Call Us Call Us

Retirement Income Strategies

Home >> Services >> Retirement Income Strategies

If thinking about investing in your retirement with growth-seeking products brings to mind images of tropical vacations and luxury sports cars, you're not alone. Many people can't imagine being able to retire with any kind of real security, but it doesn't have to be this way. Creating a retirement income strategy and growing your assets is a realistic goal for just about everyone and should be at the top of your to do list as you plan for your golden years.

Longer Life Spans Mean Increased Savings Needs

With the ever-increasing advancements in health care and technology, life spans have also been on the upswing for the last few decades. The average life expectancy in the United States was just over 78 years as of 2015, but a recent study found that couples who are still married at the age of 65 have a 50 percent change of at least one spouse living to age 94.

While living longer is a great thing in all other respects, it can be problematic when it comes to retirement because it means that your retirement savings may need to last for 25 to 30 years.

If this worries you, you're in good company. According to the Insured Retirement Institute, a full 61 percent of Americans find the prospect of outliving their retirement assets scarier than actually dying. While it's a good idea to be realistic about this risk, you don't have to live in fear. A solid, growth-building retirement income strategy can give you more security and a feeling of financial peace.

Expecting the Unexpected

In every stage of life, there are bumps in the road, and this is still true when it comes to retirement age. One of these is the possibility that you could have a significant loss or other life event near or just after your retirement, which can have a negative impact on how much income you have access to for the rest of your life.

If a spouse's death or other negative life event happens a few decades before retirement age, you have plenty of time to adjust your contributions and investments accordingly. But when this happens just a few years before you plan to retire, it's much harder to recover. Think of it like the difference between finding out that you're going to need to get a new car in the next five years versus the transmission going out in your car on the way home from work today.

In the first case, you can easily budget for the expected cost over the next 5 years, but the second is a real emergency.

How We Can Help

At Ross Wealth Advisors, we know that planning for retirement can be confusing and intimidating, but we also know that it's one of the most important things you can do to ensure that your needs are met and you get to retire with dignity.

Our knowledgeable team can talk with you about your goals and help you build a retirement income strategy that incorporates insurance and annuity vehicles to help you create opportunities for long-term growth and consistent income throughout your retirement.

Request a complimentary visit with Don or call us at 614.310.4519 to discuss your hopes, dreams, concerns and everything else about your financial future and the abundant retirement you deserve.

1 Prepared by Ernst & Young Insurance and Actuarial Advisory Services practice. The analysis uses the Annuity 2000 mortality table with Scale G2 mortality improvements.

2 State of the Insured Retirement Industry: 2012 Recap and a 2013 Outlook, Insured Retirement Institute

Guarantees are backed by the financial strength and claims-paying ability of the issuing company and may be subject to restrictions, limitations or early withdrawal fees. Annuities are not FDIC insured.

By contacting us, you may be offered information regarding the purchase of insurance and investment products.

Your investment advisor is not permitted to offer, and no statement contained herein shall constitute tax or legal advice. You should consult a legal or tax professional on any such matters.

All written content on this site is for information purposes only. Opinions expressed herein are solely those of ROSS WEALTH ADVISORS and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness.
All information and ideas should be discussed in detail with your individual adviser prior to implementation. Fee-based financial planning and investment advisory services are offered by TOUNJIAN ADVISORY GROUP, LLC, a Registered Investment Advisor in the State of Florida. Insurance products and services are offered through ROSS WEALTH ADVISORS, and TOUNJIAN ADVISORY GROUP, LLC are unaffiliated companies. The presence of this web site shall in no way be construed or interpreted as a solicitation to sell or offer to sell investment advisory services to any residents of any State other than the State of Ohio or where otherwise legally permitted.

Do you have a real plan for generating sustainable retirement
income or are you just “winging” it?
Request your Complimentary Copy of

"The Retirement Playbook"

Lessons from Retirement All-Stars

We assist each client, their families and small business owners build, protect, preserve and understand their long term financial,estate and tax planning concerns.

*Guarantees provided by insurance products are backed by the claims paying ability of the issuing carrier.

The Social Security Decision Guide is provided for informational purposes only. It is not intended to provide tax or legal advice. By requesting this report you may be provided with information regarding the purchase of insurance and investment products in the future.