What does retirement mean to you? Does it mean a chance to spend more time with family and friends, take up a new hobby, or travel the world? However you think about it, its a new and exciting phase in your life. And today, retirement often lasts 30 years or more. Will your retirement savings be there to do the things you've always.
The chief concern for people getting ready for their retirement years is that their financial resources last a lifetime. Making sure those "golden years" are indeed golden is a priority and fortunately, there are some strategies you can employ to make sure your money lasts as long as you live.

First of all, it's important to find ways to maximize returns on money in order to keep pace with inflation. It's also important to be comfortable with the risk level you are willing to assume on your money. Lastly, it's a good idea to make sure that you're financially protected in the event of an illness, and that you have an estate plan in place.

If you are looking for a way to invest that contrasts to the risks of the stock market, one option is a fixed annuity. In short, fixed deferred annuities provide the safety of a fixed interest rate that allows money to grow at a guaranteed rate of interest while also providing tax-deferred growth of your money, a competitive rate of return, and guaranteed income for the rest of your life. Tax advantages are yet another benefit of investing in annuities. Income earned from an annuity is subject to tax only as payments are made thus you can enjoy a steady stream of income without having to worry about a huge tax bill. Lastly, something else that no other investment vehicle offers is that annuities come with a premium guarantee that promises you will never receive back less than what you initially paid for your policy.

Different types of annuities offer varying levels of return, making it easy to find an annuity that suits your risk level. Immediate annuities are popular with retirees since they provide an income at once or soon after purchase. A fixed annuity is a great way to supplement retirement savings, allowing you to let your savings grow tax-deferred.
For more information on how to better plan for retirement call (210)240-8128 or walqahtani@ft.newyorklife.com