For me, it was about be­ing able to get a good night’s sleep

Record Observer - - Senior Satellite - By RE­BECCA THACKER

It’s no se­cret. We all know that we need to plan for re­tire­ment. We know we need to save and have very good in­ten­tions. But un­for­tu­nately, for some, the “I Will Start To­mor­row Sav­ings Plan” never ma­te­ri­al­izes.

A wo­man rais­ing a fam­ily is faced with com­pet­ing needs for her sav­ings dol­lar. Of­ten, she will forgo a ca­reer to raise her fam­ily or put off her re­tire­ment sav­ings to fund ed­u­ca­tional ex­penses for her chil­dren. Or maybe she needs to take care of el­derly par­ents. Whether she works at home or out­side the home, the key to a fi­nan­cially se­cure re­tire­ment is early plan­ning and dis­ci­plined sav­ings habits.

Not only is sav­ing dol­lars for re­tire­ment im­por­tant but choos­ing the right plan can be just as im­por­tant. There are em­ployer spon­sored plans, CD’s, stocks, bonds and mu­tual funds. But which one is the best? Well, there is no sin­gle one an­swer. Your fu­ture re­tire­ment in­come is highly de­pen­dent on cash de­posits, the time frame avail­able for ac­cu­mu­lat­ing the funds and the per­for­mance of the funds. And what is the big­gest ques­tion of all when de­cid­ing on a re­tire­ment plan? What is your tol­er­ance for risk?

For me, the an­swer in choos­ing the right re­tire­ment plan all came down to one thing. It was all about get­ting a good night’s sleep. I wanted safety and guarantees. I wanted to know that the money I had worked so hard to save would be there when I needed it. I wanted steady growth with­out the risk of los­ing my prin­ci­pal and the in­ter­est I had al­ready earned.

That is why I chose a Fixed In­dex An­nu­ity (FIA) to ac­cu­mu­late dol­lars for my re­tire­ment plan. The Fixed In­dex An­nu­ity (FIA) guarantees the safety of my prin­ci­pal and a pre­dictable in­come for a more se­cure re­tire­ment. It al­lows me to par­tic­i­pate in the gains of a stock mar­ket in­dex with no down­side risk. It al­lows my re­tire­ment dol­lars to ac­cu­mu­late tax de­ferred (un­til I need it) which al­lows me to earn in­ter­est on my prin­ci­pal, in­ter­est on my in­ter­est, and in­ter­est on the money I would have had to pay Un­cle Sam. In the event of my death, it al­lows my re­tire­ment plan to pass on to my ben­e­fi­ciary and avoid pro­bate.

I don’t have to worry about “Bulls and Bears” or “The Clos­ing Bell”. My re­tire­ment dol­lars are grow­ing and they are safe .... And for me, that’s all about get­ting a good night’s sleep.

Re­becca Thacker is vice pres­i­dent of Bay State In­sur­ance Agency Ltd in Centreville. She earned her Char­tered Life Un­der­writer and Char­tered Fi­nan­cial Con­sul­tant des­ig­na­tions through The Amer­i­can Col­lege. She and may be reached at 410-7581680.

Com­pass Re­gional Hos­pice chose Kurt Riehl of Centreville as its most re­cent vol­un­teer of the month.

RE­BECCA THACKER

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