Do You Want Lifetime Income in Retirement?

Do You Want Lifetime Income in Retirement?

Will you have a dependable income to sustain your lifestyle in retirement?

Do you want insurance against general stock market declines and poor individual investment decisions?

Would you rather have a financial product with a 4% guaranteed return rather than a product offering 8% that could lose value due to market downturns?

Do you want money safety with upside potential?

Do you worry about going to your daughter-in-law or someone else to manage your finances in retirement because you’ve run out of money?

Do you always want to get a check in your mailbox every month until you pass away?

Do you have enough money to sustain the retirement movie you’ve seen playing in your mind?

If you can build an income stream that you cannot destroy, and buy it in way you won’t lose your principal whether you or your spouse lives or dies, would you want that?

Want retirement income that you don’t have to worry about?

To most people it's all about money safety an income during retirement, insurance provides this safety and income.

D Cory Payne

Beehive Insurance Retirement Planning Services

302 West 5400 South #101

Murray, Utah 84107

801-685-6875 

Women and Finance... The Latest Statistics

Women and Finance... The Latest Statistics

I was talking with a lady recently who said she didn't worry about retirement income since her husband took care of everything.  I asked, "How much income will you have during retirement?" She didn't know.  Was she worried about running out of money? She hadn't thought about it.

I suggested she involve herself a little more in the retirement process since there is a large probability she'll have to manage the family finances sometime in the future.  This leads me to share some statistics that I provide to my clients.

According to the Social Security Adminstration: 

90% of women will be responsible for their own finances at some point

A 65 year old female has a 42% chance of living to age 90

Women live 4-6 years longer than men in the United States.

What's the average age of widowhood in America?   59.6  Source: US Census Data, 2011

By 2030, 66% of US fortune will be in the hands of women. Source: Harvard Business Review. 2009

Women control over 60% of the personal wealth in the United States.  Source: Catalyst 2012

75% of nursing home residents are women with costs averaging $75K per year.  Source: Metlife Study on Finance and Female Executives, 2010

Nearly 80% of the total spending in America is controlled by women.  Source: 2009 Boston Consulting Group

7 out of 10 women say the need professional help managing their finances.  Source: American Association of CPA's Study, 2010

50% of women acknowledge they need help managing retirement.  Source: IRI Study on Women and Retirement, 2011

Regardless of net worth, homelessness is the number one fear of Ameican women today.  Source: Fiancial Advisor Magazine.

Running a close 2nd in fear is worry about running out of money as a result of over investment in cash.  Source: IRI Study of Women and Retirement, 2011

Women are typically Savers and desire Freedom and Peace of Mind.

My job is to make sure I'm meeting the income desires and needs of both the wife and the husband. I want to understand how you'd like to live during retirement and help you accomplish those goals.

I have partnered with one of the top income planners in the country and can now map out your entire retirment income on one easy to read page.  Through the use of this proprietray software, we are able to clearly illustrate how each guaranteed income source (Social Secuity, Pensions, etc.) will interact under varing life circumstances - such as layoffs, loss of pension, or the death of a spouse.

As a courtesy, I would like to extend my personal invitation for a private Retirement Planning consultation which will include your personalized "Income for Life" report.

Please contact me (Cory Payne) at cpayne@beehiveinsurance.com or 801-685-6860 so we can set up a time.

Cory Payne
Beehive Insurance Retirement Planning Services
cpayne@beehiveinsurance.com
801-685-6860

How do you Protect your Money?

How do you Protect your Money?

A major concern for many of my clients who are nearing retirement is how to protect their hard earned money from future down turns in the market.  Did you suffer a loss in 2008?

According to the Federal Reserve, between 2007 and 2010, median U.S. household net worth Dropped by 39%.

People nearing retirement should be smarter about managing the market risk in their retriement accounts if a drop in networth is concerning to them.

