Future Financial Images

"I call it longevity escape velocity -- where we have a sufficiently comprehensive panel of therapies to enable us to push back the ill health of old age faster than time is passing. And that way, we buy ourselves enough time to develop more therapies as time goes on" says Aubrey DeGrey - Chief Science Officer, SENS Foundation.

Basically he thinks medical science is advancing at a pace that will come up with cures  faster than we can become ill in old age.

DeGrey continues

"I'd say we have a 50/50 chance of bringing aging under what I'd call a decisive level of medical control within the next 25 years or so and what I mean by decisive is the same sort of medical control that we have over most infectious disease today."

50/50 those are some pretty darn good odds.  If you could decide how long to live. How long would you choose to live?

Or to put it another way - When would you choose to die?

Perhaps Mr DeGray is on the mark the largest growing segment of population in the United States are those reaching age 100+.

The ramifications this will have on retirement is staggering.  Could we be retired longer than we have lived and worked so far?

Will your money live as long as you do or as long as you choose to live?  Better buy some insurance on that money and fortunately insurance for that is available now.

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Everyday on the World Wide Web there are articles telling potential annuity buyers why fixed index annuities are not right for them, but that they should look at purchasing stocks, bonds, or mutual funds instead because of their potential returns.  A fixed index annuity is an insurance contract, not an investment. Annuities are financial vehicles that offer tax deferral, a variety of income options, and a death benefit. Stocks, bonds, and mutual funds are investments. Indexed annuities should be judged on the merits of the unique features they offer:

• Locked-in interest: A fixed index annuity's indexed interest is locked in each year by a feature called annual reset and can never be lost due to a market downturn. In other words, any indexed interest the owner earns is protected and is not just a number on a statement.
• Timing: Whether or not a person knows exactly when they’ll retire, no one can predict how the markets will be performing at that time. For example, the S&P 500 index was negative four times over the past 10 years. What if you decided to retire during one of those negative years? As stated above, with a fixed index annuity, the accumulation value will never decrease due to market volatility. This means when a annuity owners choose to start taking income from the contract, there is a 0% chance the they will have lost any earned interest due to changes in the market.
• Lifetime income: Annuities can do one thing no other retirement planning vehicle can do: provide guaranteed lifetime income. Regardless of what strategy or formula is being used, an annuity is the only retirement vehicle that will guarantee annuity owners will never outlive their retirement savings.

Like any other financial product, there are terms and conditions usually associated with annuity contracts. An owner will generally have to keep the premium deferred for a specified period of time before receiving income payments to avoid the assessments of penalties, such as surrender charges.  Depending on the annuity selected these could be as short as 4 years.

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Many people have assets tied up in "lazy money" traps – stagnant deposits and investments that provide low returns and are tax inefficient.  For a safe money common sense solution visit -  www.fixedindexannuity.com   More Articles >>