retirement planning

Why You Should Get Serious About Retirement Planning

Whether retirement is right around the corner or you want to secure your future while you’re young, planning is crucial.

Many people think that life will sort itself out when they get to retirement. While that’s a perfectly fine philosophy to live by, planning your retirement will save you from unwanted stress and provide you and your family with a safety net when you need it.

Here’s why you should get serious about retirement planning.

The Average Life Expectancy for Americans Continues To Rise

People are living longer than they ever have. Research suggests between 2010 and 2030, about 10,000 Americans will turn 60 every day.

A higher average life expectancy means you’ll have to save more money in order to stretch it out through retirement. You’ll need more retirement savings and you’ll need to plan for longer. So it’s best to start sooner than later.

healthy and safe retirement

It’s Risky To Rely Solely on Social Security or Medicare

Social Security and Medicare alone aren’t enough to ensure a comfortable retirement. You should always aim to supplement them with retirement savings.

For instance, when Medicare can’t cover certain medical treatment costs, or is altogether taken away, you need to be prepared.

Retirement Life Insurance Has Several Benefits

Here are a few of the benefits of retirement life insurance:

  • Incorporating life insurance into your retirement plan ensures that a surviving spouse doesn’t face financial hardship after your death. It’ll help them pay off funeral expenses, mortgage payments, and other debts (if any).
  • If you properly structure your life insurance policy, it can provide you with tax-free cash flow, tax-deferred growth, and a tax-free death benefit.
  • It’s an effective method to transfer wealth to heirs and future generations. Again, if you structure your policy properly, you could possibly transfer your estate free of tax. Consult experts on how to do this.
  • It provides access to cash in order to fund your retirement. If you feel like you don’t need the same amount of coverage your permanent life insurance policy currently provides, you can access the cash value of the coverage.


If you require affordable retirement life insurance FL,final expense insurance, or Wholesale Term insurance Palm Beach county, Pinellas County, Broward County, Miami-Dade CountyHillsborough County, and elsewhere in Florida, get in touch with us for a free quote! Or call us at (800) 381-1245.

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