Annuities Make the Golden Years More Golden

After years in the workforce a person deserves a comfortable and happy retirement. If well-planned, the golden years can be marked with financial security. Annuities are a solid plan for achieving just that.

Creating a steady stream of income through annuities is a wise strategy for a happier retirement. Unfortunately most Americans simply aren’t prepared. According to a recent report from the Employee Benefit Research Association, more than 40% of the American workforce has less than $10,000 in retirement savings. That is an alarming figure, leaving Social Security as the prime means of financial survival. Social Security only covers approximately 40% of standard living expenses.

Social Security hasn’t earned its bad reputation for nothing. Younger generations have been warned for years not to depend on it, and older generations have to wait longer and longer to get it. It is simply not a solid foundation for building a retirement. Having a plan that involves annuities is a great back-up to Social Security, and it offers a solid peace-of-mind.

Annuities are a tax-deferred way to a secure savings. They offer great stability as a back-up to both Social Security as well as traditional retirement accounts. Many retirement accounts through a job can be shaky in an unstable economy. There are simply too many factors that can impact finances to not have a plan for the unforeseen. Stock losses and lack of additional savings can prevent retirement as well as force someone back into the labor market. It is a sad reality for someone who has worked their whole life to never be rewarded with time served. This is unfortunately a common problem for many American senior citizens.

There are no maximum contribution limits with annuities. They offer a selection of growth options as well as the option for a monthly check after retirement. This monthly check can greatly improve the lifestyles and the sense of security available to the retired.

Annuities can offer a reason to be excited about retirement. Those with a stable financial plan very much look forward to their retirement, and those without a financial plan only worry about it. It's a simple formula for the happiness of an individual facing retirement. Preparation leads to success, and lack of preparation leads to failure. There is nothing complicated about predicting the financial future of an unprepared retiree.

If you dream of a laid back and relaxing life in your golden years, you must face the reality of needing a solid plan to achieve the goal. Without a career holding you back, the world is full of potential experiences and places to go. Annuities can be the golden ticket to traveling and filling your last years with the most satisfying experiences possible.