Listen to Jim Byrd and Biff Hamel on Safe Investing in the New Economy, an educational financial radio show, each week on WABF 1480 AM radio, FM Talk 106.5 radio and Fox News Radio 710 WNTM. The hosts focus on retirement planning and investing for a safe and happy retirement. Be sure to listen to the lively podcast on iTunes or on the website. This week’s show includes a discussion about hybrid annuities as a way to protect your retirement income in the face of an upcoming recession and longer life expectancies.
Chance of a recession by 2022 estimated at 70% 1
Emmanuel Roman, chief executive officer of Pacific Investment Management Co. (PIMCO) stated in May 2017 that they expect a recession within 5 years. Published in the Washington Post, the article went on to say there isn’t much that governments can do to cut interest rates to offset a recession because they’re so low already. Tax revisions that have been just approved have already been factored into stock prices so that also leaves no room to further adjust tax rates in a recession. When a recession occurs, “In contrast to prior downturns, there’s not a lot of tools in the policy tool-kit,” said Richard Clarida, one of the report’s authors and a Pimco managing director. Clarida called the potential lack of options in monetary policy akin to “driving-without-a-spare-tire.”1
How to protect your retirement funds in a shaky economy
The last place you should be in the next few years is the stock market, especially if your retirement years are coming up soon. We specialize in retirement planning and investment and we continually research new insurance annuity products that offer lifetime income with no market risk and market-like returns. We work with you to learn about your unique situation and we offer you the products that are the best fit for your future plans.
We’ve got a couple near-liquid annuities that pay great rates if you can hold off withdrawing any funds for 2 years after purchase. We have another new annuity product that has superior returns if you can hold off on withdrawing any money in the first 3 years. We offer many proprietary products that banks and other brokerage houses cannot offer. And if your retirement plan is to spend more upfront than in declining years, we’ve got a solution for that scenario also. There are so many factors to take into consideration, we make sure we understand your family’s needs before we suggest changes to your current portfolio.
Life expectancies are increasing.
The average man at 65 has a 82% chance of living to 80 and 69% chance of living to 85. Women at 65 have an 85% chance of living to 80 and a 75% chance of living to 85. Couples have a 92% chance that at least one of them will live to 85. When the man dies first, as he often does, the couple’s income drops to the woman’s single Social Security payment.
Why is this important? The amount of money people need to retire is increasing with life expectancies. You have to have income that you can’t outlive, income that won’t be cut in half when one person dies, income that will last until death. If the couple had purchased a hybrid annuity, they would continue to have the same income because the terms stay the same when one person dies.
To learn more, call for your complimentary consultation.
We offer a free meeting with Jim Byrd and his staff to discuss your entire situation. We offer guaranteed income hybrid annuity products with income you cannot outlive and we also offer many options for long term care insurance. No qualification process required. We offer custom plans for you alone, retirement plans that will let you retire worry-free, because your future is secure. Call us at 251-625-1226 or send us an email and we’ll discuss your personal dreams for your family’s retirement, and put together a comprehensive plan for a safe, worry-free retirement for your family.
What do YOU have to lose? Call today.
1https://www.washingtonpost.com/business/economy/chance-of-a-recession-by-2022-is-70-percent-according-to-this-major-investment-firm/2017/05/31/95b4873a-461a-11e7-98cd-af64b4fe2dfc_story.html?noredirect=on&utm_term=.52e675c56519https://www.washingtonpost.com/business/economy/chance-of-a-recession-by-2022-is-70-percent-according-to-this-major-investment-firm/2017/05/31/95b4873a-461a-11e7-98cd-af64b4fe2dfc_story.html?noredirect=on&utm_term=.52e675c56519Chance of a recession by 2022 is 70 percent, according to this major investment firm