As the year comes to a close, it is time for you to take a look at the financial choices you have made and see if they are still working for you in light of any life changes you have had.

Did you know that annuities add value in addition to supplementing your retirement income?  They help you prepare for the future and what lies ahead which in turn provides you with peace of mind when unexpected situations arise.

There is an option of having your annuity transfer to a nursing home or disability center if you ever need it to.  Were you aware of that? If you decide to use your annuity in this way, you won’t have any surrender charges to pay for taking your money sooner than originally planned.  Annuities with  Guaranteed Lifetime Withdrawal Benefits often provide you with a 50-100% boost in income if you are ever confined to a long term care facility.

Annuities are not just a good choice for retired folks, but younger generations as well.  Although it will be quite some time before Generation X workers retire, recent questions about Social Security and whether it will be around at that time, and lower 401k balances are turning this generation towards annuity products.

The younger generations looking for annuity products are financially conservative and looking for financial security/a guarantee that their money will last over their lifetime.  One out of four people buying fixed annuities now are under the age of 50.  When it comes to indexed annuities, one out of six people buying them are under the age of 50.  It’s crucial for younger investors to make good financial decisions now as the increasing life expectancies mean they will be retired for more than two decades.

Take some time to organize all of your tax records and make sure insurance policies are up to date.  Make any changes necessary based on what has happened in your life in the past year.  Go over your retirement plan, including how you save and how you will use your money in the future.  Now is the time to look over your finances and get yourself set up for a successful new year.

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John Bulbrook, Bulbrook Drislane – IN-FORCE ™ Secondary Market, Finance and Investments, Secondary Market, Annuities, Fixed Term Annuities, Life Insurance, Structured Settlements, Previously Owned Annuities, Pre Owned Annuities, Immediate Annuities, Factored Structured, Settlement Secondary Market Annuity, Aftermarket annuity, Inforce fixed term annuities, Inforce fixed term annuity, Inforce annuity, Deferred Variable Annuity, Inherited Annuity, Equity Annuities, Straight Life Annuity, Non Qualified Annuity, Mutual Fund Settlement, 20 Year Annuity, 10 Year Annuity, 5 Year Annuity – Click here for his Facebook,Twitter, LinkedIn, Google Plus