Retirement Is Reachable With Guaranteed Lifetime Income

  • By William Bryant
  • 14 Mar, 2017

No Matter Where You Are In Life

Help Is Here.

As an insurance broker, J. Elvin Dashiell reasoned that as the baby boomer generation neared retirement age, there would be a growing need for assistance with Medicare and other retirement age resources. Eventually, S2S Silver Services was born.

A Financial Plan You Can Trust.

In the modern, post bailout economy, J. Elvin found a large population of people either approaching retirement age or old enough to have retired already who were still in the workforce. They didn’t have the income for a safe retirement. With savings accounts offering near zero gains, and Social Security failing to keep up with cost increases, many families were searching for a financial plan they could trust. That’s where J. Elvin and  S2S Silver Services  came in.

Guaranteed Lifetime Income

The era of retiring with a pension and worry free Medicare is officially over. These days, J. Elvin explains to his clients that retirement is a three legged stool. It depends on a blend of Social Security,   Medicare , and lifetime income. And, as more than half of current retirees are running out of money faster than they planned, time is of the essence to invest in an income resource.

Insurance companies have responded to this need with guaranteed lifetime income plans. These products offer surprisingly generous returns (4.5-7 percent compounded growth as opposed to fractions of a percentage elsewhere). They are backed by some of the nation’s most respected insurance brands.

One client came to J. Elvin with a modest $100,000 saved up to last the rest of her life. He turned it into more than $11,000 of guaranteed income after 10 years. Add that to Social Security, and the financial gap for a household disappears. It made comfortable retirement a real possibility. “These opportunities are not offered by the big banks. So many people remain unaware of this potential’ J. Elvin remarks. ‘I get great satisfaction from watching a client secure their financial future with a little help from me.”

S2S Is The Answer.

As if financial concerns weren’t enough for his clients, S2S Silver Services also came along at a time when healthcare was about to go through a dramatic and rapidly changing time. “As a result of the Affordable Care Act, there have been many recent changes in company health plans,’ J. Elvin notes. ‘The trend is for some companies to drop spouses from their health plans, and many small companies are terminating their health plans entirely. Often, those companies refer their employees to me.”

With all of the above mentioned concerns, contact J. Elvin at S2S Silver Services. Let him look at your retirement planning thus far. Guaranteed lifetime income plans are a win for everyone. Even if you haven’t begun to plan, let him help you get started so that your retirement is reachable and comfortable.

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We will now tackle the options available to the majority of us who retire and go on Medicare. Unlike the folks we discussed last month, when you retire and no longer have commercial health insurance options, it is highly recommended that you get both Part A and Part B of Medicare. Part A has no continuing cost associated with it as it is paid for over the course of our entire working career through payroll deductions. Part B currently costs approximately $105 and is deducted from your Social Security or disability benefits every month.
By Jen Steever 17 Aug, 2017
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By Jen Steever 15 Aug, 2017

No one likes to think that their health could fail at any point, or that it will likely decline as you age. But it is important to keep these thoughts in mind, especially since the average 65-year-old American has a 70% chance of needing long-term care services in their lifetime.

When you take into consideration that the average medical expenses of a 65-year-old couple can total around $218,000 over 20 years, it's clear why so many people choose to invest in long-term care insurance. For the same reasons, Medicare supplement plans could be a huge money saver in the post-retirement years to come.

If you are wondering whether long-term care insurance is the right financial decision for you, then keep reading to learn more.

By Jen Steever 27 Jul, 2017
The number of senior citizens is expected to grow from the current 40 million to 90 million in 2050. This will lead to an increased demand for healthcare services, housing, and -- more than likely -- financial planning services . To make matters even more complicated, a 2015 Gallup poll found that 37% of Americans won't retire until after the age of 65. Whether it's due to personal preference or because they simply cannot afford to retire until much later in life, seniors need to understand that the decision to keep working will impact their financial planning options. That's why it's so important for you to explore the types of financial services available to you now to help you prepare for this type of situation. But if you haven't yet seen a financial planner, you should be aware of how your delayed retirement can affect your financial options.
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from J. Elvin Dashiell and the Senior Information Corner
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By Jen Steever 14 Jun, 2017
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By William Bryant 05 May, 2017

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First, you have several printed materials from the government. The way the material is written, the information often seems to contradict what you read in other publications. Secondly, you may have well-meaning family or friends who provide their own understanding about how Medicare works. Lastly, you receive stacks of mail and materials from many different insurance companies all stating that their plans are better, cheaper, or both.

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For many seniors, one of the most pivotal parts of their medical care may be their prescription drug plan. Most seniors will have to determine whether Medicare Advantage (known as Medicare Part C) or the Medicare Prescription Drug Plan (known as Medicare Part D) is the best fit for their needs. If you want to determine whether Medicare Part D is the right choice for you, you'll want to ask your provider the following three questions.

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