Retirement Planning

Retirement is the goal of everyone that I know. However, if we do not do any retirement planning this may be just a pipe dream!

As a business owner this puts an awful lot of pressure on you to not only look out for yourself, but for your staff as well.

Now unless you're living in the dark ages just saving money is not going to put you in a position that you will ultimately be able to retire. Unless of course you are saving a lot of money!

With most investments there is never a guarantee!

So the key to planning is looking for a method to place your money so that it will return more, and significantly is the goal, at retirement age.

With most investments there is never a guarantee! Or is there? Let's explore that question!

Now barring any crises, which isn’t out of the realm of possibilities these days, annuities are one way that you may be able to invest your hard earned savings with a guarantee of return. Contrary to what most people know, annuities have been around for a long time. In a sense they are an insurance policy for your investment.

As far as retirement planning goes, an annuity may be one thing to consider. Keep in mind that just like most things the less risk you take generally the less the return will be. So selecting the right annuity for you arid your staff is really the question that you will need to ask.

Now keep in mind that annuities are not for everyone…

Now keep in mind that annuities are not for everyone, so it is important that you speak with a financial planner for how they may specifically impact you from a retirement planning standpoint! This is not the time to shoot from the hip. There is no question that your future is at stake.

There are many types of annuities, such as, fixed annuities, indexed annuities, variable annuities, and income annuities. Which one, if any, is right for your situation? Depending on when you are visiting this website (current date is January 2011) I, hope to have some information about all these types of annuities included on this site at some point.

Certainly you can also look at more traditional methods…

There are plenty of other types of retirement planning investments that you can look into. As an example you may even consider using a service (you can do it on your own as well) to purchase structured settlements, residential mortgage notes, commercial mortgage notes, or any other type of cash flow instruments. Of course there is risk in these as well, depending on what type of return you are looking for and how quickly you need to make your investment back.

Certainly you can also look at more traditional methods as part of your retirement planning program, such as, money markets, 401k's, stocks, bonds, mutual funds, etc. Again, over time I hope to cover some information on all these various retirement methods. This is all part of having good leadership skills! Looking past today into tomorrow and being prepared. Your employees are counting on you. Your spouse and family are also!

Good Luck and May God Bless You!

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