Obel Financial Advisors

This recent article in Forbes is a pretty great overview of why, as the title suggests, Annuities Are The Unsung Heroes Of Retirement Income Planning. It picks apart some common misconceptions about annuities. It also highlights great reasons annuities are a valuable part of your retirement portfolio like how research has shown they actually reduce retirement portfolio failure.

Thanks to advances in science and medicine, people are living longer especially those who get to retirement age, 65 years old. A recent study from Stanford University found that the average age of death in those who live to be older than 65 increased by three years in every 25-year period, which means that people can expect to live about six years longer than their grandparents, on average. An annuity is a perfect way to make growing older easier. Let’s get together and make that plan for the future!

According to Harvard’s Joint Center for Housing Studies, in households with someone at least 65 years old, 8 in 10 homes are owned. Owning your home and land is one of the hallmarks of planning for one’s retirement. But what if that common wisdom was wrong? What if renting is the way to go to best prepare for retirement? That seems to be the trend, as evidenced by a report that noted that the percentage of renters at least 60 years old increased more than 40% in the 10 years through 2017. That exceeded the 31% growth rate for homeowners of the same age. What has been your experience? Are you a retiree with a rental? Or have you set your roots down by owning your own home? Let us know in the comments!

No two retirees are the same, so why should their plans be? With fixed-term annuities, you can tailor your retirement plan to suit your needs. Give me a call and let's discuss why fixed-term annuities are right for you! For more info, click the link in my bio and let’s talk

Merry Christmas from us to you! We hope it's been a Merry Good Year!