As much as I write about annuities, there are other parts of retirement that make a complete picture of your retirement lifestyle. So, this week I’m happy to pass on some good news about one of those pieces – Social Security.
Social Security is a vital part of most Americans’ retirement plans. Think of it as a government-sponsored annuity. As inept as the Federal Government is at most things, the Social Security System pays like clockwork every month without skipping a beat. It definitely has its problems that will have to be addressed in the near future, but for now, there is some good news for those of you already collecting it.
In 2023 the SSA will be increasing benefits by 8.7%! That’s a pretty good raise! Click the link below for the 2023 Social Security Fact Sheet…
Even though Social Security is an important piece, it is not the only piece. Social Security is not enough to cover most Americans’ living expenses, let alone provide the type of lifestyle they imagined for their retirements.
Besides stocks, bonds, and mutual funds, which cannot provide a guaranteed income, annuities should be the other major component.
Adding an Income Annuity to your Social Security can provide the extra cushion of comfort to ensure all of your basic living needs are met. And if you thought Social Security can be confusing, wait until you dive into the world of annuities!
It’s not enough to just have an annuity. You must have the right annuity and use it in the right way.
I have made it my mission to make the confusing, simple. To make the overwhelming, basic.
Leonardo Di Vinci had an amazing quote: “Simplicity is the ultimate form of sophistication.”
Now, I have never considered myself “sophisticated”, but the people I work with in the annuity industry are. They design these amazing products and I figure out the most efficient ways to use them for your personal needs. I have created a series of videos that hopefully takes the complicated, and make it simple.
If you have not had a chance to watch my video series “20% More Spendable Income in Retirement”, go ahead and take a few minutes to head over to the video page and see how simple a rock-solid retirement plan with annuities can be for you! Then I would love to hear from you and answer your questions! You can see my availability by clicking the “Schedule a Call” button.
I hope this weekend’s newsletter finds you well in this beautiful fall season!
All the best,