News
Pay Your Guaranteed Bills in Retirement with Guaranteed Income
How Can You Pay Your Guaranteed Bills with Fluctuating Income?
Most retirement plans have not incorporated the longevity risk. Mortality risk is a risk multiplier that acerbates other retirement risks. Without mitigating mortality risk, many middle class retirees could exhaust their 401(k)s and be left with Social Security and a little equity in their homes. The possibility is based on the sequence of returns, the math principle of withdrawing from your retirement plan in down markets. The sequence of returns during that period of the Great Recession left some retirees reeling with cash shortages and a future some are still recovering from.
Living longer may affect the quality of life because medical bills and long term care costs will absorb discretionary dollars. 70% of seniors today use some long-term care assistance. Living longer will only compound the problem and the expense. If the baby boomer generation gets tight with their money, it could cause a rippling affect on the economy as spending grinds to a halt.
Inflation is a real and ever present danger to seniors. It doesn’t matter what the declared rate of the CPI is or any other inflation indicator, if it doesn’t include the commodities of life; it’s a worthless gauge. The purchasing power of your retirement dollar is a risk and the longer you live the risk becomes greater. It is estimated that over the last 50 years the purchasing power of the dollar has eroded 85%. It could be a mini-depression for those living past average mortality expectations just to pay the bills. Even Social Security can’t be relied upon to generate a cost of living adjustment (COLA). Over the last seven years, Social Security has credited little to nothing in COLA for Social Security recipients.
Only guaranteed lifetime annuities can generate life-long income and can be purchased with a COLA to meet increasing costs of living during retirement. Without guaranteed lifetime income and an inflation rider, you’re subject to running out of money with no increase to meet the demand of the increasing costs of basic goods and services. Now is the time to purchase a block of income for your portfolio.
Lindahl has authored two books available on Amazon.com The Pros and Cons of Indexed Annuities and Retirement Reality Check.
Portions of this press release contain content from Lightbulb Press with permission.
More News
Risk & Reward: Everyone Has Some Threshold of Financial Pain
Most people have a predisposition about risk. It’s generally environmental and based on family upbringing. That doesn’t mean it’s necessarily right, it’s just where you are, depending upon your financial literacy. Whether you know it or not, you ...
Released On: 12/27/2019
Views: 1936
Establish Your Financial Timeline Based On Approximating Your Life Span
There are mortality averages based on actuarial statistics that can approximate the life expectancy of the general population at large. But “averages” don’t address half of those who will exceed the norms. The more data you put into determining y ...
Released On: 12/26/2019
Views: 1871
You Can’t Make Good Financial Decisions Without Knowing Your Effective Tax Bracket
For most wage earners and retirees taxes are the biggest expense they’ll ever have over their lifetime. Managing your tax bill effectively is learning to become a “gamer,” by avoiding tax traps and snares along life’s journey. You have to know th ...
Released On: 12/25/2019
Views: 1794
Baby Boomers Must Create a Retirement Budget or Risk Losing Control of their Money
It’s rather stunning to discover that most baby boomers have never had a budget in their life, but they’re going to need one in retirement. Retirement may be the biggest motivator for most Americans to create a budget because retirees live month ...
Released On: 12/24/2019
Views: 1900
Life Has Milestone Events That Have A Financial Impact
Life just happens, but there are predictable events common to most in our culture and most of those events have a financial impact. Planning for those predictable events can prepare you to meet many of these obligations. The life event checklist ...
Released On: 12/23/2019
Views: 1973
The Extension of Human Life Expectancy: The Final Frontier of Retirement Planning
The Mortality Revolution may very well be the final frontier in mankind’s quest to beat death. So far, the grim reaper has won every time, but new timelines are emerging in human longevity that are delaying the inevitable. Prepare yourself for l ...
