Jim Byrd and Biff Hamel host Safe Investing in the New Economy on WABF 1480 AM radio, FM Talk 106.5 radio and Fox News Radio 710 WNTM. Listen to this weekly educational financial radio show on the radio, the website or on the podcast on iTunes. The focus is on retirement planning and investing for a safe and happy retirement.
Women and Money
It’s a fact that 61% of women would rather talk about their own death than money. Men tend to think they’re invincible and women tend to be more realistic. Women worry about money in retirement because they know they often live longer than men and they often have smaller pensions. (See more information about retirement planning for women and widows.) They also know that the cost of healthcare can wipe out their retirement savings long before the couple passes away. Long term care coverage is vitally important as people live longer and many of our hybrid annuity products include this important coverage. The message here: Couples need to plan their retirement together and plan for all the contingencies.
Can you survive another 2008?
Buy and hold is an excellent strategy for people in their 30’s and 40’s. But if you’re in your 50’s you can’t afford to be exposed to market risk or a downturn, which could last more than 5 years. This not only erodes your retirement savings, it prevents you from putting more into your portfolio. You should only invest money in the market that you can’t afford to lose. Most retirees are not in that position.
As a former broker, Biff reminds us that the only thing we know about stock and bond funds is their history and who manages the fund. We can look at the past performance of both but there are no guarantees. In the insurance world, which includes hybrid annuities, you have guarantees. You can protect your retirement funds with no exposure to the market at all. Our hybrid annuities are tied to market gains, but not the losses, and we have had one hybrid annuity that returned over 30% in the last 2 years.
Claim your complimentary consultation with Jim Byrd
“Successful people make their decisions quickly and change their minds slowly. Unsuccessful people make decisions slowly and change their minds quickly.”
We give you plenty of time to evaluate any plan we might suggest for you. There is no pressure. We encourage you to talk to your current broker and see if he/she has any honest problem with our products. Take the plan, research it. Compare the risk and return with a market position. Come back with your questions. We bet you’ll agree that a custom plan we build with you that features the lack of market risk along with the promise of market-like returns, income for life, and possible long term care– will be worth the time you took to research it.
Schedule a seat at our last seminar of the summer 2018.
Call us at 251-625-1226 or send us an email and we’ll sign you up for our upcoming seminar. Or set up an appointment with Jim Byrd and his staff to for your complimentary consultation. We’ll talk about your future goals and evaluate your portfolio for risk and actual returns, and put together a comprehensive plan for a safe, worry-free retirement for your family. Don’t wait. Call today.