Blog - SafeMoney.com

For IMMEDIATE support, call 877.GROW.SAFE (877.476.9723)             

Retirement Planning Blog

on 08 July, 2015

SafeMoneyMasterLogo img

We've already covered how the retirement landscape in America is changing. One contributing factor is the changes being made to defined-benefit pension plans. In the private sector, defined-benefit pensions simply are disappearing. According to Towers Watson, over the last 15 years there has been a big decline in the number of largest American companies offering new hires defined-benefit pensions. That percentage took a 36-point nosedive from 60 to 24 percent.

on 29 June, 2015

SafeMoneyMasterLogo img

For many people, one of the biggest concerns in retirement is medical expenses. It's easy to understand. According to Ron Mastrogiovanni, CEO of HealthView Searches, a research firm which provides healthcare data to financial advisers, healthcare costs are on the rise. In general, healthcare costs are increasing 5-7% per year.

In a recent white paper from HealthView Services, data indicates healthcare costs will exert a heavy hand on the retirement landscape now and in the future, too. A healthy couple retiring at age 65 this year will require a little over $266,000 to pay for the costs of Medicare Parts B and B and supplemental insurance for their lifetime. Likewise, for a healthy couple that is 55 years old and retiring 10 years from now, those costs will shoot up to roughly $320,000.

on 17 June, 2015

SafeMoneyMasterLogo img

In the past, we've talked about looming concerns over retirement security. It's no small matter for the American public. According to the Investment Company Institute, at year-end 2014 the United States retirement market had $24 trillion in assets.

Here's what the asset breakdown looked like:

on 10 June, 2015

SafeMoneyMasterLogo img

According to polling data from the National Institute on Retirement Security, Americans are frustrated with governmental efforts regarding their retirement. In a recent, nationwide public opinion survey, 87 percent said Washington policymakers don't understand how difficult it is to prepare for retirement. In another telling statistic, 84 percent indicated they thought Washington should be doing more to help ensure retirement security.

Along with these public sentiments, the retirement landscape in America itself is complicated:

on 03 June, 2015

SafeMoneyMasterLogo img

Are you considering a purchase of a fixed index annuity? It's important to evaluate your unique financial needs and determine if it'll be a suitable fit. Many Americans have found fixed index annuities to be an effective vehicle for achieving retirement income security.

Consider the following data:

• Since 1995, Americans have purchased almost $400 billion in fixed index annuities (From Advantage Compendium Ltd)
• 99.994% of indexed annuity owners have no complaints about their indexed annuity purchase (Advantage Compendium Ltd)
• Only 0.006% of indexed annuity owners have registered complaints about their annuity product purchase (Advantage Compendium Ltd)
• In a 2012 study, 83% of indexed annuity buyers and 86% of traditional fixed index annuity buyers reported satisfaction with their annuity purchase (LIMRA)
• At the close of 2014, fixed index annuity sales were $47 billion, a 104.3% increase from sales in 2004 ($23 billion in sales that year) (Beacon Research)

Fixed index annuities were originally created as a financial alternative to CDs and their meager potential for retirement income. The catastrophic effects of the 2008-2009 financial crisis and the changing dynamics within the American workplace landscape also have had an impact. Now many Americans are exploring fixed index annuities as an alternative retirement vehicle.

on 27 May, 2015

SafeMoneyMasterLogo img

In today's financial landscape, retirement income security is a pressing concern. Polling data shows that many Americans are worried about the future. For instance, in a public opinion report from the National Institute on Retirement Security, 86 percent said they believe America is facing a retirement crisis. Likewise, 75 percent indicated they were highly anxious in their retirement outlook.

The National Institute for Retirement Security found this concern to be held across generational, gender, and economic demographics. Concern over retirement income security also showed in the respondents' plans for the future. Over 50 percent plan on seeking employment in retirement for additional income. And 42 percent reported they are worried they will have to sell their home for retirement income security purposes.

on 06 May, 2015

SafeMoneyMasterLogo img

The 2008-2009 financial crisis was the worst financial crisis since the Great Depression. And it had a tremendous impact on the retirement income landscape of America. In October 2007, the Dow Jones Industrial Average closed at a pre-recession, all-time high of 14,164.43. In March 2009, it had dropped to 6,594.00 – a severe decline of 53.4% in less than 18 months.

Other equity indexes reported similar declines. From December 2007 to December 2008, the Standard & Poor's 500 Index declined 37%, resulting in retirement account losses of $2.8 trillion, or 32% of their value (Mauricio Soto, “How is the Financial Crisis Affecting Retirement Savings?” Fact Sheet, Urban Institute 2008). With the stock market downturn, there was a corresponding impact on Americans' retirement accounts.

on 29 April, 2015

SafeMoneyMasterLogo img

With its market introduction in 1995, the fixed index annuity is a retirement vehicle with a 20-year record. Despite the Booming 90s, economic volatility swept the bond and stock markets in 1994. These trends gave rise to consumer demand for a new retirement product – one which offered some growth potential, but which extended principal protection in times of economic hardship.

As a result of the shift in consumer psychology, insurance carriers unveiled the fixed index annuity. And since that time, this retirement product has grown in popularity. According to data from the research firm Advantage Compendium Ltd., Americans have purchased roughly $400 billion since 1995. It's a statistic which continues to grow.

on 22 April, 2015

SafeMoneyMasterLogo img

Today's economic conditions remain uncertain, and it 's having a tremendous impact on how Americans foresee the future. In a nationwide public opinion report from the National Institute on Retirement Security, many Americans were found to be anxious about their retirement. Among those surveyed, 86 percent indicated they believe America is facing a looming retirement crisis. And in addition, 75 percent said they are concerned about their capability for achieving a secure retirement.

Given present circumstances, it's easy to understand these fears. Many people worry about whether they will have enough money in their retirement years. It could be for paying medical expenses, maintaining a certain lifestyle, or covering costs of daily living. Much of the retiree community is thinking about how much money they will be able to leave to their loved ones, as well.

However, a secure financial future needn't be filled with worry.

on 08 April, 2015

SafeMoneyMasterLogo img

According to Pew Research Center, each day an additional 10,000 baby boomers reach retirement age (65 years old). Given today's uncertain economic conditions, it's natural to be worried about retirement planning. And for many people, one driving concern is whether they will have enough money in retirement.

These financial concerns are centered on many factors: healthcare expenses, a comfortable lifestyle, or other interests. But no matter what people's concerns are, one point is clear. The world is different from what it used to be, and as a result, the dynamics of retirement income planning have drastically changed.

Proud Member

assessbest logo footer

AAPA LogoLIFE HAPPENSSOFA Logo1

Newsletter Signup

Contact Info

Safe Money Broadcasting Home no glow img

Safe Money Broadcasting LLC.
1107 Key Plaza #450
Key West FL, 33040-4077
1.877.476.9723
(877.GROW.SAFE)
info@safemoney.com

;