Social Security Could Be Gone Sooner Than You Think

About Library of Financial Articles

In your retirement years, it is essential to not rely on Social Security as your only source of income, especially if you plan on being comfortable in the golden years of your life. 95% of Americans think “I have assets outside of only relying on Social Security, like my 401(k)”, but still don’t have a plan on making sure that they don’t run out of money or lose retirement funds due to a market crash. Remember what happened in 2008 to people’s 401(k) plans? It is essential to make sure you don’t lose 38% of your retirement savings due to a market crash by protecting your money in a product that provides guaranteed lifetime income that you and your spouse can never outlive.

The majority of people would like to plan not only to cover themselves in retirement but also want to leave additional money to their family and loved ones. Based on a report put out by the Social Security Administration in 2015, the Social Security Trust Fund will be completed drained in 2034!

I cover a lot in my book, “Safe Money,” about how American’s can establish their own guaranteed lifetime income, protection against the volatility of the stock market, and protection against inflation. Most of my clients realize that while they may have retirement savings and social security, they really don’t have a plan when it comes to making sure that they don’t run out of money, or how a deficit in their Social Security is going to impact them and their savings.

A few of my clients don’t think they are going to live long enough to have these issues come up but don’t realize they may leave their spouse and loved ones with little to no income, as people are living longer and longer. I make sure that you understand the options, and nothing is left up to chance. It is easy for you to grow your money in safe investments, plan for your income, and make sure you live your life the way you want after working most of your life to reach a point of freedom to do as you please (without interruptions from unexpected problems, such as health, that most advisors do not address).

For me, protecting your money is personal. I watched my parents lose their live savings to fast-talking, three-piece-suit-wearing brokers. The experience left me inspired in my approach to investments and client relationships.



About Library of Financial Articles

View The Best Annuity Rates Available Now

Annuities are a safe and reliable investment. They can transform your savings into a more predictable income. Speak with one of our qualified financial professionals today to find out how an annuity can offer you guaranteed monthly income for life.

Our unique system of “Pooled and Shared” articles by our authors, our outside contributors, and writing assistants provides efficiency, enhanced collaboration, and greater topic accessibility. This allows for a better utilization of content and productivity while delivering meaningful content to our readers.

Content in our posted articles is deemed to be accurate but topics, facts and laws can change. It is always a good idea to verify facts before making decisions. Always seek authorized and professional advice regarding financial decisions which includes investing, annuity purchases, tax planning, changes in a financial portfolio and retirement planning.

Share This Entry:

In This Article

Protect Your Retirement

Our 20th edition of The Safe Money Guide, the standard of the industry.

Recent Posts