Clients who are relying on their 401K's and other retirement accounts may be glad to know there is a safe way to protect savings from "market corrections".  I dislike the term market correction, that's what my former financial adviser called it when I screamed bloody murder over my 401K losses.

What you can do to protect your 401K is request an in-service withdrawl (take your money out of your account and place it somewhere with no market risk).  You request a direct rollover of the money you want protected to an IRA with an insurance company.

Typically at 59 1/2 and older you can request a direct roll-over of your 401K funds from an employer sponsored program into an IRA.

There is no tax penalty for moving money from your qualified 401K to a qualified IRA.

I quote from a January 6, 2014 Money Market article by Steve Vernon called "How Long Will Your Retirment Saving Last?"  "One way to avoid running out of money before you die is to buy an annuity from an insurance company, which guarantee's you a monthly payment no matter how long you live and no matter what happens in the economy.

Unfortunately, many people don't buy annuities, but instead keep their savings invested in the stock market and make withdrawals to cover their living expenses.  Another mistake is not having a formal plan for withdrawing money......."

For many clients using and in-service withdrawal from a qualified plan to fund a fixed indexed annuity with a guaranteed lifetime retirement income benefit is a good way to protect at least your basic financial needs when you retire.

This provides a secure lifetime income with money in your mailbox every month.

Make sure to seek good financial advice to choose the appropriate fixed indexed annuity for your circumstances.

Please feel free to contact me with any questions.

Cory Payne

Beehive Insurance Retirement Planning Services

cpayne@beehiveinsurance.com

801-685-6860

Some Secrets to Understanding Annuities

Some Secrets to Understanding Annuities

Below are 3 annuity questions and the answers that I've recently discussed with clients.

Q.  All Annuites work the same, right? 

Mackinac Island

A.  Not at all.  Most people think of annuities like this: I get a payment every month from my annuity for $3,000 and if I die my wife gets 1/2 of that amount or $1,500 per month and when she dies, the annuity dies.

That's how it used to be, but not today.

Today, You can get a payment for $3,000 a month and if you die your wife will continue to get $3,000 per month for as long as she lives and when she dies, any remaining money in the plan will go to your children/beneficiaries.

Since there are 10,000 baby boomers retiring each day, annuities have come a long way to meet those needs.  What we do in our appointment process is show you which one is best for you based on how much safe and secure income you desire.

Because we're independent we can show you many different companies.  Our clients love the learning process of how to retire successfully.

Q.  How come my Advisor didn't recommend annuities?

A.  Perhaps your broker doesn't spend all of his time working just with retiree's.  We have found that most people in retirement don't want their income to go up and down with the stock market.

Yes, people like all the gains of the market but the 55% market loss of  2007-2009 left many people wanting more safety and protecion for their money.  

Most retiree's like predictability and they like knowing that their income will not stop for the rest of their lives.  

Q.  The plan I've developed for myself works as long as the market returns 6% a year as it has for the last 100 years, why should I do your plan?

A.  Maybe you should not.  If you're comfortable taking risk, meaning spending your money as the market goes down, then maybe you're okay where you are.

Our approach works even when the market declines.  If you're comfortable with money in the market, you should have some of it there.  We beleive in protecting your income stream regardless of good or bad times in the Market.

If you have money something to remember is "risk is for those trying to get where you are already", don't mess it up.  Many people if they'll just not lose their money can have all their future income needs met in retirement. 

Successfully Retire.

Cory Payne

Beehive Insurance Retirement Planning Services

cpayne@beehiveinsurance.com

801-685-6860

Here's the Hottest Thing out there for Retirement Income

Need Retirement Income?

Here is the Hottest Thing out There.

The above title is not mine, it's a headline from a TIME Magazine article dated June 16, 2014 by Dan Kadlec.  The decision to self mange your retirement wealth can be risky business.  Would you like to see a safe way others are choosing? 

Below are quotes from the article to help our discussion today.

"Annuity sales are exploding higher as retiree's look to lock up guaranteed lifetime income"  

"Lifetime income has emerged as perhaps the biggest retirement challenge of our age."

