Golden Wealth Solutions, Inc.
Special Report Will You Outlive Your Money? Do you worry about running out of money during your retirement years? Social Security isnʼt the guaranteed source of income it once was, and people generally donʼt want to depend on their children or public assistance during their golden years. How much money will you need when you retire? Whether you have enough money to live comfortably during your retirement years depends on several factors: • How much money you’ve saved • How long you need your savings to last • How quickly you spend your money To successfully plan your retirement, you must first estimate how much money youʼll need when you retire. Many financial professionals suggest that youʼll need around 70 percent of your current annual income to fund your retirement. This figure is a good starting point; however, you must make sure this number matches your monetary needs. A lot could change between now and the time you retire, and you should take into account many factors – including the lifestyle you want to maintain.
What if there was a way to guarantee your income stream through your golden years? We have all witnessed the horror of investments suffering great losses, but just imagine what it would be like if you could guarantee your retirement income – for life. No stress, no worries, no scrimping by on Social Security alone. Guaranteed retirement income for life is possible – with annuities. Annuities are insurance plans in which you invest. They can be valuable tools, particularly for retirement savings, as they offer guaranteed lifetime income payments to give you: • Freedom to fulfill your retirement dreams • Financial peace of mind • Flexibility to use your cash however you choose An added bonus is that your money grows tax-deferred until you receive these payments. Annuities offer benefits and features that CDs donʼt. Compare the fixed annuity advantages. Fixed Annuity
CD
You will earn a stated fixed rate of interest.
Yes
Yes
Your principal is guaranteed.
Yes*
Yes
Your money is protected from stock market volatility.
Yes
Yes
Your earnings grow tax-deferred.
Yes
No
Your income taxes paid on Social Security may be reduced or eliminated.
Yes
No
You have access to your money through built-in liquidity features.
Yes
No
You have various income options, such as lifetime payments, that you canʼt outlive.
Yes
No
Your heirs avoid the cost and expense of probate at your death.
Yes
No
*Fixed annuities provide guarantees, including safety of principal, from the issuing insurance company. CDs provide guarantees from the FDIC.
4891 Independence St., Ste #250, Wheat Ridge, CO 80033 • Phone: (303) 422-7564
Golden Wealth Solutions, Inc.
Special Report Immediate Annuity A popular option for retirees is the immediate annuity, which is appealing if you are looking for peace of mind in knowing you have dependable income that cannot be outlived. As the name implies, an immediate annuity begins to pay a stream of income immediately. The issuer assumes all investment risks, and you receive a guaranteed income. The amount of income you receive is based on a number of factors, including your age at the time of purchase, your gender, whether payments will be made only to you or to someone else (like your spouse), and whether payments will be made for a fixed period of time or for the rest of your life. If you have certain health conditions, you could receive larger payouts without increasing your investment.
Some annuity products on the market today even offer long-term care benefits. Many people of retirement age are declined for long-term care coverage due to their health history. By adding this protection, you can increase your income stream to help pay for out-of-pocket extended care costs. Remember, there isnʼt a “one-size-fits-all” product or plan. Before making any investment, talk to an established financial advisor, who will consider your particular needs and develop the right retirement plan for you. If you are ready to discover how you can live your retirement years worry-free, Golden Wealth Solutions would like to offer you a complimentary consultation to discuss your specific retirement needs. Please call Mike Herman at (303) 456-1913.
The examples used are for illustration purposes only and do not reflect actual insurance products or performance, nor are they intended to promote a specific company or product. Annuities are an insurance product. Annuities are not a deposit, not FDIC insured, not insured by any federal government agency, not guaranteed by the ban, and may lose value. The bank may not condition on extension of credit on either: 1) the consumer’s purchase of an insurance product or annuity from the bank or any of its affiliates; or 2) the consumer’s agreement from obtaining an insurance product or annuity from an unaffiliated entity.
4891 Independence St., Ste #250, Wheat Ridge, CO 80033 • Phone: (303) 422-7564