How to Never Run Out of Money in Retirement – the Solution Top Experts Recommend

Would it surprise you to know that the #1 retirement fear is running out of money – a fear shared by fully half of Americans? That’s according to a recent study by the Aegon Center for Longevity.

People are deathly afraid of running out of money in retirement for good reason, experts say…

Over the last 40 years, there has been a dramatic shift away from company pension plans that promised workers a certain amount of money every month in retirement for as long as they lived.

Instead, there’s been a seismic shift toward do-it-yourself, cross-your-fingers, hope-and-pray retirement planning strategies like 401(k)s and IRAs.

The big problem that 401(k)s and IRAs suffer from, according to the Center for Retirement Research, is that you get little or no guidance on how to turn your assets into an income stream that will last as long as you do. (Skip to the interview about how to guarantee you never run out of money in retirement.)

Because you don’t know how long you’ll live or how much you can safely withdraw each year, you run the risk of…

  • Spending your money too quickly and outliving your savings – and the average 65-year-old is expected to outlive their savings by almost a decade, according to the World Economic Forum

OR, just as bad…

  • Spending too conservatively, which means living a spartan life in retirement and not being able to fully enjoy your retirement years

Traditional retirement investing strategies also make it virtually impossible to ensure a major market crash doesn’t cut the value of your savings in half when you might not have time to recover from it.

Here’s the Financial Strategy the Experts Recommend to Guarantee Your Money Lasts as Long as You Do…

The Center for Retirement Research at Boston College and other experts recommend a specific financial vehicle to ensure your money lasts as long as you do. That financial vehicle is called an annuity.

But there are many different types of annuities and many features available. How do you know which annuity and which features are right for your unique situation?

After all, including the right kind of annuity in your financial plan takes the guesswork out of taking income in retirement and can free you from the fear and worry that most people live with today.

That’s why I’ve asked one of the country’s top experts on annuities to join us to explain in simple terms the two key types of annuities to consider, depending on what your top concern is.

You can click here to skip to hear the interview and/or read a transcript of it.

Here’s what you’ll discover in this fast-paced 30-minute interview:

  • The best type of annuity if your goal is having safe, predictable growth (and never losing money)
  • The best type of annuity if you want the greatest growth potential… and the peace of mind of never losing money
  • The annuity type designed to provide you with guaranteed income, no matter how long you live
  • How to move money from a 401(k) or IRA into an annuity – without owing taxes
  • Why annuities can make sense for people between the ages of 45… and age 80, and the annuity type that folks up to age 90 or 95 can benefit from
  • Why it’s important to work with a Bank On Yourself Professional who can help you determine which annuity type and which features are best for your unique situation

As Frank O’Connor, Vice President at the Insured Retirement Institute, noted:

Put simply, an annuity is the only financial product that can generate income that will last as long as someone may live, whether that’s to age 80, 90, 100, or 110.”

You Can Listen to My Interview with the Annuities Expert Here:

And/or Read a Transcript of It Here

Find Out How Adding the Right Type of Annuity to Your Financial Plan Can Free You From Worrying About Running Out of Money in Retirement

The Bank On Yourself Professionals are experts in safe money strategies, which include dividend-paying whole life insurance and annuities, and the best ways to combine them – where appropriate – to help you reach your short-term and long-term financial goals and dreams.

When you request a free Analysis and referral to one of the Bank On Yourself Professionals, they will provide you with recommendations custom-tailored to your unique situation. There is no high pressure, no obligation, and no cost for this… so you have nothing to lose except financial stress and worry.

For your safety and convenience, the Bank On Yourself Professional selected for you can meet with you virtually by email, phone, and by sharing their computer screen. So request a free Analysis and referral right now by clicking here:


In support of why the right type of annuity makes a great alternative to disappearing company pensions, the Brookings Institute noted: “We can do better than having retirees attempt to save like hell and then hope not to live too long.”

Will the Government’s new plan to increase Americans’ retirement security work?

With much fanfare, the White House has announced the highlights of what they are recommending to help you save for a secure retirement.  Will it help you… or hurt you?

Let’s take a look at the major provisions…

1.  More Americans will be herded into a retirement plan system that most experts agree is broken

Podium

According to a newly released White House Fact Sheet, the administration wants to force many of the 78 million working Americans not currently covered by employer-based retirement plans into them.  They will do this by requiring employers to enroll their employees in automatic direct-deposit IRAs, unless the employee opts out.

Podium

Experience shows most employees do not opt out.  The result?  Many more people will be relying on the same investment strategies that have lined the pockets of Wall Street and dashed the retirement hopes and dreams of millions of Americans.

On the other hand, those who use the Bank On Yourself method have been able to move closer to their financial goals and dreams each and every single year. To find out how you could turn your back on the stomach-churning ups and downs of stocks, real estate, and other investments, request a free, no-obligation Analysis today.

2.  Proposed tax credits for retirement savings contributions mean you will be paying for other people’s investment mistakes!

Even millions of Americans who pay no taxes will receive these credits, under the administration’s proposal.

3.  Employers will be expected to do what even the experts can’t

Stock Market Plunging

Employers who offer so-called “target-date” mutual funds will be expected to “evaluate their suitability for their workforce.”

These funds, which automatically shift assets over the individual’s lifetime to lower risk as the person approaches retirement age, failed miserably to accomplish that goal during the 2008 crash.

In addition, studies consistently show that 80% of all investment advisors and 80% of all mutual funds underperform the overall market1.  Yet employers with no training or experience will somehow be expected to determine which funds will do well.

Stock Market Plunging

4.  The government wants to “promote” the availability of annuities and other forms of guaranteed lifetime income in 401(k) plans

Unfortunately, the growth and returns of some of these products may not even keep up with inflation.

5.  Beleaguered small business owners will face new costs and administrative burdens

Buried in Paperwork

According to the National Small Business Association, 64 percent of small business owners surveyed said revenues declined in the past 12 months.

When small businesses are struggling to stay afloat, we oppose mandates such as this that stand to create a new administrative burden” – Molly Brogan, vice president of public affairs for the NSBA

Buried in Paperwork

6.  The government controls your money in retirement plans, not you

The government determines when and how much you can take out of your retirement plan, and can change the rules any time they want.

Proposals to do just that have already been floated through Congress.

And if the government wants to force you to buy Treasury debt with part or all of their retirement plan money, because China and Brazil won’t take the risk any more, they can do it.

7.  While expert after expert agree that the current systems of saving for retirement are broken, few offer any viable alternatives

Broken savings

Yet hundreds of thousands of people who use the Bank On Yourself method did not lose a penny during the market crash of 2008, or during the “lost decade” of the 2000’s.

Their plans have all continued growing – safely and predictably,  and without the risk or volatility of stocks, real estate and other investments.  Which may explain why my offer to pay $100,000 to the first person who uses a different strategy that can match or beat Bank On Yourself remains unclaimed.

Broken savings

Bank On Yourself isn’t a magic pill.  It takes a little patience and discipline.  But if you have those traits, it pays a lifetime of benefits.

To find out what your bottom-line numbers and results could be, and how much income you could count on at retirement, just request your free, no-obligation Analysis.
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If you take the first step now, you could start taking back control of your money and your future financial security in as little as 60 days!

1. Hulbert Financial Digest, The Motley Fool