Running Out of Money Before You Run Out Of Life

By |2021-08-31T20:15:27+00:00July 24th, 2021|Annuities, Retirement Planning|

Don’t let your money die before you do


A recent article in Money Magazine ( shined a bad light on Americans planning for retirement.  Health care expenses, people living longer, and the lack of company pensions create a future disaster for many Americans.  How many? 40%!  Health care continues to mystify many retirees who have perceived Medicare as free; the only free part is Part A.  The exposure to out-of-pocket expenses is growing, and future estimates put the lifetime number of financial exposure in the multi-hundred thousands.

A report from the life insurance research board (LIMRA reports that a high percentage of retirement advisors are saying there’s an enormous fear from their clients of running out of money.

The devastating effects of living too long (the longevity crisis) and not having enough funds to maintain an anticipated quality of retirement is a real concern. LIMRA reports: The average life expectancy for a person who reaches 65 is 83 for males, 86 for females. LIMRA purports that the proper way to interpret these statistics is to assume half of all males who reach age 65 will live past 83, and half of the females who reach that age will live past 86. Half of all couples who reach age 65 will have one partner hit 90.

How will the average person entering retirement make their money last as long as they do?

In the report, LIMRA stresses that the key is education: It is up to those entering their retirement stage to fully understand their options and choices. Important retirement money must last a long time. Obtaining the necessary information to make the correct decision can be arduous and overwhelming, but so can the opposite.

One key recommendation from LIMRA suggests advisors begin to seriously discuss products with guaranteed income solutions, such as annuities, with their clients.

Annuities can provide income for any period, even a lifetime, i.e., funds can last as long as you do. If you select an annuity as your primary retirement building platform, the other concern that will raise its head is inflation.

Many people choose to place a portion of their funds in an annuity (basic source of income) and other funds into an asset, which may help with inflationary issues.

Caution and education are of significant importance.








  • This field is for validation purposes and should be left unchanged.

Premium gift for you for registering for my newsletter

I am a member of Syndicated Columnists, a national organization committed to a fully transparent approach to money.

Interested in additional information? Register for my FREE bi-monthly newsletter, "Layin' it on the line." It contains information that other people have found beneficial. I will never sell your information.

For registering, I have a Premium Gift for you.

Our 15th edition, “Safe Money Book” a $20 value

77,000 copies in circulation

Learn the basics of a Safe Money approach to investing.

And it is FREE with your "Layin' it on the line" newsletter

About the Author:

Syndicated Columnists works with local community-based publications that wish a local approach to information. We believe the local reader wants to read informational content presented by an expert in their community. By providing original subject matter focused on the financial market, our articles are diverse, easy to understand, and targeted to the interested reader. The goal is to bring quality informational writing to the local market. "We believe Local Content is Good Business." Website:

Syndicated Columnists