Strategies that use annuities to guarantee monthly paychecks for life can be achieved.


Strategies that use annuities to guarantee monthly paychecks for life can be achieved.


There was a rumor spreading that President Obama might utter the word annuity during his State of the Union address earlier this year, the insurance industry was excited. Agents were encouraged by the president's impending seal of approval as a reason to diversify.


Although Obama never actually mentioned the A-word in his speech, his Middle Class Task Force later recommended annuities as a good way to reduce "the risks that retirees will outlive their savings or that the retirees' living standards will be eroded by investment losses or inflation."


The need for lifetime income is huge and growing as life expectancies continue to increase and traditional sources of guaranteed income disappear. For a 65-year-old couple, there's a 25 percent chance that one spouse will live until age 97, yet fewer people are retiring with pensions, and Social Security covers only a small portion of most people's expenses. Many retirees who had planned to fill the income gap with their savings are wondering where to turn after suffering through severe market downturns over the past decade. An annuity may be the answer, but not all annuities are alike, and some may not be appropriate for you. You will never know unless you ask questions.


With recent events and the volatility of the stock market, we must be careful. If you are looking for a way to preserve and protect from losses and have your money last for a lifetime. There is a way to make sure your hard earned money from the last 30-35 years does not go up in smoke. Call and see if what we offer will make your goals become a reality, (719) 980-0595.