Can Your Financial Plan Last to Age 149?

A recent article out of South Africa cites Betje de Vroome as the oldest living human being. She was born Sept. 24th, 1866… The world has literally changed before her very eyes. *

DSC_0350

Think about how family members are now living longer. While people used to live into their 70’s, people regularly live now into their 90’s. At the church I attend we have a woman who turned 100 over the summer. With medical advancements more and more people are expected to live to 150 years of age.

 

With that being the case, as individuals we have to rethink financial planning, saving strategies and income expectations during retirement. If we work for 40 years (from age 20 to age 60), and then retire, there is a possibility that our retirement will not last 10 or 20 years, but instead 40, 50, or even 90 years. If that is the case, how do we get the math to work out without running out of money?

 

Solutions exist to build Guaranteed Lifetime Income for retirement. Using a retirement nest egg you can create a pension for yourself. The alternative to doing so is the very real possibility that your IRA will run out of money before you pass away…

 

In addition, I think we have to think more generationally. If we are going to have a tough time as 40-60 year olds, imagine what our children will face. Leveraging Life Insurance and the time value of money we can give them the safety net and head start we didn’t have.

 

The “New Normal” is challenging enough, work with an advisor to develop long term strategies that endeavor to reduce the risk of the unknown for you and your descendants.

 

*http://worldnewsdailyreport.com/south-africa-oldest-woman-in-the-world-turns-149-years-old/

 

Retirement Income. Tax Efficient Planning.

Life Insurance. Disability Insurance

Socially Responsible Investing

 

To learn more contact:

James Cox

Cell: 215 768 5883

Email: james_cox@devon-financial.com

Devon Financial Partners 744 W Lancaster Av Suite 235 Wayne, PA 19087

 

 

Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS) 7 Hanover Square, New York, NY 10004. Securities products/services and advisory services are offered through PAS, a registered broker-dealer and investment advisor, 888-600-4667.

Financial Representative, The Guardian Life Insurance Company of America (Guardian), New York, NY. PAS is an indirect, wholly owned subsidiary of Guardian. Devon Financial Partners, LLC is not an affiliate or subsidiary of PAS or Guardian.

GEAR 2015-12917 Exp. 10/17

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s