"The push is on to help these retirees convert their 401(K) and IRA savings to a guaranteed income stream."

"In a sign of wise planning, easy-to-understand basic income annuities are among the greatest growing of these insurance products."

"In all, net annuity sales reached $56,1 Billion in the first quarter"

"Meanwhile, net sales of fixed annuities, which offer more certain returns, surged to levels last seen in the rush to safety at the height of the Great Recession-totaling $22.6 billion for the quarter."

Immediate annuities are what most investors think of when they ponder buying and income stream. With an immediate annuity you plunk down cash and begin receiving pre-set guaranteed income over a period of, say 10 or 20 years, or life.

"Another type of fixed annuity, called a deferred income annuity or longevity annuity, lets you put down a lump sum in return for income that starts years later--think of it as a form of insurance for old age."

I had a client in my office this week to discuss his retirement strategy.  At age 60 he's done very well for himself and expects the same during retirement.  For him the solution was a deferred income annuity starting at age 66 which guarantee's he and his wife will have healthy retirement income for the rest of their lives.

Another client came in wanting guaranteed income to start now.  She was 62 and single, she had received a pay check each month and she and wanted the same dependable monthly income in retirement.  She had saved well and wanted safety. An immediate income annuity was her solution with money coming in now and protection for peace of mind. 

Another important decision is when to retire.  An annuity can help with that decision.  You may be able to retire now or know when is the best time with guaranteed money in your mailbox each month.

Some people seem to consider buying an annuity as a gamble, in which one has to live a certain number of years to break even.  With the guarantee of any remaining principal, interest and bonus income being returned to beneficiaries their really is no gamble.  But you need to make sure your product has these built in guarantees as not all annuities are created equal. 

Another concern for many is turning some their money over to an insurance company.  I've seen insurance companies pay claims for the past 35 years. Insurance companies are considered one of the safest places to place your money.

I thought I was in control of my retirement with conservative investments in my 401K when the Great Recession took 42% of my nest egg.  I value the security offered by these A rated insurance companies.

The decision of self managing your retirement wealth can be risky business.  I recommend insuring a successful retirement with a portion of your retirement savings placed with a strong insurance carrier.

Please let me know if you'd like a free no pressure consultation about your retirement concerns.

Cory Payne

Beehive Insurance Retirement Planning Services

cpayne@beehiveinsurance.com

801-685-6860

A Tip to Avoid the 2nd Financial Cliff in Retirement

A Tip to Avoid the 2nd Financial Cliff in Retirement

Everyone will face at least one financial cliff when retiring, going from a regular paycheck to Social Security and Savings.  Hopefully this step down will not be more than a 20% clip, but for many it can be as much as a 60% decrease in income.

These reductions of retirement income are the cliffs which should be planned for and negotiated.

I hike regularly in the mountains behind my home, there are large patches of scrub oak which are difficult if not impossible to pass.  If time is taken before my hike I can plan out my trail with certain markers and make the critical turns as to not trap myself in an undesirable situation too near a cliff.

What many married couples don't realize is the 2nd Financial Cliff occurs when a spouse passes.  Let me Illustrate.

Below is a  hypothetical Income situation for a couple retiring at age 66

Husband has Pension Income annually:      $36,000 

Husband has Social Security annually         $20,000 

Wife has Social Security income annually   $10,000

Total Annual Couple Retirement Income    $66,000

The $66,000 of income could in most cases provide a good retirement.  Savings, 401K money, and investments could then be used for the fun things.

Let's Assume the Husband passes at age 75.  What would be the income for the surviving spouse?

Husbands Pension is now 50%                  $18,000

Wife now get husbands Social Security      $20,000   (she loses her SS)

Total annual Widow Income                      $38,000

Total Loss of Income                               ($28,000)

For the surviving spouse this large drop in income is almost a 2nd death.  She loses over $2,000 per month with the passing of her loved one.  When is the best time to have a large drop of income?  Not now, not ever.  What is the solution? Planning ahead to avoid the cliff, see below.

