Many
seniors can recall when Social Security was regarded as the basis for a
retirement income plan. The government guaranteed the lifetime payments with
occasional cost-of-living increases. Then corporations stepped to the plate and
provided defined benefit plans that assured employees a lifelong income during
retirement. With these two revenue sources, it became easy for retirees to feel
confident in their financial futures.
But
times have changed. In the late ’70s and early ’80s, high interest rates and
inflation meant Social Security and pension plan checks would not buy as much as
they had before. And scores of people were forced to live on less.
Then
in the ’90s, many companies did away with their pension plans to give workers
more control of their retirement dollars and offered 401(k)s and similar defined
contribution plans. The stock market surged, and employees invested their money.
Of course, we all know what happened afterwards.
Your
employer may have canceled its pension plan before you retired. And the future
of Social Security is always a popular subject for the politicians to debate.
However, there is no reason that you cannot create your own personal pension
plan to fill a possible gap in your lifetime income plan.
A
fixed immediate annuity can provide an income that you cannot outlive and
supplements Social Security and investment income. In addition, options such as
inflation protection and survivor income are available to meet your specific
needs.
For
a free illustration on how the lifetime income from an immediate annuity can add
to your retirement plan, please click the
"Contact Us" page link on the left.
Please include your date of birth and the income you want to receive or amount
of possible investment.
Advisory Services offered through
Envision Investment Advisors, LLC., An SEC Registered Investment Advisory Firm.
(Envision & Crossroads Retirement are not affiliated.)
Will Your Income Last a Lifetime?
