We insure everything we hold value to. Our homes, our health and even sometimes our pets and jewelry. If it has a value on it: we insure it. Why? Because we do not want to have a large financial expense if something were to go wrong.
Think about this: Your home is insured. Your car is insured. Your life is insured. Makes sense, right?
Now, here are the facts and the odds per year of each on the above events happening to you inside a given year:
0.9% chance of loss of life — life insurance protects this.
1.2% chance of loss of car — auto insurance protects this.
1.3% chance of loss of home — homeowners insurance protects this.
28% CHANCE LOSS OF STOCK MARKET VALUE IN YOUR RETIREMENT PORTFOLIO
You insure everything you value – why not insure your retirement? At Income For Life, we can help you find retirement income planning strategies and solutions that work best for your current situation. We know when you retire, you want to stay retired.
Watch my video to learn more and call my team at 877-284-8929 to discuss your options. You can also fill out our online form.
Knowing how much money hits your bank account every month is a critical part of staying retired. It’s vital that you have enough money to take care of your daily needs, housing, medical bills, long-term care, and any other unexpected expenses that come your way.
If you’re retired, chances are you know the exact day — even the hour — your check hits the account. This sigh of relief you breathe as you confirm that money is added to your account is worth far more than the money itself.
When we talk about the clock, we are referring to how long that guaranteed income will keep coming in. While pensions and Social Security may provide some security and guaranteed income, the question we want to pose is this... why not do more of it?