Page 66 - Senior Link Magazine Summer 2024 - Online Magazine

SENIOR RESOURCES SENIOR RESOURCES

FINANCIAL Peace of Mind

IN
reTiremenT leverage of mortality credits, offered
by an annuity! Do you see how life
insurance and guaranteed lifetime
income are tied together? This is the
new “retirement alpha” that is the
key to success in retirement.
The following information is especially important to Seniors
approaching age 65 or retirement and who plan on taking Research also shows you will
distributions from their investments as a supplemental income. be happier in retirement with
guaranteed lifetime income. This
n our last few editions, I gave things they said they were going happiness and reduced stress level
readers ways to use annuities to do in retirement. They said they may very well allow you to live
Ito create a guaranteed lifetime were going to buy a boat, join the longer as well. Think about that –
income and how to protect their country club, and take a cruise simply adding a guaranteed lifetime
income annuity will increase the
assets with long term benefits around the world. I ask them, “Have
provided by annuities. you done that yet?” The answer, returns of your portfolio, lower the
risk, and allow you to be happier and
“No, we need to keep this money –
When you ask most people how just in case, just in case, just in case.” live longer!
much money they want to leave These people are living what I call “I love to run into annuity non-
their children or grandchildren, a “Just-in-case retirement!” So they
many of them say, “Well, I guess don’t spend their money, they don’t believers. They have received
their information from television
whatever is left over when we die…” spend their money, and they don’t
but is this the most efficient way spend their money, but then what personalities who get paid to sell
investment products. They hate
to transfer assets? I don’t think so. happens? They die. What happens
Additionally, many seniors live a to the money? It goes to their kids. annuities. Yet, in less than five
minutes, I can prove every one of
diminished retirement because, in What do they do with it? THEY buy
the back of their minds, they want the boat. THEY join the country club, them wrong. I simply ask them to
build a portfolio they think I cannot
to “leave something for the kids.” I and THEY take a cruise around the
ask people if they have done all the world! beat – yep, load up on stocks and
bonds. I then simply reach into
their portfolio and remove some
Why not decide of the bonds. I replace them with
UPFRONT how
much to leave the a lifetime income annuity. Do you
know what that does to the portfolio?
kids? Then, for
PENNIES on the It increases the returns and lowers
the risk! The bottom line: If your
dollar, use life
insurance to go to retirement portfolio does not include
some guaranteed lifetime income,
the kids, income and
estate tax free! You it is SUBOPTIMAL (less than what
it could or should be!) “says, Tom
get the leverage of
Lowell Bridges “mortality credits” Hegna, author: Retirement Alpha.
806.790.1625
2513 86th ST ste.A, Lubbock, TX 79423 AFC member 2023 offered by the life The easiest way for most people to
insurance policy by
www.seniorbenefitssolutionsofwesttexas.com take advantage of guaranteed lifetime
the longer you live. income is simply to replace some or
Then you can buy
Association of Financial Consultants (AFC) is an IRS-approved guaranteed lifetime all of their bonds with a guaranteed
501(c)(3) non-profit organization. AFC serves as an informational lifetime income annuity. That is a
teaching resource for the general public. AFC member fiduciaries and income—receiving recipe for success and peace of mind
consultants are committed to public service. We offer Educational DOLLARS for in retirement!
workshops and classes at no cost or obligation to the attendees. pennies from the

A special thanks to Tom Hegna, author and lecturer, for the contribution in his publication from
Retirement Alpha, How Mortality Credits Improve Retirement Outcomes, 2019.

66 Lubbock Senior Link