• Robert DiCristofaro

Investments that Last


Studies have shown that most Americans are more afraid of running out of money in retirement than dying! You've scrimped and saved contributing to your nest egg but will it be enough? How can you predict what the market will be doing in the next 15 years? You can't! Theres no way of knowing what the market will be doing in the next 15, 10, or even 5 years. By the way, 15 years is the average length of retirement in the US, which means if you plan on retiring and only account for 15 years you have a 50% chance of being wrong.

I've heard it all before "I'm never going to make it past ______ years old" or " Everyone in my family dies at _____ age". No one knows when they are going to die. My own grandmother is set to turn 90 this year she was one of 6 sisters, the 3rd youngest, and is now the last surviving sister. Right around the age most of her sisters passed away, she had a lengthy 1year stay in hospitals and nursing homes; which would have wiped out her savings if she wouldn't have had an LTC policy that paid for most of her nursing home stay, but that's another Blog. The point is, planing to live a set number of years is like being the grasshopper in Esop's fable, and winter is coming. The last thing you want to do is be a burden on your family and friends.

So, can you live the rest of your life with out worrying if you'll run out of money in retirement? Of course, the answer is a resounding YES! With the retirement programs we offer at 1st Cannon you can get the same payment for the rest of your life. But what if it runs out of money? By using the income rider attached to your program, you will have a stream of money you can't out live, even if your program runs out of money! By supplementing your retirement income with a program that works like a personal pension, you'll never have to worry about running out of money in retirement again.

Or, maybe you have a pension where you work. Some companies don't offer 100% survivor payments as an option to your spouse, or you might be worried about the strength of your company's pension if new money is no longer going in. Can I get my money out of the pension where I work? With many companies you have the ability to receive your pension as a lump sum; which might turn out to be advantageous. It never hurts to get a second opinion when your retirement is on the line.

#retirement #investments #pension #annuity

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