Assuming this couple had 401K, Investments and or Savings money.  Had they placed $200,000 into an income annuity at age 60 her situation would be dramatically different.

New Income Scenario Assuming an Annuity purchased at age 60 and husband passing at age 75

Husbands Pension is now 50%                 $18,000

Wife now gets husbands Social Security   $20,000      (she loses her SS)

Income Annuity payment for her lifetime    $31,646     Guaranteed for the rest of her life 

Total  annual Widow Income                    $70,646  

Total Gain of Income with passing             $ 4,646 +  

A similar solution is available at regular retirement age by planning ahead with a good income annuity.  At regular retirement age you would get guaranteed retirement income for both lives and continual income when one partner passes.

The insurance industry has are some very attractive "income producing" products, with lifetime payment guarantee's, guarantee return of premiums and interest if both parties pass early, income continues even if the account value goes to zero in case of longevity. 

Not all annuities are created equal, please get competent advice.

If you want to secure a safe income passage as you approach these retirement cliffs, Please contact me for no pressure guidance.  All my consultations are free and are no-pressure and completely confidential; even the ones where I recommend you not to do business with me.

Warmest regards,

Cory Payne

Beehive Insurance Retirement Planning Services

cpayne@beehiveinsurance.com

801-685-6860

   

Do You Make These 3 Mistakes When Thinking About Retirement?

Do You Make These 3 Mistakes When Thinking About Retirement?

I've talked with couples and singles about retirement planning and the most common "talking points" I hear are shown below.  

Do You Have Plan?  Most people say "I don't have a plan, I don't know what to do.  I don't have knowledge as to what I should do.  That was the position I found myself in when I looked at the "ashes" of my 401K after the stock market correction of 2007-2009, I've been a student of retirement strategies ever since.

Many people are hoping someone else will help them plan their retirement.  Some are professional procrastinators. Do you know any procrastinators? (no hands please)  But if you roll up to age 66 without a plan there's a large probability you'll be without anything but Social Security money before the end.  How would that make you feel?

Is There Too Much Risk in Your Retirement Portfolio?  I told my investment adviser back in 2005 that I wanted minimal risk in my 401K portfolio.  A 42% loss was not my idea of minimal risk, I was devastated.  Retiree's and future retiree's cannot afford to have their money to go backwards. I want to stop this from happening to you.

Many I've spoken with said prior to 2009 they wanted to leave a legacy for their grand children, now several have said they're just hoping not to run out of money during retirement.   

Do you know there are Safe and Secure Money Alternatives?  Safe and secure retirement solutions are available if you know where to look.  It's exciting give hope to help educate clients.  Retirement students are shocked at how easy these steps are to implement.

There are many ways to keep your money out of harms way before disaster happens.  I can easily show you how to protect your future retirement.

Conclusion:  Safety of my Retirement Money is Critical.  Safety of Your Money is my Top Priority. 

Please let me know if you have any questions.

Cory Payne

Beehive Insurance Agency

cpayne@beehiveinsurance.com

801-685-6860

Understanding Fixed Indexed Annuities

 

What is a Fixed Indexed Annuity?

Fixed indexed annuities are secure investment vehicles issued only by life insurance companies. Fixed index annuities offer the guarantee of principal and the potential of market-linked growth, with no risk of losing principal due to market swings. The fixed index annuities have the same features, benefits and guarantees as traditional fixed annuities plus the potential for you to earn greater interest credits. 

 

Annuities are like pensions, most pension plans use insurance companies for their pension payouts. 

 

Benefits of Annuities: 

 

Guarantee of Principal: With a fixed indexed annuity, you are guaranteed the safety of your principal, regardless of stock market fluctuations. The insurance industry is regulated and cannot place policyholders’ money at risk.

