FINANCIAL (Protection from Outliving Your Money)

The obstacles facing retirees in 2008 and beyond are substantial and growing.  As energy costs and gasoline prices surge to record levels, stocks plummet, home values decline, health care costs spiral, many workers are nearing a retirement which could last 30 years or more, and have simply not saved enough to sustain their desired lifestyle if they stop working.  Social security, Medicare, Medicaid, and other social programs are beginning to buckle under the weight of their benefit liability, not to mention the cost of administering those benefits to record numbers of beneficiaries.   Many who have managed to build modest nest eggs are watching their portfolios with one eye closed and hoping their broker’s advice to hang in for the long-term is based on something more than their need to meet the company’s business retention requirements.

Unfortunately, most investment formulas are based on historical performance.   What happens when the performance patterns don’t repeat on the historical timeline?  We are experiencing history in the making as the tidal wave of boomers crests and forever changes the face of everything related to aging as we have known it.   Financial strategies must also evolve to accommodate extended life expectancy and increased financial demands.

Texas Assurance Care, Inc.  is a member of Society of Certified Senior Advisors, American Society on Aging, National Association of Fixed Annuities, and participates in the National Medicare Partnership Training program.

*Although there are built in liquidity opportunities and some products have immediate income features, there may be substantial penalties for early withdrawal of principal and appropriateness should be determined by a detailed suitability analysis.