Outliving your nest egg is one of the scariest financial hazards!!

 

Unless you are unusually well prepared for retirement, that is exactly what you may face.  Each year we live longer.  When social security was enacted in the 1930, Americans only lived a few years past age sixty five.  Today life expectancy at retirement  is over twenty years and one out of five of us can be expected to live into our 90’s and one out of ten all the way to age 100.   If you have longevity in your family history, your retirement resources may have to  sustain you for thirty plus years.

Some market linked annuity and life products have built-in safety features that can:

  • sustain an income for long life expectancies,
  • maintain a longevity reserve that can be triggered late in life to provide back-up income