How do you define “financial freedom”? Would you agree that financial freedom means never worrying about whether you could pay your monthly bills because the income you receive per month is more than your monthly expenses? And what if you could receive that income for the rest of your life without lifting a finger to receive it?
This scenario is not a fairy tale, and there are people just like you who are and will enjoy what I just described. Most of these retirees included what’s called an annuity in their retirement portfolio, and they are ecstatic that they did.
According to the Social Security Administration, 10,000 baby boomers turn 65 every day, and this will continue every day for the next 12 years! Let that sink in for a minute. As you might have guessed, this is going to be monstrous on Social Security and Medicaid which is why even the US government is actively suggesting people add an annuity to their retirement portfolio. But what is an annuity?
According to the Social Security Administration, 10,000 baby boomers turn 65 every day, and this will continue every day for the next 12 years! Let that sink in for a minute. As you might have guessed, this is going to be monstrous on Social Security and Medicaid which is why even the US government is actively suggesting people add an annuity to their retirement portfolio. But what is an annuity?
An annuity is a contract between you and an insurance carrier that guarantees your investment and your growth. This means you will never lose money due to stock market volatility. Annuities are protected by a State Guaranty Association which acts like the FDIC in the banking industry. But one of the most attractive features of an annuity is most offer the ability to turn the accumulated cash value into a guaranteed lifetime income payment. If you add an annuity’s lifetime income payment to a Social Security benefit payment, your guaranteed income could be more than your monthly bills – freedom!
Make an appointment today to discuss adding an annuity to your retirement plan so you too can be free. It’s your money . . . until you give away.