Lack Retirement Confidence? An Annuity May Help
Few people know that it is only in the last 100 years that anyone, sherpas included, would have considered climbing Mount Everest.
By local families around the base of Mount Everest, it was considered a place where evil spirits dwelled. A trek up “the mountain too high for birds to fly over” was considered a one way ticket.
The concept of retirement is also unique to the last 100 years. Did you know that prior to the 1930’s no one would have known what you were talking about if you asked them what retirement is? The whole concept of retirement didn’t exist. It really wasn’t until the inception of Social Security and the pensions established by unions that people began to talk about “retirement benefits.”
You most likely aren’t preparing for a trip to summit Mount Everest, but you are most likely preparing for retirement, which can certainly feel like an uphill battle.
Reality Check: It Might Be Time to Revisit Your Retirement Income Plan
Funding your retirement today has changed dramatically from planning a retirement income a few decades ago. Today’s economic circumstances have created a new reality that requires a different approach.