Paul Springs Income for Life Eases Growing Retirement Concerns

    PHOENIX, AZ, November 25, 2014 /24-7PressRelease/ -- As the "Baby Boomer" generation prepares to leave the workforce and enjoy their golden years, the percentage of retirees in the American populace will soon reach record levels. Furthermore, advances in medical technology mean that people are living longer. These two factors lead many citizens and experts alike to question whether the Social Security system can handle the burden.

Indeed, many people are asking themselves, as they prepare to leave the workforce, "Will I outlive my money?" Paul Springs Income for Life specializes in retirement planning, helping families ensure that they have a solid financial plan to weather whatever financial storms they may face.

According to Paul Springs, "Workplace savings plans are a fine place to start. These plans tend to be more secure and get the most from investment dollars. However, it may not be enough to safeguard the lifestyle you are accustomed to living. Supplementing workplace plans with accumulation vehicles such as annuities, market investments, and cash value life insurance can help you diversify and build up the savings you will need in later years."

The initial consultation, or fact-finding session, is one of the most important parts of the planning process. During the session, the client sits down with a representative from the firm and answers a series of questions about financial goals, their ideal retirement scenario, how much risk they are comfortable with, whether they wish to leave a legacy to their children or spouse, and what the client can reasonably afford. Once these questions are answered, the representative creates a set of recommendations for the client, taking into account their present situation and vision for their future.

If the client is on secure financial footing or has a lump sum to invest, an annuity might be appropriate, due to the tax advantages and the greater degree of certainty that annuities offer. If a client is nearing age 65 and has some catching up to do to meet their goals, then a market investment might be more suitable. For younger clients, a whole life insurance policy, which builds cash value over time in addition to providing a death benefit, may be the wisest course. Often, some or all of the above provide just the right mix of security and opportunity.

About Paul Springs Income for Life
Paul Springs Income for Life is a retirement planning firm situated in the Phoenix, AZ marketplace. The firm has 22 years of experience in helping individuals and families meet their financial goals through growth vehicles such as market investments, life insurance policies, and annuities. The firm has a solid reputation for straightforward accountability, and placing the client's needs first.

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