Page 70 - Senior Link Magazine Spring 2024 - Online Magazine

SENIOR RESOURCES

FINANCIAL Peace of Mind

IN eliminate advisory fees that reduce your
REtiREmEnt values.

“Annuities, specifically Fixed Indexed
Annuities (FIA) can offer you market-
like gains without the market risk. By
investing in an FIA, you are taking
The following information is especially important to Seniors your money out of Wall Street’s casino,
approaching age 65 or retirement, and who plan on taking and we think that’s a good thing! FIA’s
distributions from their investments as a supplemental income. experience ZERO LOSSES. This proves
you don’t need double and triple-
digit gains if you don’t experience
n our last few editions, I gave readers should be. But in reality, the years right losses. In this author’s opinion, every
ways to use annuities to create a before and after the beginning of their sound portfolio with a smart financial
Iguaranteed lifetime income and how retirement matter far more than those plan includes Fixed Indexed Annuity
to protect their assets with long term later years. So if someone ask you, investments, with tactically managed
benefits provided by annuities. “When is the most risky, most critical portfolios in hopes to minimize market
time for a retiree, when they should not risks, reduce advisor fees and deliver a
Knowing you have these possibilities, let mess anything up?” It is right here. If
us address the possibility of an economic they want to pick a time in their life to reasonable rate of return.” (Ford Stokes,
MBA, Annuity360, chapter 1)
downturn caused by a market collapse. not lose money, that period would be the
This can change your dreams for a happy last 5 years that they are working and the Annuities can help build a secure
retirement! I have a simple method first 5 years of retirement.” (Tom Hegna, retirement through different income
that will exempt you from that ever Don’t Worry, Retire Happy) strategies, while also alleviating any
happening with a little sound financial stress or fear people may have that is left
planning. After the economic downturn of 2008- over from the financial crisis of 2008 and
2009, which saw the S&P 500 lose 53% the bear market. An annuity can protect
I am reminded of Warren Buffet’s Two of its value, many retirees suffered with
Rules of Investing: lower retirement expectations, and it against several risks that can affect
retirees and pre-retirees and offer a better
1. Never lose money. changed many lives! 69% had to postpone
2. Never forget rule #1. their retirement or decided not to retire financial safety net than other investment
types. They can play an important role in
at all. Income goals were reduced, forcing
“Many advisors believe the older one is, retirees to subsidize their income with a plan, along with your social security,
the more conservative their investments part-time jobs. healthcare, and other factors.
Annuities are required to reserve 100%
More recently, we have of your investment! Banks are only
seen inflation cause required to reserve 3-10%. Having a 100%
interest rates to spike, reserve on your money will help you
causing bonds to lose sleep at night, knowing that your money
double digit value. Are is protected!
there any “safe harbor”
investments out there Famous people who have invested
that will not lose money a significant amount of their hard-
and not break Warren earned wealth in annuities include
Buffet’s rules? There is Babe Ruth, quarterback Steve Young,
Lowell Bridges an investment, called a basketball greats Shaquille O’Neal and
806.790.1625 Fixed Indexed Annunity, Allen Iverson, Benjamin Franklin, and
2513 86th ST ste.A, Lubbock, TX 79423 AFC member 2023 that can help you do the Beethoven.
www.seniorbenefitssolutionsofwesttexas.com following. It can protect
your money from market Financial peace of mind in retirement can
losses, both stocks be obtained by growing and protecting
Association of Financial Consultants (AFC) is an IRS-approved and bonds; grow your
501(c)(3) non-profit organization. AFC serves as an informational money with market-like your wealth with Fixed Indexed
teaching resource for the general public. AFC member fiduciaries and gains; create a safety Annuities in your Retirement Financial
consultants are committed to public service. We offer Educational Plan.
workshops and classes at no cost or obligation to the attendees. net around a portion of
your investments; and

A special thanks to Tom Hegna, author and lecturer, for ideas contributing to this article, and Ford Stokes,
author of Annuity 360. Ask me for your free copy!

70 Lubbock Senior Link