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CONTACT USStateTrust Life & Annuities has the experience, knowledge and personnel specializing in effective strategies to achieve a stable retirement. The main objective of retirement is to have an income that allows you a standard of living similar to or better than the one you enjoyed while you were fully employed.
When saving for retirement, your goal should be to maximize your earning potential and minimize risks. Establishing the means to achieve a stable income requires systematic savings over time and a professional investment methodology. There are several steps you must take to ensure a safe retirement:
- Start saving as soon as possible.
- Make a retirement plan.
- Invest in a diversified portfolio of stocks and bonds.
- Follow your progress regularly and make adjustments.
- Plan an exit strategy (determine when to start withdrawing money and how much).
StateTrust Life & Annuities has the experience and technological resources needed to anticipate our customers’ future needs and establish the most appropriate asset/debt ratio for a successful retirement. StateTrust offers two types of Retirement Plans:
- Axys: A retirement plan with variable returns, which offers a savings plan that invests in fixed and variable income funds and indexes. This plan covers retirement expenses at the beginning of the retirement period.
- Horizon: A retirement plan with guaranteed returns, which offers a savings plan with a fixed income to guarantee a specific amount of money that will be paid during the entire retirement period selected.
The main objective of retirement is to have an income that allows you a standard of living similar to or better than the one you had while you were fully employed.
Developing the resources for a stable income requires systematic savings over time, as well as a professional investment methodology that can help you deal with the psychological stress inherent in the volatility of capital markets.
StateTrust Life & Annuities has the experience and technology needed to anticipate our customers’ future needs and establish the appropriate asset/liability relationship needed for a successful retirement.
- Retirement is a reality that must be planned. The earlier you start planning, the more effective your retirement plan will be, allowing more time for your savings to grow, so you can obtain the returns you expect.
- Retirement planning can start at any time. Ideally, it should start at least 10-15 years prior to leaving the workplace.
- With a longer timeframe, you have greater possibilities to effectively manage unforeseen changes, such as medical expenses, rapid inflation rates, the loss of a loved one, extreme market fluctuations and natural disasters.
- As science and medicine progress, human beings live longer lives and retire earlier. Thus, our retirement period has extended in a way never seen before.
- According to our market research, the fastest growing segment of the population over the next 20 years will be individuals over 55 years old.
- At the time of retirement, a growing number of people want to have the same lifestyle they had during their working years.
- In order to achieve your goal of having guaranteed income after retirement, you must save 17% of your income before taxes.
- Close to 30% of Americans are not saving for retirement. In Latin America, only 20% of the workforce has a private or public pension plan.
Systematic delays in retirement planning will require an increase in the percentage of income you will need to save prior to the date you leave the workforce.
When you retire, you stop receiving a stable income. So, income after retirement must come from capital generated during your working years.
| Some people want to have more leisure time after a lifetime of work. |
| Others use their retirement to devote more time to family, take on new activities, etc. |
| Some are forced to retire for health reasons or drastic changes in their family life. |
| Several companies have an established age of retirement, to open opportunities for the new generations. |
| There are labor laws that set retirement at the age of 65. At that age, public financial resources are made available to new retirees. |
Annuities are an important source of income during retirement. They serve as an additional source of income beyond a retirement pension. In fact, they serve as complements to other retirement benefits.
Annuities are paid in advance. This way, when you retire, you can receive a monthly or annual payment. Depending on the type of annuity, this payment may be guaranteed or variable.
When you buy an annuity, you agree to contribute a specific amount of money to the company that sells you the annuity. In return, the company that issued the annuity will make a series of payments to you at the time of withdrawal.
In essence, through an annuity agreement you are contributing your money to the company that issues the annuity. These resources will be returned later, during retirement, with interest or income generated by investment instruments.
