26.07.2019 Views

Medway & Millis August 2019

Medway & Millis August 2019

Medway & Millis August 2019

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

<strong>August</strong> <strong>2019</strong> <strong>Medway</strong> & <strong>Millis</strong> Local Town Pages www.localtownpages.com Page 19<br />

Retire Sooner, Baby Boomer.<br />

mca<br />

MEDWAY CABLE ACCESS<br />

presents<br />

Movies in the Park<br />

<strong>2019</strong><br />

Wednesday evenings at Choate Park. Movies begin at dusk.<br />

Free movie admission- Concessions available for sale.<br />

In case of rain, movie will be shown inside the Thayer House.<br />

7/10<br />

A recent study revealed that<br />

26% of workers plan on working<br />

until the age of 70.1 Some may<br />

decide to stay in the workforce<br />

because they enjoy working, but<br />

what about those who have different<br />

ideas about how they want<br />

to spend their golden years?<br />

The good news is that for certain<br />

people, there may be a solution.<br />

New York Life conducted<br />

research that shows that Baby<br />

Boomers might be able to retire<br />

up to two years sooner than<br />

planned by including a deferred<br />

income annuity in their retirement<br />

portfolios.<br />

Ralph Breaks the Internet<br />

Typically, deferred income<br />

annuities are positioned as products<br />

that can be included in retirement<br />

portfolios to guarantee<br />

lifetime income in the future and<br />

help mitigate the risk of outliving<br />

retirement savings. Considering<br />

that only 24% of Baby Boomers<br />

are confident that they will<br />

have enough savings to last for<br />

retirement, those are certainly<br />

important benefits.2 However,<br />

an additional benefit could be an<br />

earlier retirement start date.<br />

Analysis shows that in certain<br />

scenarios, purchasing a deferred<br />

income annuity in pre-retirement<br />

years allows individuals to retire<br />

up to two years earlier without<br />

incurring additional risk – as<br />

measured by the probability of<br />

running out of money during the<br />

retiree’s projected retirement.3<br />

That means two more years to<br />

spend traveling, visiting with<br />

grandchildren, and enjoying life<br />

without work.<br />

If you’re ready to get a head<br />

start on your retirement, it may<br />

be time to take a look at your retirement<br />

portfolio to understand<br />

what changes you can make to<br />

get there sooner. Speak with your<br />

financial professional to help ensure<br />

that you’re headed towards a<br />

secure and satisfying retirement.<br />

1. Forbes.com, “Baby Boomers<br />

Delaying Retirement: Generational<br />

Shifts At Work”,<br />

Jun2017.<br />

2. Fool.com, “10 Statistics That<br />

Prove Baby Boomers Are in<br />

Big Trouble When It Comes<br />

toRetirement”, Feb 2017.<br />

3. To determine the planning<br />

horizon for Males age 55 and<br />

58 we used a life expectancy<br />

of94 years, which is the 75%<br />

percentile of life expectancy<br />

according to the Society<br />

ofActuaries Annuity 2012<br />

tables.<br />

This educational, third-party<br />

article is provided as a courtesy<br />

by Michael Damon, Financial<br />

Adviser, New York Life Insurance<br />

Company. To learn more<br />

about the information or topics<br />

discussed, please contact Michael<br />

Damon, Damon Financial,<br />

LLC. at 508-321-2101. Neither<br />

New York Life, nor its agents,<br />

provides tax, legal, or accounting<br />

advice. Please consult with your<br />

professional advisor for tax, legal<br />

or accounting advice. Deferred<br />

Income Annuity products are<br />

issued by New York Life Insurance<br />

and Annuity Corporation, a<br />

wholly owned subsidiary of New<br />

York Life Insurance Company,<br />

51 Madison Avenue, New York,<br />

NY 10010. All guarantees are<br />

dependent on the claims-paying<br />

ability of New York Life Insurance<br />

and Annuity Corporation<br />

(NYLIAC).<br />

7/17<br />

7/24<br />

7/31<br />

8/7<br />

8/14<br />

8/21<br />

The Lego Movie 2<br />

How to Train Your Dragon<br />

The Hidden World<br />

Incredibles 2<br />

Bumblebee<br />

Spider-Man:<br />

Into the Spider-Verse<br />

Captain Marvel<br />

thehenrystudio.com 508-429-2120<br />

HOME SERVICES<br />

HEATING - PLUMBING - A/C - ELECTRICAL<br />

CARPENTRY - DUCT SEALING - DUCT CLEANING<br />

Book your session<br />

before Aug. 15, <strong>2019</strong><br />

Use 2017 Pricing!!!<br />

Have your outdoor session<br />

done in our exclusive private<br />

outdoor studio in a natural<br />

setting or choose your location<br />

(travel fees may apply to areas not<br />

local to holliston area)

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!