Everyone talks about retiring someday, dreaming about how it’s going to be. No alarm clock, no schedule, no boss, no worries and not a care in the world. To some this means golfing daily. For others it might include traveling, more time with grandchildren, volunteering, or taking on some new and distinctive responsibilities. Yet there are some daunting facts that could plague your dreams and plans from actually becoming a reality. And not being aware of these facts could turn your retirement into your most horrid nightmare.
Nobody wants to be the one to spread bad news, but love is tough and that means sharing these 4 Daunting Facts that could plague your retirement, obliterate your best intended plans and wipe out your future, is something I must do because I care.
So here we go…
These daunting facts are real and not a figment of anybody’s imagination. Unless you have better plans than relying on Social Security, IRAs, 401(k)s and Roths for retirement this should be your wakeup call. Most Americans will receive less than $32,000 a year from social security in retirement. But don’t count on using all that money to fulfil your retirement dreams because social security IS taxable, thanks to Al Gore’s tie-breaking vote on August 7, 1993. And though many are expecting to be in a lower tax bracket in retirement, than when they were working, that presupposition has not panned out in the retirement of most Americans.
Knowing the daunting facts that could turn your retirement into a nightmare do you absolutely no good unless you act upon the knowledge to which you are now privy. There are specific and guaranteed practices that will not only allow you to dream but will sanction those dreams by enabling you to fulfill them.
And here they are:
Of course as more and more Americans are starting to realized, all of these daunting facts can be addressed and eliminated, not through speculation, but with the purchase of very specific types of Whole Life insurance. In fact, Whole life insurance provides the only real solution to many retirement issues, not only these daunting four, because the proper kind of life insurance delivers for you during your lifetime as well as after you die.
Find out today why more and more Americans are looking to life insurance to assure themselves that they will be able to fulfill their retirement dreams and not be cut short because of money issues. Call 702-660-7000 now.
[i] PBS Newshour: Americans Seriously Unprepared for Long-Term Care, Jason Kane April 24, 2013
[ii] GAO analysis of 2013 Survey of Consumer Finances
[iii] CPI Calculator