that is always in the forefront of our minds. Call us when you get a moment so that we can review what options may be available to help you feel good about your retirement strategies.
I wanted to share this week’s article with you because of the thorough job it did in explaining the benefits of a Fixed Indexed Annuity. A ‘fixed indexed annuity offers a unique combination of benefits that can help you achieve your long-term goals. No other product offers the tax deferral, indexed interest potential, and optional benefits to protect your retirement assets and income.” Call us when you get a moment and discuss what combination of benefits might best suit your needs.
Many of us sit with pen in hand and try to ink out a budget that we can live within. This is especially true in our retirement years. Did you know that each year the Social Security Administration makes available a statement that provides you with an estimate of the monthly benefits for which you'll qualify for when you begin drawing Social Security? You can see the estimate of the monthly benefits you will receive if you look online at ssa.gov/mystatement. Compare that number to the budget you were writing out. Are you short some income? Perhaps an Annuity with an income benefit would meet your goals. Call us; we’re here to discuss retirement planning options that will best suit your needs and circumstances.
This week’s article said that despite more financial control, ‘women are still afraid of becoming a bag lady’. This surprised me, and then got me to thinking. Why should anyone be fearful about their financial well being? There are solutions, and planning that you can do. We have always told our clients that “Greater financial knowledge can help create feelings of more security.” We are here to help you.
We keep hearing that annuities may help you live your retirement the way you want. So a basic question you may have is, “What exactly is an Annuity?” This week’s article does a good job of explaining that “an annuity is a contract between you and an insurance company. You may buy an annuity to get many valuable benefits, including the potential for a guaranteed stream of income in retirement – in some cases for as long as you live. An annuity may help you avoid outliving your retirement savings. Think of it as part of your plan for lifetime income.” We like to think of annuities as a way to help you achieve your long time financial goals. Call us; we’re here to help you understand your retirement options.
I thought that this week’s article would be of interest to you because it tells us that “only 1 out of 10 Americans are saving enough for their retirement’. A reaction to this might be to say that the others aren't saving simply because they aren't thinking about it; when in fact, some of those others just can’t save any more. What do you do if you have reached your capacity for savings? What do you do with that money when you know there will be no more to set aside for the future? Call us, we’re here to help you figure out your future, and help you feel good about your retirement strategies.
Did you know that “when Social Security was created in the 1930’s, the average person was not even expected to reach the full retirement age of 65?” Now days, not only are we more likely than not to reach age 65, we have the risk of living so long that we will outlive our income. That’s where owning an Annuity can help. Call us, were here to talk about your retirement options and feeling better about those wonder years.
We thought you would enjoy this week’s article because it spoke about that in-between time that falls between the two more traditionally identified phases of retirement planning – the accumulation phase, aptly identifying the period of time during which you build your assets for retirement, and the income phase during which your draw down on those assets to support you and your family’s lifestyle. We find Annuities to be a useful part of a retirement framework. Call us if you’d like to discuss the role of Annuities in helping you achieve your long term retirement goals. We’re here to help.
A study recently revealed that “boomers are increasingly seeking safety, security and predictability over growth potential.” “In other words, they want what annuities can offer.” The study found that baby boomers surveyed “are more attracted to guarantees for their retirement savings versus potential high returns with market risks.” Which do you prefer? We prefer safety and not outliving an income stream. Call us if you’d like to talk more about Annuities. We’re here to help.
Senator Orin Hatch announced yesterday that he had thought of a plan that would allow state employees to keep reliable retirement benefits from the day they retire to the day they die. In coming up with the plan, he said he was looking for something that would provide retirement income security. We weren’t surprised when we read that the plan centers around retirees purchasing annuities. Call us; we’re here to help you find a retirement plan that works for you.
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