What to do with the Money?

October 21, 2020
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Currently the U.S. population is around 323 million people. Of this number 50 million are age 65 or older. Believe it or not 10,000 people retire (turn age 65) every day. Most of them do not have a financial advisor. Why is this fact important? Because many of these people will be facing the biggest (six figures or more?) decision of their life. They will have to decide what to do with their 401k account or lump sum pension. In many cases this amount of money may be more than their house or car cost.

The first and most important realization is that this sum of money should last a lifetime. With a large sum it would be easy to think that you could do this or that with the money but remember retirement is a long time. Preservation of capital is of paramount importance. On average a person age 65 can look forward to another 18 years (for men) and 20 years (for women) of longevity. Knowing these facts should help you make better decisions about your money. There are thousands of investment options available to you believe it or not. A good financial advisor can help guide you through these choices. Their experience and knowledge will help create a secure and enjoyable retirement. Under their guidance and by following a plan your account can last forever and maybe even grow over time.

NSS has the pleasure to work with hundreds of these individuals. Many times an NSS IRA is the best choice. Why an IRA annuity and what are the advantages?

  1. These accounts will earn a competitive rate of interest.
  2. There are minimum guarantees with a strong track record of performance.
  3. Flexibility to allow monthly income or lump sum withdrawals to suit your needs.
  4. Peace of mind – knowing that no one has ever lost money with us.
  5. Stability – no wild ups and downs with your account value (i.e. stock market).
  6. No annual fees or maintenance charges. 100% of your money is earning interest for you

Contact your local NSS representative for more information. Or if you don’t have an advisor and would like to work with one in your area; call us and we will find the closest one to you.