Many of us have probably thought at one time:
Will my savings last through retirement?
How will the volatile financial markets impact my long-term retirement goals?
When financial markets don’t perform well, a plan of continuing to take out yearly retirement distributions (qualified funds) will force you to sell when the markets are volatile. And market downturns at the beginning of a retirement can have a long-term negative impact on your retirement funds.
What alternative form of retirement income can provide strategically needed cash when the markets are not performing well for your qualified funds?
A Whole Life Insurance Policy can add a conservative element to your retirement income/tax shelter strategy that may help steady the ups and downs of the inevitable market trends that occur over time.
A Whole Life Insurance policy becomes a cash asset over time because a portion of your premium payments are allocated to your policy’s cash value.
Adequately funding a Whole Life Insurance policy may provide an individual with the right amount of cash to help offset the down markets during retirement. Rather than being in automatic and withdrawing your yearly retirement funds from your qualified plans in a down market, think about:
Strategically taking a policy loan following a down market year, helping provide time for retirement funds to recover and grow.