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Monday, January 23, 2012

Outliving Your Money? Essential

The Constitution doesn't guarantee happiness, Ben Franklin liked to say, "only the pursuit of it, You have to catch up with it yourself." 
That kind of independent thinking might also apply to the idea that financial happiness is often tied to the pursuit of retirement security and the fact that so many worry about outliving their assets. That may not exactly be news, but it's a concern that the experts at Pension Parameters constantly addresses with its clients.
A new survey shows that nine out of 10 baby boomers say they are more afraid of outliving their money than they are of dying.
Now that's scary! What to do? 
Well, for starters, Pension Parameter advisors zealously stay on top of all the latest data
that scrutinizes the most prudent retirement options. For example, respondents to the 2nd annual "Reclaiming the Future" survey by Allianz Life Insurance Co. increasingly
say they want to deal with a financial advisor, and that they prefer products "guaranteed not to lose money," rather than those yielding a higher return. What about
tapping into Social Security benefits at age 62--or waiting? What does the authoritative GAO study on the subject released this past summer tell? 
For many, weary from a seemingly endless supply of financial research, reports, reviews, charts and surveys, there's a limit to how much number crunching and information-sifting they can do without their eyes glazing over. Not to worry: Pension Parameter experts
distill all the recent and major findings into its own recommen-
dations. 
Outliving one's money is essential. But so, we believe, is providing a strategy, plan and comfort level that assures it's never in doubt.

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