Economists are predicting that more 60% or retirees will run out money in retirement.
You work hard for more than half of your life with the hope of building a nest egg that you can live on during your retirement years. Economists are predicting that more 60% or retirees will run out money in retirement. You do have another option! A guaranteed lifetime income benefit rider can setup a flow on income for the rest of your natural life and in some cases can include your spouse as well. This rider will pay you an annual salary for the rest of your life and the percentage is based on when you begin taking the payments. Enjoy the benefit of premium protection meaning you never lose any part of your initial investment. Preserve your wealth so that you can enjoy your golden years and not be concerned about returning to the workforce if there is a significant dip in the market.
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