 

This was big deal for me after the 2007-2008 crash. If my retirement money in 2009 had stayed the same as it sat in 2006, I would be doing cartwheels. Instead, because my money wasn’t in a fixed indexed annuity, I had a 42% loss of my retirement savings - even while making 401K contributions during that time.

 

When nearing retirement age, don’t make the mistake I made. Protect your retirement income by transitioning to the security of a fixed indexed annuity.

 

Tax Deferred Growth:  Any interest earned in your fixed indexed annuity is tax deferred. What does that mean for you? Quicker growth over a shorter period of time.

 

Guaranteed Lifetime Retirement Income Stream: People are living longer than ever. That means your retirement income must last longer than ever before. Retirement Income Author Tom Hegna suggests planning for longer than you expect. He says, “You cannot plan to have income until age 90 any more - you really need to plan to have income until age 100 and possibly beyond."

 

My parents are 87 and 84 and going strong. I feel I need to plan on 30 years and probably an extra 5 years for my wife in retirement. Will your money last 30 years?

 

A fixed indexed annuity guarantees a yearly sum, no matter how long you live. That means you’ll have the security of a check in the mailbox every month for the rest of your life.

 

Liquidity:  Typically, you can get penalty free withdrawals up to ten percent, once each year after the first year (check your contract). While somewhat limited, the benefits of the guaranteed annual payments outweigh the liquidity concerns for most investors. Especially when close to retirement age, this level of liquidity should not be cause for concern. Give a trusted insurance company your money and they'll guarantee X dollars now and X+ dollars in the future.  

 

I placed $100,000 in a fixed indexed annuity with a strong A-rated insurance company. My wife and I will receive a minimum guarantee of $10,000 per year the rest of our lives at age 67.  This money was originally banked for retirement and my bank’s returns were not satisfactory. While I will not touch this money until I retire and I know exactly how much the monthly guaranteed payment will be.

 

Additional Liquidity Safety Net:  Some contracts give you a 100% penalty free withdrawal for a terminal illness after the first 12 months. And a 100% penalty free withdrawal after the 3rd year if confined to a qualified nursing home.  Not all contracts are created equal please get competent advice.

 

Annuities Avoid Probate:  In almost all cases, annuity proceeds go to your beneficiaries upon death of the investor. This benefit helps you avoid the additional loss of probating. Depending on the terms of your annuity, the beneficiary may receive a lump sum or number of payments.

 

Upfront Bonus:  Some annuity companies offer incentive bonus money for moving your IRA, 401K, savings and or investments.

 

Do you have Long Term Care Coverage?  Some fixed indexed annuity contracts offer additional payouts - up to five years - if you’re unable to do two of the following tasks: bathing, dressing, feeding, toileting, continence and transferring (moving in or out of bed) by yourself.  The additional payments could provide the necessary care needed. 

 

 

Commonly Asked Questions:

 

Are Fixed Indexed Annuities registered investment products?  No. Almost all fixed indexed annuities are insurance contracts, regulated by state law and state insurance departments. 

 

Can Contract-holders make withdrawals from their Fixed Indexed Annuities? Yes, see the section on liquidity above.

 

What is the likelihood that the insurance company will go out of business?  Very unlikely. Guaranteed fixed indexed annuities are considered safe because the underlying premiums are not subject to loss in the stock market.  Each state has an insurance commissioner who reviews products issued by that company in their own state. That commissioner makes sure that the company keeps a sufficient surplus on hand to satisfy claims.  

 

Also, your premiums are primarily put into U.S. Treasury and investment grade corporate bonds, so the money is not at risk in the equity markets.

 

The fixed index annuity is a proven success story for retiree's needing guaranteed income during retirement.  

 

Insurance = Safety

 

Cory Payne

Beehive Insurance Retirement Planning

cpayne@beehiveinsurance.com

801-685-6860

A compelling retirement concept

A Compelling Retirement Concept!
It's all about INCOME during retirement.

