You Insure Everything Else … Why Not Insure Your Retirement?

Roberta Kessler, Financial Advisor, Univest Investments, Inc.

Almost everyone insures their car, valuables and home. Who wouldn’t? You have a lot invested in your property – possibly hundreds of thousands, if not millions, of dollars.

When you think of all the discipline it took to accumulate your assets, why worry about running out of money when you don’t have to? If you are approaching retirement, or already retired, your financial mindset changes from one of accumulating (saving) for retirement to depleting (spending). This is a whole different approach and is often difficult to comprehend.

The biggest fear many of us have is running out of money. While working, we have fewer unknowns than when retired. For example, when working, we know when we will retire (or want to). But when retired, we don’t know how long we will live and, therefore, we don’t know how long our money needs to last.

There are so many unknown factors that affect our retirement lifestyle. While traditional growth investments such as stock and equity funds can provide higher potential returns, there is no downside protection and no guarantee in the event of a market downturn.

One way to eliminate the market risk for investments is through the use of Guaranteed Lifetime Income Annuities, which are becoming very popular. They offer you the assurance of not running out of money, no matter what happens in the market or how long you live, allowing you to guarantee your retirement paycheck.

Don’t worry about running out of money when you don’t have to. At Univest Investments, one of our experienced financial advisors can explore if this solution makes sense for you. Contact us today at 215-721-2112 or investments@univest.net to get started.

Investments and Insurance products are offered through Univest Investments, Inc., member FINRA and SIPC, a licensed subsidiary of Univest Corporation of Pennsylvania. They are not FDIC insured, are not a deposit of or bank guaranteed, and are subject to risks, including possible loss of principal amount invested. Consult a tax advisor regarding what may be best for your personal situation.


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