Tags: Retirement

Good News: You're Going to Live Longer

By Thursday, 04 June 2015 01:08 PM Current | Bio | Archive

The Society of Actuaries recently released a major report stating that you’re likely going to live longer. Their report shows the life expectancy for men age 65 has risen 2 years to 86.6 and women age 65 can add 2.4 years, pushing life expectancy to age 88.8.

The increased life expectancy that they’ve calculated means your money in retirement probably will need to stretch even further.

Those lucky enough to already have a guaranteed income rider on their fixed indexed annuity have locked in today’s favorable payouts for the rest of their lives. If your retirement nest egg is in the stock market, or exposed to market risk, you may have to make some difficult choices to make your money last a few more years.

You see, as your life expectancy increases, the number of years you need to plan for in retirement increases as well. Making money last a few more years may require difficult choices like starting retirement later, a lowered standard of living, or moving in with family . . . but it doesn’t have to be this way.

Those who have added a fixed indexed annuity with a lifetime income rider to their retirement strategy are positioned to benefit from the good news of longevity. You see, the insurance company underwriting an annuity’s income rider takes on the financial risk associated with increases in longevity, ensuring annuity owners are guaranteed the income outlined in their annuity contract.*

If your retirement funds are in the stock market or mutual funds, then your retirement dollars are subject to market risk. It’s time to develop a retirement income strategy that can help you cover essential expenses in retirement.

Consider adding this reliable source of monthly income that can be generated by a portion of your nest egg, and enjoy the confidence that comes with contractually guaranteed income from an annuity.

If you have at least $100,000 set aside for retirement, Crown Atlantic — an insurance agency with a nationwide network of annuity professionals — is ready to help you earn up to 30% more income from your retirement nest egg.

It all starts with a call to Crown Atlantic, where we’ll start to discuss what’s needed to create an individual retirement income strategy that you can have confidence in during your golden years.

Learn more, get our 2015 Retirement Income Planner along with a personalized Retirement Income Analysis. Contact us by calling 855-386-4552 to speak with Crown Atlantic today!

Joe Stark is the CEO of Crown Atlantic Insurance, LLC in Boca Raton, Fla. Stark is an insurance industry veteran with more than 25 years of experience. For more of his reports, Go Here Now.

*Annuity guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company; they are not insured by the FDIC. Annuities are long-term insurance contracts designed for retirement. As a result there may be fees or penalties for early withdrawals, including surrender charges, and if taken prior to age 59 1/2, withdrawals may be subject to a 10% federal additional tax. A fixed indexed annuity is not a registered security or stock market investment and does not directly participate in any stock or equity investments, or index. The applicable index is a factor that in part determines the interest to be credited.

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If your retirement nest egg is in the stock market, or exposed to market risk, you may have to make some difficult choices to make your money last a few more years.
Thursday, 04 June 2015 01:08 PM
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