I have a friend who owns a duplex.  He paid $400,000 for this apartment when he was 55 (8 years ago). He's had good tenants and bad.  He's paid legal fee's to have the bad removed, replaced the roof, repaired walls and carpets.  

He nets about $15,000 annually depending on the year, and this is going to supplement his social security payments.

He's not looking forward to being a landlord the rest of his life but he believes he'll need the income.

Had he placed this $400,000 with a strong insurance company, American Equity for this example, he and his wife at age 65 would be guaranteed $33,667 annually for both of their lives, with no tenant head aches.  The math is the same for deposits of $5,000 to $1,000,000

If they lived until age 90 their payments would exceed $841,675.  $33,667 divided by $400,000 = 8.42% annual yield.  And payments continue until the 2nd death.

Are there downsides to this insurance product?  Yes, to insure the annual payment of $33,667 at age 65 they'd have to not access the cash, but if he wanted cash he could access 10% per year without penalty.

What if they both die early?  All remaining principal and interest would be returned to their beneficiaries.

What if the Stock Market Crashes Again?  There will be no loss of principal since these funds are not invested in Wall Street but placed an insurance company.

What if they wanted to retire at age 60?  They'd receive $22,511 annually guaranteed for both lives (5.63% yield).

I moved $100,000 of my savings to American Equity last year and will receive nearly $10,000 annually when I retire, this is for the rest of our lives jointly.  I'm too young to access my 401K money (under 59 1/2) but next year I'll quickly move some of that money to add another layer above my Social Security payments.

Had I left my money in the bank, my same spend down of $10,000 annually would exhaust my savings in 10 1/4 years.  

I don't like the Wall Street "gamble" as I call it, so I don't play there.  

I've always wanted safe "rental income" during retirement.  I've now created my own pension (rental income). And you can too.

I appreciate any and all comments.

Cory Payne

Beehive Insurance Retirement Planning

cpayne@beehiveinsurance.com

801-685-6860 

What Happened to the Good Old Days of Retirement?

What Happened to the Good Old Days of Retirement?

In the good old days my parents and neighbors worked for their employers many years, often it was the same employer.  When the "golden" age of 65 came around they received a shiny new watch, had a party and walked out the door with a Pension and Social Security.  Often times all their basic income needs were met with these 2 guaranteed monthly income sources.

Personal savings and investments were used to travel, visit the grand kids, dinners out, attend ball games and help pay for grand children's college cost.  In a way retirement was already worked out for them with their employer Pension and Social Security without any thinking or planning ahead on their part.

Things today have really changed.  Today we face a financial/income cliff at retirement when money from Social Security will most likely be 1/3 or less than what we currently make.

I personally know people in their 60 who've worked for over 7 different employers.  Most couples have no pension, a couple of small IRA's, a 401K, and some savings accounts.  They worry about spending down their money quickly and living only on Social Security.  Safe planning for these folks is a must to ensure retirement income doesn't cease.


How can you make your money last?  This will be the discussion.

I've been on a six year mission after my 401K dwindled by 40% to find answers to my retirement income questions and I've discovered some great solutions within the insurance industry.  Things like Guaranteed Retirement Income for life (money in your mailbox every months for life) has given me peace of mind going forward.

I'll quote from many articles such as TIME Magazine and the Harvard Business Review that suggest these secure income product as a top choices.

I'll discuss the upside and the downside to these products and other investments.  I hope you'll find the discussions compelling and helpful.

Please come back! :)

Can You Afford to Lose 40% of Your Retirement Income?

Dear Future Retiree who Wants Certainty and Peace of Mind in Retirement,

Recently a client and his wife came into my office.  Both in their 60’s.  They were worried about running out of money during their retirement.

(Does that Sound Familiar?)

They had over $500,000 in 401K programs at the end of 2006... Not bad.

But at the end of 2008 the funds were crushed to under $300,000.

Ouch!

They wanted to make sure this Never happens again - especially just before they retire.