Released On: 12/20/2019
Views: 1792
Longevity Risk is its Own Risk Multiplier of Every Other Retirement Risk
Living longer is exacerbating over a dozen other retirement risks that threaten the vast majority of retirees and those near retirement. If the status quo continues, the retirement lifestyle of most seniors will be severely pared back. Watch the ...
Released On: 12/19/2019
Views: 1834
Almost All Retirement Plans Need Serious Updating in Light of the Mortality Revolution
Most of the retirement plans currently operational have a significant flaw. They’ve grossly underestimated the increase in life expectancy over the last generation. But government and military pensions are in the greater financial jeopardy, becau ...
Released On: 12/18/2019
Views: 1807
Bonds Have Interest Rates, Stocks their Dividends, Annuities Longevity Credits
The law of large numbers and changing demographics of life expectancy is having a significant impact on guaranteed lifetime annuities. Annuity manufacturers are touting their alpha with mortality credits and receiving newfound interest among fina ...
Released On: 12/17/2019
Views: 1824
Shock! The Age Wave is Upon Us and We’re Not Ready
The last 100 years have seen a significant increase in human longevity compared to the earliest records of mankind. The spike in longevity has caught the Western world by surprise. The effects of this revolution are affecting financial planning a ...
Released On: 12/16/2019
Views: 1780
Protecting Social Security Benefits from Taxation
There was a time when Social Security benefits were not exposed to ordinary income taxation. But over the years, small incremental steps were taken to tax the benefits. Maybe “means testing” may be implemented to shore up the vulnerable Social Se ...
Released On: 12/13/2019
Views: 1470
Collateralized Loans from Cash Value Life Insurance Policies & Home Equity Could Be Tax Free
Collateralized loans are not characterized as income and are not reportable, as such, on your 1040 form. And because these loans are not forms of taxable income, they are not counted for the provisional income test for Social Security taxation. W ...
Released On: 12/12/2019
Views: 1935
Tax Management in Retirement Requires Tax Management During the Contribution Period
Retirement, as it is today, is inherently crippled by taxes. You may very well have one million dollars in your retirement plan, but Uncle Sam may own up to 40% of it. Health Savings Accounts (HSA) and Roth IRAs need to be reconsidered as a first ...
Released On: 12/11/2019
Views: 1738
Taxes in Retirement is the #1 Threat in Retirement Cash Flow
Most American workers don’t comprehend the realities of retirement until they’re a few years from retirement date, which is often too late. They’re just too busy dealing with immediate financial pressures to understand the long-haul consequences ...
Released On: 12/10/2019
Views: 1770
Retirement Facts, Stats and Hacks for the Next Generation
Retirement will undergo a drastic reinvention as the newest generation redefines it's golden years in their investment habits and senior lifestyle goals. https://www.youtube.com/watch?v=RAdtMWBaseY&feature=youtu.be
Released On: 12/9/2019
Views: 1733
Uncle Sam Owns a Chunk of Your Retirement Accounts
Your retirement account is only as big as your tax planning strategy. Your personal exemptions and standard deductions in retirement will not be enough to offset your tax bill. Tax management must be a major component of your retirement plan. Wat ...
Released On: 12/6/2019
Views: 1836
Guaranteed Income You Can’t Outlive Can Mitigate Market & Longevity Risk
If you have longevity in your family, guaranteed income for life is a must consideration. If you think it’s reasonable that medical advances will impact your longevity, then guaranteed income for life may need to be in your retirement plan. Watch ...
Released On: 12/5/2019
Views: 1692
How to Retire Happy
A happy retirement is based on math and science, not on wishful thinking and hoping things turn out right. You need to eliminate debt and risk in retirement and secure reliable income to generate the peace of mind that seniors desire in their gol ...
Released On: 12/4/2019
Views: 1440
Map
LifeSize Solutions, LLC
Get DirectionsLifeSize Solutions, LLC
-
236 N Country Club Dr #2
Mesa, Arizona 85201
United States - 5202614599
- 8:00am to 5:00pm Mountain Time
