Ten Year Warning! How Retiring In a Bear Market Affects How Long Your Retirement Savings Will Last

33 minutes

Watch the Video Podcast on YouTube. Click here...

The 2008 financial crisis caught retiring Americans off guard. This catastrophic financial event wiped out big chunks of America’s retirement savings and affected the economy long after the stock market recovered.

Now, retirees are faced with a double whammy. A rising health concern from the CoronaVirus, COVID-19, coupled with the Dow Jones industrial average falling into a bear market.

A bear market begins when stocks have fallen 20 percent from their high. Though it’s a somewhat arbitrary threshold, in financial markets the designation acknowledges what many investors are surely feeling — and that is,  fear-based trading in the stock market may not end soon.

In this presentation you will learn:

  • How you can plan a secure future when you are just 10 years away from retirement.
  • How the SECURE Act Helps You Shield Up to 25% or $135,000 of RMDs From Taxes
  • Safe Ways to Protect and Grow Your Retirement Savings Without Stock Market Risk
  • How Sequence of Returns Works in a Bear Market
  • How Annuity Laddering Works

As you get closer to retirement, it's important to start planning your retirement income strategy or you may need a refined or updated income plan that helps you achieve your specific retirement goals. If you would like assistance with exploring options (potentially outside of your 401(k) plan), assessing your current strategy, and taking steps to meet your goals, you need to make sure you have a trusted advisor or agent to help you.

A great agent will walk you through the entire process. Our agents have helped hundreds of individuals move their retirement savings into the safety and security of life insurance backed products and
fixed annuities.

Contact us today if you are recently retired or have stopped contributing to your retirement savings account. We can show you your options to ensure that your retirement is as hassle-free and predictable as possible. Log onto
JenniferLangFinancialServices.com and simply request a free no obligation phone consultation. We’ll be happy to help you.

See Related Article: Things You Need to Know About Retiring in 10 Years

#retirement #financialadvice #annuity #annuityquote #financialadvisor

More episodes from Jennifer Lang

How to Take Annuitization Payouts From Deferred Annuities

A deferred annuity allows you to save for retirement on a tax-advantaged basis. Taking an annuitization payout from the annuity converts those savings into a monthly retirement income. …

Post Paycheck Protection Program (PPP) Economic Relief Options in 2021

As the Paycheck Protection Program (PPP) winds down, the federal government is preparing to launch two new industry-specific small-business relief programs.

Here’s what you need to know …

How to Move a 401(k) to an IUL Life Insurance Policy

If you are no longer working for an employer, you have the option to roll over, or move, your 401(k), into another retirement planning vehicle.

Some …

How Split Annuity Strategies Work

When financial markets turn volatile some investors show their frustration by fleeing the markets in search of alternatives that are designed to …

How Traditional IRAs Can Bolster Traditional TSP Accounts

Thrift Savings Plan participants frequently ask questions concerning the relationship of their TSP accounts and Individual Retirement Accounts. There is unfortunately some misinformation …

How you can listen to this podcast

You can listen to episodes right here on the website, or if you prefer, in a podcast app. Listening in an app makes it easier to keep track of what you’ve already heard, listen without using your data plan and many other conveniences.

Recommended apps
Start listening to Trailer: Independent Wealth Planner Strategies with Jennifer Lang
Start listening to Trailer: Independent Wealth Planner Strategies with Jennifer Lang