There have been a great number of retirement polls recently. Each one has its own objective and slant, trying to discern what the major issues are for current and soon to be retirees. With 10,000 baby boomers a day turning 65, the focus on retirement and security has never been greater. Distilling the numbers down to a focused concern, the biggest concern for for most boomers is RETIREMENT INCOME. The stock market crashes of 2001-2002, and 2008 severely eroded the long term savings of most boomers. just when they were in their prime earning and accumulation years.
So, what are some of the solutions? While some soon to be retirees are trying to gain value by investing in the stock market, precious metals, and real estate, none of these products are designed to provide the guarantees, safety, and predictability that can be obtained in the use of insurance based products. While there are several different types of insurance products focusing on the guarantee of income, only annuities provide the contractual mechanism that delivers income for life.
These type of products are the bell-weather of our income planning. They also accomplish these objectives with less risk and cost than some other types of strategies available in the marketplace. At S & R Insurance Services we can help all clients, regardless of retirement horizon with income planning and protecting future income streams from unsettled conditions.