StateTrust Life and
Annuities is a recognized global company and brand in the international life
insurance industry. It focuses on life insurance, retirement plans and
education funds for individuals, families and companies around the world.
Miami, Florida – April 22, 2014 – Regardless of a person’s age, retirement
planning is essential in achieving security and comfort later in life. To
arrive at a financially secure retirement, it is necessary to have the advice,
tools and products that allow for careful planning of this important life
stage.
The main objective of retirement is
to have an income that allows for a standard of living similar to or better
than the one the person enjoyed while being fully employed. Building up the
means for a stable income requires systematic savings over time and a
professional investment methodology to fight the stress associated with
volatility in the capital markets.
StateTrust Life and Annuities has the experience and
technological resources to project its customers’ future needs and to establish
the relationship between assets and liabilities to help establish a successful
retirement.
Reasons for Retirement
·
Some people want to have more time for relaxation after a lifetime of
work.
·
Others use their retirement to spend more time with their families and
to take up new activities.
·
There are some who are forced to retire for reasons of health or a
dramatic change in their family situation.
·
Many firms establish an age for retirement in order to make way for the
next generation.
·
There are labor laws that establish retirement at the age of 65. At that
age, public funds become available to the new retirees.
With advances in science and medicine, we are living longer and retiring
at a younger age. Therefore, the period of retirement is much longer than ever
before.
More and more people approaching retirement want to maintain the
standard of living they had during their working years. To achieve the goal of
a secure income after retirement, 17% of income before taxes should be saved.
Almost 30% of people in the United States are not saving for retirement, and in
Latin America, only 20% of the work force is covered by a private or public
pension plan. Postponing retirement planning means having to increase the
amount you save to catch-up.
Starting a Retirement Plan
·
Retirement is a reality that must be planned. The sooner this is done
the more effective the plan will be, and the greater the window of opportunity
for an increase in savings and returns.
·
Retirement planning can start at any point before retiring, but it is
ideal to begin planning 10 to 15 years before exiting the job market.
·
A longer interval of time means there is a greater possibility of
effectively handling unexpected changes such as medical expenses, a big
increase in inflation, the loss of a loved one, sharp fluctuations in the
market, and natural disasters.
How Retirement Annuities Work
Annuities are an important source of
retirement income and complement other retirement benefits. You pay into
annuities beforehand, so you can receive a monthly or an annual payment when
you retire. Depending on the type of annuity, payment may be guaranteed or
variable.
When you buy an annuity, you agree
to contribute a specific sum of money to the company that sold you the annuity.
In return, the company that issued the annuity will give you a series of
payments upon your retirement. In essence, with an annuity agreement, you are
lending money to the company that issues the annuity. Those funds will be
returned to you later during your retirement, along with the interest or
returns generated by the investment instruments.
ABOUT STATETRUST LIFE & ANNUITIES, LTD
StateTrust Life and Annuities, Ltd. is a global
company specializing in life insurance, retirement plans and education funds
designed for individuals, families and companies around the world. It is a
recognized global company and brand in the international life insurance
industry.
If you are
interested in more information about StateTrust Life and Annuities, Ltd. or for further
information about this release, please contact:
StateTrust Group
800 Brickell Avenue,
Suite 100
Miami, FL 33131
(305) 921-8100
www.statetrustlife.com
DISCLAIMER: StateTrust Life & Annuities, Ltd. is
an independent entity, incorporated under the Laws of the British Virgin
Islands and supervised and regulated by the BVI Financial Services Commission.
It is not ruled or regulated by any U.S. government or financial agency. The
information presented is not intended to provide legal, tax, insurance or
investment advice, or to be universal. It is not a substitute for professional
advice. It may not be applicable to you and/or your particular situation.
Furthermore, this information may not be applicable in all countries.
