Running out of money in retirement is the #1 financial fear of Americans, and it's understandable why. With advances in medicine and technology, we're living longer than ever before which means that your money has to last you that much longer.

When you hear the phrase "guaranteed income for life", you might wonder what that means or how that's possible. Simply put, it means setting up a vehicle with your own money that will act as your own "pension plan", providing you income every month that you can't outlive. The vehicle that creates this guaranteed income is annuities. You put your own money into the annuity contract and then you are guaranteed payments for that contract for the rest of your life.

Now there are good annuities and bad annuities, depending on your needs. There's no "one size fits all" product that will make sense for everyone across the board. This is where you work with a professional who can take a look at your entire situation and needs, and compare annuity plans and features and choose one that best suits you.

No matter what type of annuity you look at, you definitely want to make sure that you add an "inflation rider" to your annuity. Why? This ensures that your income from the annuity will keep pace with inflation in the coming years. The last thing you want is for your income to fall short of what you need. When that happens, retirees find themselves having to go back to work well into their seventies or eighties, and likely for low pay. No one wants to do that after you've spent a lifetime working! This is the stage of your life where you should be able to relax and have peace of mind that your bills will be covered.

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We can help you compare annuity plans, and choose one that suits

your needs so that you can go into your retirement years with

peace of mind and guaranteed income for life.

Call Tenaya Insurance Services at (925) 322-8073 today!

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