Posts Tagged ‘retirement free from financial worries’

It’s Never too Early to Start Planning for the Future

Tuesday, July 30th, 2013

For many people, retirement seems a thing of the inconceivable future, as distant and unreachable as the most faraway and remote destinations in the world. Twenty- and thirty-somethings in particular, for whom retirement has not yet become an all too looming reality, can quickly turn into negligent savers, putting planning for the future on hold and getting back on the line only when old age factors into the equation.

But planning for retirement is like training a puppy: the sooner you start, the better, and the more long-term rewards you’ll have down the road, even if it’s a difficult process in the beginning.

More and more, young people are forgoing 401(k)s and IRAs in favor of spending their money elsewhere: maybe they have student loans to pay off or feel like they’re struggling to make the rent from month to month. The problem is, it’s easy to get caught in a cycle of making excuses about putting money away, and the reality is that it might never seem like you have a dispensable income, free to be subjected to your whims of saving and spending at any given time.

That’s why it’s important to make saving for retirement a habit, and one that’s developed as early on as possible. When you’re still young, you can invest a relatively small amount for a short time annually and still produce impressive savings, whereas someone older with more money who invests over a longer period will produce less in the long run.

Starting the saving process can seem a bit daunting, though, and understanding the best investment plan for your lifestyle can be tricky, which is why Safe Retirement Solutions has a team of experienced professionals who will consult with you and help you devise a course of action.

Don’t let your youth hold you back: starting early is your best bet for peace of mind as you mature in years. To schedule a complementary consultation with one of our expert advisers, please click here and visit our website, or call us at 877-268-4086. Remember: Safe Retirement Solution’s financial advisers are here to help you along any step of the way in planning for your future.

You can also follow Safe Retirement Solutions on Facebook and Twitter.

Sources:

Retirement planning for 20-somethings

 

The U.S. Government Accountability Office Recommends Income Annuity as a Retirement Income Option

Tuesday, January 24th, 2012

In a U.S. Government Accountability Office (GAO) report, Ensuring Income Throughout Retirement Requires Difficult Choices, financial experts recommend buying an immediate annuity to supplement your retirement income. While Social Security continues to be the primary source of fixed income in retirement, it fails to meet all of the financial needs of retirees. Other contributing factors in the growing importance of income annuities include:

  • The shift from employer-sponsored defined benefit pension plans to defined contribution plans
  • Increasing life expectancies
  • Retirees are being forced to assume more responsibility for managing their savings to ensure that they have sufficient income throughout retirement

An income annuity is a wonderful alternative to self-managing savings, offering a steady source of income that retirees will not outlive. Other benefits of income annuities include:

  • Help protect retirees against the risk of underperforming investments
  • Help protect retirees against the risk of outliving their savings (longevity risk)
  • Help relieve retirees of the task of managing their investments at older ages when their capacity to do so may be diminished, and
  • Provide a base of guaranteed income that may serve as a dependable “cushion” for retirees

Still, income annuities are not for everyone. Consult a financial adviser to find out if an immediate annuity makes sense for you.

If you have any questions about what you have just read, or if you would like to know more about annuities and retirement planning, consult the financial advisors at Safe Retirement Solutions by calling 877-268-4086 or visit our website today!

We help our clients in all phases of their retirement planning. We help them prepare for a retirement free from financial worries, so that they can enjoy their retirement years. We help to enable our retired clients with the transition of their wealth into a carefree income that will last them a lifetime.

You can also follow Safe Retirement Solutions on Facebook and Twitter.

Sources:

GAO Report Suggests Annuities as Retirement Income Option