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<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)