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Dear Kevin,
Financial Friday tip of the Week! Retirement is the time for income protection and the dramatic ups and downs of our economy undermine retirement plans. Retirement is all about avoiding risk and the last thing anyone wants to face when approaching retirement is to make up for lost money in a bipolar stock market . As we move into this new future of retirement, new financial tools are emerging to help retirees stay in their homes and provide additional income streams to supplement social security. Our government has been encouraging baby boomers to look for additional income streams to provide for them in retirement. One vehicle many financial advisors are adding to financial plans is a fixed index annuity. These annuities provide protection of principal (no loss of wealth) and the power of a paycheck for life. The annuities are a contract between you and the insurance company, where the insurance company assumes ALL the risk. Annuities are wealth protectors to consider for retirement because they will guarantee income as long as you live even if you out live your initial investment. Quite often these fixed index annuities pay you a bonus that is added to your principal. Changes in financial tools like reverse mortgages and life insurance strategies are also emerging with new strategies to provide retirees with additional income and long term care alternatives. To read more click HERE.
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Ten Worst States to Retire 2012
by Richard Barrington
Read More: MoneyRates.com
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As you may know we live in MA and I was sorry to see MA as the 5th worst state to retire. Don't forget to tun back the clocks this weekend, Daylight savings time ends on Sunday morning, and it is a good time to take a look at your current life insurance policies and check your allocations in your 401K plans. Please give us a call if you have any questions regarding your allocations or your life insurance policies. We would be happy to assist you. Have a wonderful weekend!
Kindest regards,
Dawn
Dawn Collins
Vice President of Marketing
Harbour Financial Group
617-921-0571
visit our website
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Andrew Whelan
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Harbour Financial Group
For additional information visit us on our Face Book Page!
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