• S&P 500 has gained 17.5% per year during the bull market run that begun 3/10/2019

  • By the year 2025 more than 50% of the workforce will be millennial 1981-1997

  • 41% of American households make less than $50,000 of AGI per year. Only 8% of American households make at least 200k of AGI per year

  • The budget deficit for the US in fiscal year 2019 that ended in 9/30/2019 is $984 billion.


Source: Social Security & Pensions, SmartMoney, October 2011and Retirement Benefits: Access, Participation and Take-Up Rates, Private Industry Workers, National Compensation Survey, Bureau of Labour Statistics, March 2013.

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Many of us assume that our spending will decline in retirement, but this isn't always the case. There are some prime reasons why your expenses could actually rise. The good news is that we offer the planning and solution for your retirement:

  • Vacation: You will have the leisure to go places you’ve always wanted to see but never had time for when working nine to five and perhaps raising kids. 

  • Taxes and Inflation: With what is going on right now, you will soon realize that the tax bracket is potentially increasing in the future. And this may hit you hard when you start withdrawing your retirement funds from 401K and IRA accounts, not to mention the inflation also plays a vital role in your money valuation at that time of retirement.

  • Healthcare: Medicare will take care of a lot of your medical expenses, but probably not all so you will have to spend on Medigap to cover all the costs that Medicare doesn't. And you may want to factor in an even higher number, because many people experience above-average expenses, often due to chronic illnesses, longevity, or long-term care costs.

  • Shopping: Retirement often means spending more time at home, particularly in the daylight hours. You could find yourself wondering how you ever lived with those worn carpets and dingy drapes. You might also want to treat yourself to an up-to-date kitchen, a more luxurious bath, or a separate home office where you can manage your investments or write your spy novel.

  • Lifestyle: You might choose activities that are relatively easy on the wallet, such as spending more time with grandkids, reading, or gardening. But increasingly people want to tap into their savings to create a more active lifestyle that includes travel, adventure, and new activities.


The study has been conducted on a group of people age 44-75. Based on the result, we can see Americans fear outliving their income more than they fear death. 61% of those surveyed said they were more afraid of outliving their assets than they were of death. Maybe you’ve put off having a serious talk with someone because you don’t want to know how they really feel.  Or perhaps, like so many soon to be retirees, you’ve put off doing a comprehensive retirement evaluation for fear that the outcome won’t be so optimistic.

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Despite from Social Security is a retirement source from the government which gives you very little upon your retirement, your personal saving including conservative bank saving accounts and risky investment in 401K and IRA accounts which might not be enough for your retirement. There is another type of retirement account called "Pension". This can be offered by your company (you would barely see any company offer Pensions nowsaday) or if you work in the government sector, you might be given this type of account. Or another way is to create your own private Pension to have a more peaceful and secured retirement.


You can create your private Pensions by opening up Annuity accounts. You now will probably ask what is an Annuity. And it can simply be explained below:

  • They are a long-term contract from an insurance company where you invest your money. In return, you get income in the form of regular payments.

  • Annuities provide insurance against the risk of outliving your money after you retire. You get the potential to grow your savings and create guaranteed income for life.


There are several types of annuity products available to choose from. Whether you’re looking for income options, legacy planning tools or spousal protection, we can tailor a plan to meet your specific goals.

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Benefits of Annuities
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An annuity is a long-term investment that is issued by an insurance company designed to help protect you from the risk of outliving your income. Through annuitization, your purchase payments (what you contribute) are converted into periodic payments that can last for life.

Our annuities are flexible, so you can choose one that enables you to:

  • Invest a lump sum or invest over a period of time

  • Start receiving payments immediately or at some later date

  • Select a fixed, variable or indexed rate of return

Investing involves risk and may lose value. All guarantees and protections are subject to the claims paying ability of the issuing company, but the guarantees do not apply to any variable accounts which involve investment risk and possible loss of principal.


As you look ahead to a successful retirement, consider working with a financial planner to map out a retirement income plan that works for you and your expected lifestyle. As you explore options for your retirement plan, you will have to consider to make adjustments to your spending habits in certain categories of spending to help give you the confidence to live the retirement lifestyle that you've been planning for over many years.