Managing Money Is All About Managing Risk
With 78 million baby boomers racing towards or already in retirement, the need for income protection has never been greater. People close to or already retired face three significant risks to their retirement income stream. They are:
1. Market Risk
The risk that the value of an investment will decrease due to moves in market factors. Volatile markets can have a huge impact on incomes.
2. Inflation Risk
The cost of goods and services continues to rise and retirees have to make sure their money is at least keeping pace with that inflation.
3. Longevity Risk
The average individual life span has increased markedly over the last 50 years, and people now have to worry about running out of money before they run out of time.
Annuities can be an excellent risk management tool that can mitigate all three of the aforementioned risks. There are many other types of fixed income products that can also be considered but annuities offer many benefits that are difficult to ignore.
Let’s take a look at how your money is currently allocated and see how we might protect it form market risk, inflation risk, and longevity risk. Use our retirement planning calculator
to determine how well you are prepared and what you can do to protect your income.
At Futurity First, our professionally trained, community-based agent representatives can help you explore your disability income insurance options. Find a Futurity First branch office near you.