Retirement planning today is far different than generations of the past. With corporate pensions almost obsolete, people are compelled to take retirement into their own hands. We are relying on individual retirement savings, personal real estate, and social security. Today retirees’ greatest concern is longevity risk, or the risk of “running out of money”. Longevity is a great thing, but are we prepared for it? Today, a couple where each individual is 65 years old has a greater than 50 percent chance that one will live to at least 90 years of age.

Lifetime Income Need

There actually is a lifetime after retirement. The ability to provide for a steady stream of income that cannot be outlived is critical. Having a customized income generation plan including guaranteed income benefits, and solve for a “floor” of lifetime guaranteed income, taking into consideration any and all economic assumptions is imperative.

The “Sandwich “Generation

Baby Boomers find themselves sandwiched by a sense of obligation to their children, the duties of caring for elder parents and the need to keep their own finances on track. We can help you navigate through and prioritize what is most important to you. Having a roadmap to ensure you can prioritize what is most relevant and important to you is a requisite for success.

Social Security

Social Security provides something that no investment can- guaranteed Income for life with cost of living adjustments. In fact, each year you wait past your Full Retirement Age, you earn 8 percent guaranteed. There are endless strategies to maximize yours and your spouse’s benefit. Making the right social security decision is critical in everyone’s retirement plan.