Income guaranteed to provide steady retirement income with an Annuity, by Warren Elkin, Lifetime Retirement Income Planning.

Consider annuities with an income guarantee to provide steady retirement income.

One of the biggest concerns to investor is making sure their portfolio will provide them with the retirement income they’ll need in those Golden Years.

Annuities bring ‘certainty’ to income streams. 

With today’s uncertain economic times annuities with minimum, income guarantees are getting a closer look by baby boomers, and retirees, to provide that all-important anchor to their portfolios.

What’s more, annuities are even becoming a popular option within the 401(k), according to “Annuities on the rise in 401k plans,” an article on the Kiplinger website.

Income…even if the market fails.

“Fear of a market downturn right before retirement is leading to record sales of annuities with income guarantees…you invest in mutual funds but are promised a minimum income stream every year in retirement for life, even if the market fails,” notes the article’s author, Kimberly Lankford.

Before 401(k)’s became portable, employees had no way of taking an annuity with them to their new place of employment; today, the guaranteed income from an annuity can ‘follow’ workers throughout their working career.

“…employers (are) more will to offer these products. Insurers…now also offer rollover IRAs specifically for the guarantees,” says Lankford.

Purchase with taxable income, or in a rollover IRA.

If an employer offers limited choices of an annuity in their 401(k) program, the investor can still use a portion of any rollover money from the account to buy an annuity product with a better guarantee in the rollover IRA, Lankford noted.

Of course, annuities can be purchased outside an employer’s 401(k) using an investor’s taxable funds, or through an IRA (Individual Retirement Account.)

Make sure you have all the facts necessary to make the right decision with your financial future by calling us today! We can help you with information regarding Annuity, Annuities, Fixed Annuity, Fixed Annuities, Variable Annuity,Variable Annuities, Immediate Annuity, Immediate Annuities, Income Annuity,Income Annuities, Deferred Annuity, Deferred Annuities, Index Annuity, Index Annuities, 401k Rollover, IRA Rollover, Retirement Income Planning, Immediate Fixed Annuity, Immediate Fixed Annuities, Annuities Calculator, Deferred Variable Annuity, Immediate variable Annuity, Immediate Income Annuity, Immediate Income Annuities, Deferred Variable Annuities, Best Fixed Annuities,
Best Fixed Annuity, Fixed Deferred Annuities, Fixed Index Annuities, 401k, Rollovers, IRA Rollovers, Advanced Retirement Income Solutions, Retirement,Income Planners, Retirement Income Solutions, Zero Risk Investments.

Speak with us now at 877-476-5051, email Warren at warren@warrenelkin.com, or go to www.LifeTimeRetirmentIncome.com to learn more about Warren Elkin of Norhill Financial and his unique process to make sure your financial decisions are made in your best interest.

Worried about Retirement? No Pension? Generate Guaranteed Income through an Annuity by Warren Elkin, Lifetime Retirement Income Planning

Annuities with Lifetime Retirement Income Planning

Annuities with Lifetime Retirement Income Planning

The changes in corporate America, even before the economic downturn 2008, pointed to a time when fewer retirees would have a company pension to rely on.

Today, workers must rely on funding their own retirement accounts, hoping that cash-strapped employers will match such contributions in the 401(k) right up to the door leading to retirement.

For many investors, the fear of not having a stable, income-producing retirement portfolio can be palpable, but not without hope: Capturing a guaranteed income stream, even in down markets, is possible through an annuity and a very viable source for retirement income.

“How to create your own pension plan,” an article on Inc.com, offers the investors a guidepost on as to why the annuity is a much-needed anchor in today’s retirement portfolio: Young, old or already reaching retirement, readers can benefit from his overview.

Why an annuity is not like your 401(k)

Many workers contribute monthly to their company’s defined contribution retirement plan, which can be a Roth IRA or the 401(k).  Money invested in within these accounts are not a source of guaranteed income. But purchasing an annuity becomes a contract with the insurance company to pay you a given amount—regardless of how long you live!

Annuities mirror pensions in many ways

The main takeaway in making this comparison is knowing you can rely on this insurance product to payout a minimum guarantee, an income stream that keeps on paying in the worst of times…much like a pension would do.

For sure, an annuity is a welcomed option in today’s post financial crisis.

