Strategies to Help Your Retirement Income Sustain Your Lifestyle
Saving for retirement income requires diligence and discipline. However, despite your hard work, there may be times when your retirement savings is not enough to sustain your lifestyle during your retirement years. You may have thought you could rely on one type of savings strategy as a sole source of income, but when reality presents the contrary, such as a rise in health care costs or unexpected expenses, it may be evident you need another plan.
Successful retirement savings requires knowledge of various insurance products that can increase the viability of your money. One option is fixed indexed annuities.
Benefits of Fixed Indexed Annuities
If you’ve ever wondered how fixed indexed annuities can help you during your retirement, this may be your chance to find out. This type of insurance product helps to increase the amount of retirement income you can receive in the future, particularly with living income benefits. The potential for gaining more on your insurance vehicle is based on interest rates generated from the performance of the stock market.1.
To learn more about retirement income call your financial professional. You’ll be informed about retirement income options and which plan may be best for you.
This information is designed to provide a general overview with regard to the subject matter covered and is not state specific. The authors, publisher and host are not providing legal, accounting or specific advice for your situation. By providing your information, you give consent to be contacted about the possible sale of an insurance or annuity product. This information has been provided by a Licensed Insurance Professional and does not necessarily represent the views of the presenting insurance professional. The statements and opinions expressed are those of the author and are subject to change at any time. All information is believed to be from reliable sources; however, presenting insurance professional makes no representation as to its completeness or accuracy. This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice.
Annuities are insurance products backed by the claims-paying ability of the issuing company; they are not FDIC insured; are not obligations or deposits of, and are not guaranteed or underwritten by any bank, savings and loan or credit union or its affiliates; are unrelated to and not a condition of the provision or term of any banking service or activity.