Will You Have Enough Money to Last Through Retirement?

The ultimate success of everyone's retirement always comes down to two questions:

  1. How much Guaranteed Lifetime Income* do you have?

  2. Have you taken the key Retirement Risks off the table?

 

There are several risks in retirement. However, the top risks are:

  • Longevity Risks - How long are you and/or your spouse going to live?

  • Market Risk - When will the Market crash again and how long will it last?

  • Withdrawal Rate Risk - Is there a point in time that you are withdrawing too much money?

  • Order of Returns Risks - Will you retire in the wrong year when your account value has a chance of going down 40% or more as it did for individuals in 2000 - 2002 and 2008?

  • Inflation Risks - Do we need to keep withdrawing more and more from our accounts just to keep up with the cost of living, and if we do, are we in jeopardy of Withdrawal Rate Risk.

 

But there is really only ONE number 1 risk in retirement.

If we take a look at all the above risks, hands down the #1 Risk is LONGEVITY RISK.

 

Because it is not just a Risk ... It is a Risk Multiplier of all the other Risks.

Why?

  • The longer you live, the more likely the Market could crash;

  • The longer you live, you will probably take out too much money;

  • The longer you live, Inflation could decimate your purchasing power;

  • The longer you live, the odds are higher you probably will need Long Term Care

 

If you or your spouse happen to live past life expectancy to retire successfully you should take Longevity Risk off the table. 

How do you take longevity risk off the table? We can help you through various planning strategies, as well as a mix of the proper insurance and investment products available with guarantees that you may have not properly been introduced to, or aware of. 

 

Do you really know if your current plan and portfolio will get you to the finish line or not? If you have any hesitation in answering this question, please give us a call to discuss.

*Guarantees are based on the financial security and claims-paying ability of insurers.