Dreaming of a Retirement?
Find out When It Can be A Reality?
10.7% of Americans have retired into poverty.
About 55% of retirees rely on Social Security as their largest source of income in retirement, despite the possibility that benefits could be reduced by 2035. About 20% of retirees have less than $10,000 in savings. Old age and earnings seem to be at a parallel.
What if you could change that with good retirement planning?
WHY HASN'T MY FINANCIAL ADVISOR EVER TOLD ME ABOUT THIS?
As a result, less than 20% of Americans have what we call a "SRA" account set up-while more than half the population lets their money just sit as a lump sum without proper protection from running out.
Here are some of the challenges that people face when they do not have a retirement plan:
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Financial hardship: If you do not have enough savings, you may have to rely on Social Security benefits, which are not enough to cover the cost of living for many people. This can lead to financial hardship and even poverty.
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Reduced quality of life: If you are struggling to make ends meet in retirement, you may have to reduce your standard of living. This could mean cutting back on travel, hobbies, or even basic necessities.
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Increased stress: The stress of financial hardship can take a toll on your physical and mental health. This can lead to health problems, such as anxiety and depression.
With A Tax-Deferred
401(k) or IRA:
❌ You have fees: Whether you know it or not you have a handful of fees that are slowly draining your retirement savings.
❌ Your money is not guaranteed and protected: The money in your 401(k) or IRA moves with the market, and has very limited downside protection
❌ Your money is not liquid: You can't access your money any time you want, and if you do, you're fiscally penalized.
❌ If you live long enough, you will run out of money: Eventually, you will run out of money once you begin to take out withdrawals.
Risks Associated With Retirement Planning
Retirement planning is essential for securing one’s financial future, but several risks can derail even the best-laid plans. Understanding these risks is the first step toward mitigating them and ensuring a comfortable retirement.
1) Longevity Risk
People are living longer than ever before, which increases the risk of outliving their savings. With average life expectancies rising, retirement savings may need to last 20-30 years or more. Unexpected expenses, such as long-term care, can further strain resources.
2) Inflation Risk
Inflation erodes the purchasing power of your money over time. For example, what costs $50,000 today could require $100,000 or more in 20 years. Without strategies to outpace inflation, your retirement income may fall short of covering future living expenses.
3) Health Risk
Medical expenses remain one of the leading causes of financial stress during retirement. According to recent studies, the average retired couple may need over $300,000 to cover healthcare costs. Unexpected illnesses or long-term care needs can rapidly deplete savings.
4) Tax Risk
Changes in tax laws can directly impact the value of your retirement savings. Withdrawals from tax-deferred accounts like 401(k)s or traditional IRAs may be taxed at higher rates in the future, reducing your take-home income during retirement.
5) Market Risk
Market volatility can significantly affect retirement investments. A downturn during your early retirement years, known as sequence-of-returns risk, can reduce your portfolio’s longevity and impact your ability to generate sustainable income.
6) Interest Rate Risk
Fluctuating interest rates can impact fixed-income investments such as bonds or annuities. Lower rates mean lower returns, which can hinder income planning and growth potential.
7) Withdrawal Risk
Drawing down your retirement savings too quickly can lead to financial shortfalls. Proper planning can prevent large withdrawals or emergencies from exhausting your funds, leaving you with enough money to sustain your lifestyle.
Six Reasons to Consider a Secured Retirement Account(SRA)
Is It "Too Good To Be True,"
You Ask?
Nope. It's very real
Are You Ready for a Retirement Filled with Pride, Dignity, and Peace of Mind?
Do you want your spouse, children, or relatives to care for you in retirement—or would you rather have the financial resources to ensure professional care when it matters most? Family love is invaluable, but trained care is often essential in your later years.
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Will your savings last as long as you do?
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Are your assets protected from market risks?
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Do you have a plan for guaranteed lifetime income?
If you’re unsure, don’t leave your future to chance. Let’s create a plan that secures your independence, spares your loved ones from financial burden, and gives you peace of mind.
Take control of your future—schedule your free consultation today!
READY TO ENJOY A SECURE RETIREMENT PLAN?