Risks of retirement: rising costs.
The purchasing power of your savings shrinks every year. How can you keep up with the cost of living in retirement?
Inflation changes everything.Every year, the purchasing power of your savings decreases. What costs $1 now could cost $1.50 when you retire – or more. So how do you keep up? Your advisor can help you plan ways to save more, to help your savings grow, and to protect your savings from loss.
Health care costs in retirement.Even when inflation remains relatively flat, the skyrocketing costs of health care alone can put your retirement in jeopardy. Make sure you consider what Medicare won’t cover, as well as in-home or long-term care. You can’t control health care costs, but you can plan for them.
Retirement is risky.With so many factors working against you, it may seem impossible to ever plan a successful retirement. That’s why you and your advisor may want to explore annuity options, including annuities that offer market risk control accounts. You can take control of your risk. And make a successful retirement not only possible – but even easy.