This is a sponsored post in partnership with Prudential.
Have you given much though to retirement? Truthfully, it’s wasn’t something I thought much about until recently. With my step-dad’s sudden retirement a few weeks ago, it’s something that’s been fresh on my mind. While I thought I was on the right track and doing things right to protect our retirement, an eye opening trip to New York City with Prudential showed me that I may not doing as great as I thought. As a woman talking about money, especially publicly, is kind of a taboo topic but it shouldn’t be. It’s just one more thing that should be talked about and as women, we need to be more comfortable talking about it so we can prepare for our future and retirement so we can enjoy out best life when we’re older.
I hope that my willingness to share an important topic such as money will inspire more women to do the same with their family and friends. As women, we need to take a proactive role in protecting our retirement now not later.
Money and finances are a topic that I frequently bring up and talk about with both my kids. I want money to be a comfortable topic for them as they grow up and the sooner it’s introduced the better. We talk about savings, spending and even saving for retirement.
Growing up, money wasn’t a topic that either of my parents would talk about with me. Everything I learned about saving, investing and retirement came from other people or things I read or experienced once I started working. I didn’t want that for my kids. I wanted them to be aware of money, how to save, how to spend wisely so they grew up with a healthy sense of money.
For myself, I may have gotten a later start than others when it came to saving for retirement but that hasn’t stopped me from playing catch up.
Especially because we have bigs plans for retirement and I already have an idea of what we want to do (travel) and where we want to live (somewhere warm year round).
One topic introduced to me was the concept of Protected Lifetime Income, a topic that I hadn’t really thought of before.
WHAT IS AN ANNUITY?
Do you know what an annuity is? An annuity can provide protected monthly income for the rest of your life. Learning about annuities has totally changed the way I look at retirement. It’s basically like a guaranteed “paycheck” for life and a reliable source of income.
- Women need to find ways to generate regular, reliable monthly income in retirement and not just count n on living off accumulated savings from 401ks and other savings accounts like pensions since we are living longer.
- Annuities can help grow your initial assets while offering protected monthly income for the rest of your life that can fill a critical gap in your retirement funds.
- Annuities can provide a safeguard when the market stumbles, and an income stream you can count on.
- Prudential has the knowledge and solutions to fill a critical gap in retirement planning by supplementing savings, social security and investments.
On average, women live longer than men by an average of 5-6 years1.
The idea behind Protected Lifetime Income is basically where an retirement income source, like an annuity, makes regular payments to you almost like a paycheck you get from work now, but this time in retirement. It was eye opening and made me want to learn everything I can about this type of protected income.
Are you as interested in finding out more about annuities as I am? Learn ways you can protect your retirement with a Prudential financial professional to help create a strategy for steady, protected lifetime income. Click here to set up a complimentary meeting with a Prudential financial professional today: smarturl.it/pruform.
And click here to learn more about Prudential annuities.
1Prudential Retirement analysis; National Center for Health Statistics, Health, United States, 2015: With Special Feature on Racial and Ethnic Health Disparities. Hyattsville, MD. 2016;