Make sure you have all the facts necessary to make the right decision with your financial future by calling us today! We can help you with information regarding Annuity, Annuities, Fixed Annuity, Fixed Annuities, Variable Annuity,Variable Annuities, Immediate Annuity, Immediate Annuities, Income Annuity,Income Annuities, Deferred Annuity, Deferred Annuities, Index Annuity, Index Annuities, 401k Rollover, IRA Rollover, Retirement Income Planning, Immediate Fixed Annuity, Immediate Fixed Annuities, Annuities Calculator, Deferred Variable Annuity, Immediate variable Annuity, Immediate Income Annuity, Immediate Income Annuities, Deferred Variable Annuities, Best Fixed Annuities,
Best Fixed Annuity, Fixed Deferred Annuities, Fixed Index Annuities, 401k, Rollovers, IRA Rollovers, Advanced Retirement Income Solutions, Retirement,Income Planners, Retirement Income Solutions, Zero Risk Investments.

Speak with us now at 877-476-5051, email Warren at warren@warrenelkin.com, or go to www.LifeTimeRetirmentIncome.com to learn more about Warren Elkin of Norhill Financial and his unique process to make sure your financial decisions are made in your best interest.

Retirees Struggling: Lifetime Retirement Income Planning can help by Warren Elkin, Norhill Financial

 

Guaranteed Solutions

Guaranteed Solutions from Lifetime Retirement Income Planning.

Retirees are struggling. With Memorial Day only a weeks away, there is a certain buzz in the air of couples looking forward to a date night away from daily responsibilities.  The holiday forces busy people to carve out alone time to go to that new restaurant, to try a new recipe, or just to have time away from the kids.  I can’t tell you how many times I’ve heard clients look forward to retirement for much the same reasons, a time to finally be together.  Quality of life in retirement will improve significantly once routine stresses have been eliminated, right?

Unfortunately, according to NPR, one third of new retirees say their finances are worse than before they retired.  That doesn’t make for a blissful second honeymoon phase, does it?  Money troubles can start to wear on a couple in retirement, which is why meeting with a financial planner is so crucial.  Set up a time to meet with me today to keep your finances, and maybe even your romance, alive.

It makes sense that retirement would be an adjustment for couples who have spent decades having their own separate space.  Here are a few common reasons for domestic friction during retirement:

  • Men and women alike might define themselves by their career, so ending the job routine can be hard on someone’s sense of self.  With one or more parties feeling lost, the relationship can endure a rift.
  • Let’s say a man has worked outside of the house for as long as he can remember while he his wife has carved out her own daily routine.  Now that the husband is home, it can disrupt his wife’s schedule and cause some resentment.
  • Everyone has their own vision of retirement life, and if you don’t discuss and plan that dream together then you’ll both be left disgruntled when the reality isn’t what you had imagined.

Most, if not all, of these common spousal retirement arguments can be solved with good communication.  Recognize that while planning retirement should be a joint effort, you do not need to spend every waking moment together once you reach it.  Still be sure have your own activities, friends and space so that those special moments together continue to feel special.  Spending so many Valentine’s Days together is a monumental achievement, but be sure to save your romance by giving yourself a strong financial foundation for your retirement; meet with me early on to nip these money troubles in the bud.

Make sure you have all the facts necessary to make the right decision with your financial future by calling us today! We can help you with information regarding Annuity, Annuities, Fixed Annuity, Fixed Annuities, Variable Annuity,Variable Annuities, Immediate Annuity, Immediate Annuities, Income Annuity,Income Annuities, Deferred Annuity, Deferred Annuities, Index Annuity, Index Annuities, 401k Rollover, IRA Rollover, Retirement Income Planning, Immediate Fixed Annuity, Immediate Fixed Annuities, Annuities Calculator, Deferred Variable Annuity, Immediate variable Annuity, Immediate Income Annuity, Immediate Income Annuities, Deferred Variable Annuities, Best Fixed Annuities,
Best Fixed Annuity, Fixed Deferred Annuities, Fixed Index Annuities, 401k, Rollovers, IRA Rollovers, Advanced Retirement Income Solutions, Retirement,Income Planners, Retirement Income Solutions, Zero Risk Investments.

Speak with us now at 877-476-5051, email Warren at warren@warrenelkin.com, or go to www.LifeTimeRetirmentIncome.com to learn more about Warren Elkin of Norhill Financial and his unique process to make sure your financial decisions are made in your best interest.