We can help you design an income plan incorporating insurance and investment vehicles to create opportunities for long-term growth as well as guarantee income throughout your retirement.
Will I have enough?
Life expectancy in the United States continues to increase. The Social Security Administration reported that men who reached the age of 65 on April 1, 2022, could expect to live until 84.1; the average life expectancy for women who reached 65 was even higher at 86.7.1
While that’s great news, one drawback to a longer life is the possibility of outliving your savings. In fact, one study showed that almost half of Americans worry they won’t have enough money to make it through retirement.2
Figuring out the best way to make your savings stretch over the next 25 to 30 years can not only be confusing, it can also be overwhelming.
But it doesn’t have to be that way.
Insurance products like annuities can provide a steady and reliable income stream for the rest of your life, while investment products create opportunities for long-term growth. We can help you incorporate both in a financial strategy designed to put you on the path to the retirement lifestyle you want.
1 Social Security Administration. “Important Things to Consider When Planning for Retirement: What is Your Life Expectancy.” https://www.ssa.gov/benefits/retirement/planner/otherthings.html?tl=1. Accessed Aug. 15, 2022.
2 E. Napoletano, Contributor. John Schmidt, Editor. Forbes Advisor. Updated July 15, 2022. “Top 4 Retirement Worries — And How To Handle them.” https://www.forbes.com/advisor/retirement/top-retirement-worries/. Accessed Aug. 15, 2022
Have Questions for Ensign Wealth Management?
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