Guaranteed Income
"Bernie Zweig provided me with a Fixed annuity that guarantees me an income for life, and the amount increases by five percent every year. Bernie showed great patience in answering all of my questions, some of which were asked repeatedly. The financial strategy and the detailed mechanics of its implementation were thoughtfully presented and carefully arranged. I was at all times impressed with his concern."^ Alan D. Pekelner Guaranteed Lifetime Income/ Guaranteed Future Income Why do you need a lifetime income at retirement, a guaranteed stream of money that will last as long as you live? Here's why: 1. You very well may live a long time after you retire. 2. This is a fairly new problem. How your parents and grandparents faced retirement is not relevant to the situation today. In the last century, life expectancies skyrocketed nearly 30 years. In the past, with briefer life expectancies, retirement – when people reached it at all – was very often a short-lived affair. Today, your retirement income may need to last decades, not just a few years. 3. There are way too few guarantees. It is great to project out a few decades into a relaxed, comfortable, financially secure retirement. It may well be that way. However, there are risks. Among them are unanticipated health problems. A long and debilitating illness can shatter what looked like a stable retirement nest egg faster than Humpty Dumpty took a fall…and with the same results. Plus, markets not only rise, but they can fall as well. As we see today, retirement assets are being reduced by the current market conditions. And these are just two of the risks the future may hold. In short, there are too many uncertainties and too few guarantees. These are just three reasons – but they are major ones – why you need a guaranteed lifetime income. Is it possible? Are there guarantees? The answer is yes. *Guaranteed lifetime income refers to annuity contracts. Issued by New York Life Insurance and Annuity Corporation (A Delaware Corporation), a wholly owned subsidiary of New York Life Insurance Company NY, NY. Gaurantees are backed by the claims paying ability of the issuing company. Concept Strategies Click on the strategy that interests you for relevant content: Cover Basic Expenses in Retirement Are You Using CD's For Income? Reduce the Impact of Market Volatility on Retirement Income Understanding The Benefits of Mortality Credits and Risk Pooling Leave a Legacy and Enjoy More Income ^The experience of the person described in this material may not be representative of the experiences of all of my clients. Furthermore, the experiences obtained by these people are not indicative of the future experiences that may be obtained by any of my clients.
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