John Prine wrote, "Oh baby, it's a big old goofy world" in his song of the same name. Boy did he get it right. Look around: ebola virus, a fragile and shaky stock market, interest rates that are dropping like rocks, cyber hackers abound. Can somebody hand me a guarantee?
Well, yes, someone can. Certain annuity carriers will hand you a guarantee of income in the future. That's not an if. Not a maybe. An iron clad guarantee that's out there for the taking. It's called a Longevity Annuity.
The concept is simple. Put a hunk of money away today to fund a future income stream. Want $500 a month for life starting at age 65? The carrier will calculate what you need to put away today. Think of it as a deferred comp plan...for yourself.
In this crazy, mixed-up world, it's just what many clients want. Guarantees.
Sure - get wild and crazy with some money. Play the market - if you think buy-and-hold is still valid - but have those future guarantees! Maybe even allow a client or yourself to get a little wilder and crazier. Rest assured, the income will be there, even if our future world is goofier than it is today.
No comments:
Post a Comment