The funny thing about money
By Paul Cross
Annuity National Brokerage Co.
In reality, we don’t want to take our money with us, we simply want to enjoy it throughout our golden years and leave our remainder to our family heirs.
You know the funny thing about money; the more you have the better you like it. And the serious thing about money is you just can’t get enough of it.
Money — is it something you can take with you? I mean, when you leave this world can you take your money with you?
Well, let me tell you about the Mafia leader that passed away. His wife called their two sons into the funeral parlor, and she placed a million bucks in the casket, turned to the two sons and said, “Your Pop made me promise I’d bury him with a million bucks. He doesn’t know who he’s going to have to pay off up there or how much it’s going to cost.”
The older son stepped forward and said, “Now, wait a minute, a million bucks is a lot of cash. Take out a half a million and give him my cell phone. If he needs more he can call us.”
And, the younger son said, “Now, hold on. We really don’t want to be foolish. We don’t know how much money Pop is going to need, so take out all of the cash and give him my charge card and he can charge anything he needs.”
It’s a humorous story, but in reality, we don’t want to take our money with us, we simply want to enjoy it throughout our golden years and leave the remainder to our heirs. Money does matter, and to each of us our own money matters most.
The golden years of retirement now require more money. Retirement is our time to do the things we always wanted to do. If you had the financial freedom to do the things you always wanted to do, what would you being doing right now?
How can we be assured of income throughout retirement?
First, it is important to realize that people are living much longer in retirement than ever before. According to Dr. Plasker in his book, “The 100 Year Lifestyle,” he reveals the fastest growing age group in America is now age 100 plus. Soon there will be more than 5 million people age 100 or older.
How can we be assured an income stream for life to age 100 and beyond?
Economists around the globe and financial universities have documented that income annuities can provide an income for life at a cost as much as 40 percent less than a traditional stock, bond and cash mix. This illustrates how to enjoy more income with continued growth on your money throughout retirement. Now that’s valuable knowledge everyone should have.