I asked:  What did your financial adviser offered for a solution? I was shocked at the reply.  “Nothing can be done, this was a market correction and these things happen”.

And next…  “If you’d Shift more into bonds and less into stocks, that might help but will Not guarantee your investments won’t go down when the next crunch comes”

The treatment made me Angry!  This is the typical Wall Street answer of stay to course.

 I saw this happen to me personally.

When my portfolio vanished by 42% (which took me 15 years to accumulate!).  I asked my company ADVISER what happened.  They gave me the same answer a "market event".

My three hundred and fifty thousand dollar 401K was slashed to just over two hundred thousand.

My reaction was "There has to be a better way"- which set me on this five year journey to help not only my family but those in my community.

Back to the couple in front of me...

The big risk they had was they’d end up with a nest egg that’s far short of where it needed to be to fund their retirement years, especially if there was another 40% market downer.

Here is a quick story to show what I mean.....

What if you got onto an airplane and the pilot says, “There’s only a 10% chance we’ll arrive at our destination today”

What would you do?

Get off the plane in a hurry I hope.

According to the Center for retirement Research at Boston College, “Less than 10% of bommer retirees will be lucky enough, and smart enough, to plan and…. prosper in retirement.” The article went on to say 3 things are needed:

1. You must have a Plan

2. You must evaluate your risk tolerance

3. You must act NOW.

("3 keys to increase retirement success": FOXbusiness 8/16/013)

My clients had all their retirement funds “at risk” in the stock market and they wanted safety and fast.  They didn't want to lose any more money!

What they wanted was Guarantees of Safety and Security for their retirement funds.

Here are the 5 precise questions I asked (which you should be asking yourself now too):

What does your retirement plan look like?  "What is a retirement plan? We thought you stashed money away and at retirement this miracle occurs and all our need would be taken care of..... but we're beginning to realize that may not be the case."

Your Answer:
___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

How Much Income will you need during retirement?  What will be your basic income needs?  How about fun things like dinners out, visiting the grandchildren, going on that dream cruise you've had on your list for years?  They didn't know.

Your Answer:
___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

How long will your income last during retirement? "Big worry about that one!"

Your Answer:
___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

Can your income go down during retirement?  You know retirement is Not a good time to run out of money or have a reduction in monthly income?  "We're assuming we'll be short."

Your Answer:
___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

Are you protected if you have a health event?  A long Term Care Situation?

Answer:
___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

If any of those questions gave you cause for concern the next questions may give you some hope:

Did you know there are insurance products that can guarantee that you cannot lose your principal investment? "no"

Did you know these annuity products guarantee competitive growth for retirement income streams that will never stop until you both die? "no"

Did you know these income streams will never go down and income continues even if the account values goes down to zero in case of longevity? "no"

Would you like additional retirement money every month in your mailbox guaranteed in addition to your social security checks?

Would you be interested in putting some of your money where you cannot lose your principal and get guaranteed lifetime retirement income that will never go down? "yes?"

This is exactly what I do.

I focus on Safe Retirement Income and what I do is show our people like you how to create and income stream from their money that they’ll never outlive.

An article titled “Indexed Annuities Increase Retirement Success to 97.5%” states the solutions to 97.5% retirement success I using fixed indexed annuities. (1/2014 InsuranceNetNews Magazine)

Fixed Indexed Annuities guarantee you can’t lose your principal.

So back to the couple.......

I helped them develop a comprehensive plan based on their risk tolerance.

They acted and moved some of their money to the safety of the insurance industry with a fixed indexed annuity.

If you can’t afford to lose 40% of your retirement income again, please contact me for a no obligation and no pressure consultation.

Thanks,

D Cory Payne
Beehive Insurance Retirement Planning Services
302 West 5400 South #101
Murray, Utah  84107
801-685-6875 Direct
801-685-2899 Fax
cpayne@beehiveinsurance.com
www.linkedin.com/pub/cory-payne/17/885/33a/